Rishi Sunak’s woes have continued to pile up after the Office of National Statistics (ONS) suggested that the UK is in a technical recession. The revised figures for the final three months of 2023 show that the economy shrank by 0.3%, three
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
Britain’s buoyant tourism industry will deliver a £3.2 billion economic lift this Easter as millions of families holiday at home. Analysis by Visit England shows 11 million people will take a staycation over the upcoming long weekend as the good times return.
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
One of the most iconic vehicles ever produced by the UK is the London taxi which today runs on a combination of petrol and electricity. However, the taxis of the future might not rely on petrol, they might be in the skies.
Rishi Sunak has vowed to “turbocharge growth” by slashing Britain’s ballooning benefits bill. The Prime Minister declared it is “common sense that where people can work, they should” amid warnings taxpayers will be spending a staggering £360billion on welfare by the end
China has set up an ambitious series of reforms for its economy in an effort to boost growth amid a slide in the housing market and spending weakness – primarily economic growth of “around 5%” this year. “Achieving 5% growth will be
The German economy will be the worst-performing economy in the G7 for the second successive year, as the country’s Chancellor tries to contend with a spiralling property downturn and net zero uncertainty. Despite being the largest economy on the continent, Germany is
Speaking in a January interview on CNBC’s “Squawk Box”, she said: “What Donald Trump’s about to do, is he’s going to raise every household’s expenses by $2,600 a year.” During his term in office, Trump waged a $250billion trade war with China,
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