People buy vegetables at a local market in Nice, France. File/Reuters
Business activity in the eurozone shot ahead at its fastest rate in 21 years in July, a closely watched survey said on Friday, as the economy went into full throttle with loosened Covid-19 restrictions.
Eurozone inflation surged past the European Central Bank’s elusive target in May, heightening a communications challenge for policymakers who will happily live with higher prices for now but may face a backlash from irate consumers.
The downturn in the eurozone economy has deepened as high inflation and fears of an intensifying energy crisis hit demand, adding to evidence the bloc is heading for a winter recession.
President Joe Biden assured Americans on Friday that the US economy is chugging along in the holiday season, but the very strength of a new jobs report showed that high inflation remains a recession threat.
ADIA Lab, the independent research institute dedicated to basic and applied research in data and computational sciences, commenced operations on Friday, the 51st National Day of the UAE.
Islamabad: At a time when Pakistan, under the current coalition government of Prime Minister Shehbaz Sharif, is facing a towering challenge of reviving its economic and financial conditions