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Germany enters recession as GDP falls for consecutive quarters
May 25, 2023 10:20Germany has officially entered a recession as its gross domestic product (GDP) declined for two consecutive quarters, according to figures released on Thursday by the Federal Statistical Office (Destatis).
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Iran eyes economic growth of 8% in its 5-year vision plan
May 22, 2023 02:02Iran has set a target to reach an average economic growth rate of 8% between 2023 and 2028 as part of a new vision plan unveiled by the government.
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UK unemployment rises higher amid skyrocketing inflation
May 16, 2023 10:47UK's unemployment rate has increased over the first three months of the year as skyrocketing inflation puts further pressure on the labor market, according to official data released on Tuesday.
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Latest EU economic forecast outlines growing risks to bloc's finances
May 16, 2023 08:54The EU's Spring 2023 Economic Forecast predicts subdued growth across the 27-country bloc but suggests there are mounting risks to financial well-being. The ongoing conflict in Ukraine has again been singled out as a particular concern.
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Report: 1.6 million UK households facing mortgage cost surge
May 13, 2023 09:36A British think tank has warned that nearly 1.6 million British households are yet to encounter a 2,300 pound ($2,903) payment surge following the mortgage rate increase amid the UK’s persisting housing crisis.
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Minister says Iran-Saudi trade will go up after 'win-win' reconciliation
May 12, 2023 10:37Iran’s Finance Minister Ehsan Khandouzi has praised the recent agreement between Iran and Saudi Arabia to restore diplomatic ties, saying the detente will boost bilateral trade and investment.
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High energy prices possibly killed more Europeans than COVID in winter: Report
May 12, 2023 10:33The steep rise in energy prices across Europe following the bloc's anti-Russia sanctions linked to the war in Ukraine may have killed more Europeans in winter than the COVID-19 pandemic, The Economist has reported.
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Over 258 million need emergency food aid globally
May 05, 2023 02:39A new report suggests the number of people experiencing acute food insecurity and requiring urgent nutrition aid increased by 65 million across the globe in 2022.
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President: Strategic cooperation deal marks new chapter in Tehran-Damascus relations
May 04, 2023 10:50President Seyyed Ebrahim Raeisi has lauded a comprehensive agreement on long-term strategic cooperation between Tehran and Damascus, saying the deal marks the beginning of a new chapter in “brotherly and friendly ties” between the two Muslim nations.
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Iron smuggling ban, small step toward economic stability in Afghanistan
May 04, 2023 10:45The Taliban have banned iron smuggling in Afghanistan since coming to power.