Olaf Scholz facing fresh crisis as German economy in freefall

German Chancellor Olaf Scholz doesn’t have much to celebrate this Easter as five of his country’s biggest economic institutes have warned an “ailing” Germany is suffering an ecomomic slow-down. The collective warning was made citing “low domestic demand, and high gas and

Sri Lanka's debt-ridden economy gradually improving, IMF says

The economic situation in debt-stricken Sri Lanka has started to gradually improve following its worst economic crisis two years ago, the International Monetary Fund said Thursday. The country’s inflation has come down from a peak of 70% in 2022 to 5.9% last

Europe switches into war economy mode over World War 3 fears

Europe could switch into a war economy mode as fears about the beginning of World War 3 intensify and the need to bolster defences becomes increasingly necessary. According to reports, the European Commission will announce its intentions to create a brand-new defence

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