Economy

Asian markets fluctuated on Thursday as another forecast-busting US inflation print ramped up bets on a quick series of sharp interest rate hikes that traders hope can be quickly walked back once prices are brought under...

Lithuania’s president has said his country is willing to stop importing Russian oil and gas in the latest sign of how some EU countries plan to tighten penalties on Moscow for its invasion of Ukraine. “It...

The Ukrainian economy could shrink by more than a third this year if the war with Russia continues, the International Monetary Fund said. The global lending body said the country is already facing a downturn of...

Unemployment in China rose and youth unemployment spiked in the first months of the year, data showed Tuesday, as a surge of coronavirus cases rattled businesses and forced closures. The unemployment rate in cities edged up...

Petrol prices are likely to fall back from record levels due to the costs of wholesale fuel and global oil easing, UK motoring groups have said. The average price for a litre of petrol hit £1.63...

China will ensure stable economic operations this year, keep economic growth, employment and prices within reasonable ranges, state media quoted the cabinet as saying on Monday. China’s economy faces new downward pressure and difficulties and challenges...

A leading food industry boss has warned that prices will spike as a result of the war in Ukraine. Ronald Kers, the boss of food firm 2 Sisters, told the BBC that the cost of food...

Price increases in the US continued to surge last month, pushing the annual inflation rate up 7.9%. That is the biggest year-on-year leap since 1982 and up from the 7.5% rate reported in January. Rising costs...

At least two thirds of households with children have lost income since the COVID-19 pandemic hit two years ago, according to a new report published by UNICEF and the World Bank. Impact of COVID-19 on the...

US consumer prices hit a new 40-year high last month as the world’s largest economy continued to be battered by a surge of inflation, which the fallout from Russia’s invasion of Ukraine is expected to worsen....