The eurozone entered into a technical recession at the start of the year, according to latest data, which has signalled a loss of growth in the single currency area, with Germany being branded the “problem child” according to an economic analysis company.
British Prime Minister Rishi Sunak may look to forge closer economic ties with the U.S. during upcoming meetings with President Biden, appealing to their cooperation and close ties militarily. “Just as interoperability between our militaries has given us a battlefield advantage over
Saudi Arabia plans to reduce how much oil it sends to global economy, meaning US oil prices may rise
Saudi Arabia will reduce how much oil it sends to the global economy, taking a unilateral step to prop up the sagging price of crude after two previous cuts to supply by major producing countries in the OPEC+ alliance failed to push
Travellers on a flight from Nice to London were stunned to find two royals sitting alongside them in economy class. Half-term holidaymakers returning from Nice were thrilled to find Mike and Zara Tindall on their Air France flight, the pair having been
Remainers predicting doom and gloom for the British economy were shamed this week after new data showed Germany, the EU’s biggest economy, is on the verge of recession. Branded the “sick man of Europe”, Britain gave anti-Brexit campaigners a slap in the
Higher than anticipated inflation figures that came out this week could mean that the Bank of England will potentially raise rates. Jeremy Hunt, Britain’s Treasury chief, said that he is prepared to further increase interest rates, even at the risk of sending
Western sanctions are now causing “unprecedented” damage to the Russian economy, which is facing an eye-watering budget deficit of £40billion, a Ukrainian economist and adviser to President Volodymyr Zelensky has said. Vlad Vlasiuk was commenting on figures released by Rosstat, the Russian
The German economy shrank unexpectedly in the first three months of this year, marking the second quarter of contraction that is one definition of recession. Data released Thursday by the Federal Statistical Office shows Germany’s gross domestic product, or GDP, declined by
The International Monetary Fund (IMF) said it is not expecting the UK to enter a recession this year. In an update to recent forecasts, it said: “Buoyed by resilient demand in the context of declining energy prices, the UK economy is expected
Experts are warning of the dangers posed by the dispute in the US Congress over the country’s $31.4trillion (£25.2trillion) debt default which may lead to a “cataclysmic” recession. Politicians from across the aisle are working on a deal to borrow more money,