Russia’s longtime allies are finally abandoning them as the US tightens its grip on Vladimir Putin’s country with stronger economic sanctions. Countries such as China, Turkey, the UAE, and India have all begun distancing themselves from Russia amid growing sanctions for their
China’s Xi Jinping was left reeling after figures showed the country’s economy lagging well behind those of the US and UK. Data shows that when the economy is measured in terms of gross domestic product (GDP) per capita, Chinese citizens are much
Japan must shift its policy focus away from crisis-mode stimulus towards achieving private sector-driven economic growth, a government panel said on Tuesday in the wake of the central bank’s decision to end eight years of negative interest rates. In a proposal to
“The necessary condition for the end of this war is of course the change of the political regime and in particular the departure of Mr Putin.” Despite sanctions, Russia’s economy grew by 3.6 percent in 2023, according to data from Russia’s federal
The Prime Minister has promised that 2024 will be the year that Britain “bounces back”, amid a swathe of major boosts to living standards coming into force from today. Rishi Sunak hailed the new measures, which he said could save the average
Britain’s move to acquire 14 state-of-the-art Chinook helicopters has been tipped to boost the British economy by £150million. However, a military analyst has warned the deal is not without its drawbacks. The deal, announced earlier this month, will bolster Britain’s heavy lift
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