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Oil revenues surge 90 per cent compared to a year ago
This is the biggest interest rate increase in more than 27 years
Bangladesh’s $416 billion economy has been one of the fastest-growing in the world for years, but rising energy and food prices because of the Russia-Ukraine war have inflated its import bill and the current account deficit
Month-on-month, consumer prices rose 2.37 per cent in July, the Turkish Statistical Institute said, below a Reuters poll forecast of 2.9 per cent. Annually, consumer price inflation was forecast to be 80.5 per cent
Overseas workers will only be able to use half their remitted funds for the purchase, which can have a maximum value of $65,000
Generation Z and those with low credit scores are falling behind on credit card bills, auto loans and accumulating debt
A series of purchasing managers’ indexes for July showed new orders falling in the manufacturing powerhouses although they did show price pressures may be waning
Currency records second worst monthly performance in July by shedding 17% of its value
The Middle East’s largest economy has benefited from a spike in oil prices triggered by Russia’s attack on Ukraine, and has largely resisted appeals from Western countries to raise output in order to bring prices down