Even if it is predicted that the United Kingdom will not enter a recession this year, the nation’s economy is projected to be difficult. The recovery has been hindered by the energy price shock brought on by Russia's war in Ukraine.The Intranational...

Data showing that the US economy added more than a quarter of a million jobs last month soothed recession worries Friday, bringing a rebound in stocks including for troubled midsized American banks.Just a day before, equities took a lashing over worr...

Pakistan's year-on-year inflation hit 35.37 percent in March -- the highest in nearly five decades -- as the government scrambled to meet International Monetary Fund (IMF) conditions to unlock a desperately needed bailout.Month-on-month inflation was...

Shares of Europe's biggest banks tumbled on Friday after trouble at a regional US lender sparked a Wall Street rout on the sector in the United States.Deutsche Bank shares were down nearly 10 percent after the Frankfurt stock market opened, while Ger...

Sixteen-year-old Nadia makes the one-hour journey to and from her employer's house on foot each day, stopping frequently along the congested streets of Lahore so her mother can rest her weary legs.The teenager still had seven years of schooling left...

Global stocks mostly fell Friday to conclude a lackluster week as markets grappled with fresh inflation data that raised worries of further central bank tightening.After a down day on European and Asian equity bourses, US stocks also opened lower in...

Google's parent company Alphabet announced Friday it will cut about 12,000 jobs globally, citing a changing economic reality as it became the latest US tech giant to enact large-scale restructuring.The layoffs come a day after Microsoft said it would...

By AFPDespite widespread outrage over Moscow's war in Ukraine, only a small number of Western companies have deserted Russia, according to a Swiss study.Researchers at the University of St. Gallen and at the IMD institute in Lausanne have delved into...

By AFPDubai recorded real estate transactions worth more than $143 billion in 2022, the official Dubai Media Office said Monday, calling it a "milestone" for the United Arab Emirate's main business hub.The property boom comes amid an influx of Russia...

By AFPThe UK government will on Tuesday introduce proposals mandating "minimum safety levels" during strikes, angering unions which have branded it "undemocratic" and threatened legal challenges.The new law will require minimum levels of service duri...

The Jordanian scene today is full of accelerating events, some of which have been violent, and in the background of the scene is an economic crisis the likes of which the country has not witnessed before.While experts fear that the events will destab...

The Executive Board of the International Monetary Fund onFriday approved a $3 billion loan to Egypt, with an immediate disbursement of $347 million, the IMF said in a statement.Egypt will benefit from the loan over 46 months under the Extended Fund F...