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
SAO PAULO (AP) — Brazil’s economy grew 2.9% in 2023, beating expectations in the first year of the administration of President Luiz Inácio Lula da Silva, according to the government statistics institute Friday. The number announced by IBGE impressed many economists, whose
The UK’s economy will get a timely £8.6billion shot in the arm today – thanks to the leap year. An analysis published by the Centre for Economic and Business Research (Cebr) suggested February 29 – which comes round just once every four
Nigeria’s government employees and other union workers began a new nationwide strike Tuesday that threatened to shut down key services while people are angry about soaring inflation and growing economic pain. Since assuming office in Africa’s most populous country last year, President