A vendor sells vegetables to a customer amid the rampant food inflation in Colombo, Sri Lanka. Reuters
Sri Lanka’s headline inflation accelerated in May to the highest since 2015 due to rising food and transport costs, as the island nation grappled with its worst economic crisis in seven decades.
South Korea’s consumer inflation faltered to its slowest on record in August while second quarter economic growth was revised down on weaker exports, firming up the case for central bank rate cuts as early as next month.
Japan’s annual core consumer inflation ticked up only marginally in October despite the boost from a sales tax hike during the month, suggesting weak household sentiment is keeping companies from passing on the higher costs.
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