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The International Monetary Fund on Tuesday slashed its forecast for global economic growth by nearly a full percentage point, citing Russia’s war in Ukraine, and warning that inflation was now...
Global stock markets and Wall Street futures sank on Monday after the Federal Reserve indicated it might raise interest rates more aggressively to cool US inflation as President Emmanuel Macron...
March PMI data indicated a further surge in growth across the Dubai non-oil economy, as output picked up at a marked rate in response to stronger new business intakes. A...
High crude oil prices combined with fears of rising inflation are expected to keep the Indian rupee under pressure, next week. Lately, the Brent crude oil price has remained elevated...
Saudi Aramco’s net profit soared 124 per cent last year as global growth recovered from the Covid-19 downturn, the oil giant announced on Sunday. “Aramco’s net income increased by 124%...
Shares have opened lower in Europe after gains for most Asian benchmarks as oil prices hovered above $100 per barrel. Stocks rose in Tokyo and Shanghai but fell in Paris,...
Germany, which depends on Russia for two-thirds of its gas imports, is thinking of alternatives after the Russian attack on Ukraine, and the imposition of economic sanctions on Moscow. After...
The Kremlin accused the United States on Wednesday of declaring an economic war on Russia that was sowing mayhem through energy markets, and put Washington on notice it was...
The Indian rupee fell to a historic low on Monday, while bond yields surged as a sharp rise in global prices of crude oil stirred concern about domestic inflation,...
Iran and the International Atomic Energy Agency (IAEA) had announced on Saturday that they have reached an understanding over the need to adopt a common approach to sort out issues...
