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London housing crisis becoming 'unmanageable', warns umbrella group
Aug 04, 2023 11:50London's housing crisis is becoming "unmanageable" as one in 50 Londoners are now living in temporary accommodation, an umbrella group warned, urging the government to help low-income families.
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US core inflation still over twice higher than target rate
Jul 13, 2023 08:23The latest inflation figures from the United States show the country is still suffering the backlash of a failed sanctions campaign against Russia. The official inflation rate eased, thanks to low energy prices, but a deeper dive into the numbers reveals widespread hardship.
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Eurozone slips into technical recession: Official figures
Jun 08, 2023 10:03The eurozone has entered a technical recession in the first three months of 2023, bringing households under increasing pressure from rising living costs across the 20 countries that use the euro as their currency, Eurostat figures show.
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Brazil’s Lula calls for instituting common S American currency
May 31, 2023 07:58Brazilian President Luiz Inacio Lula da Silva has called for the establishment of a common currency for the South American region in efforts to reduce its reliance on the US dollar.
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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.