inflation
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Business
Kuwait’s CSB: Consumer Prices Index up 4.52 pct in May 2022
Kuwait: Consumers Price Index (CPI) increased in Kuwait by 4.52 percent in May 2022 on annual basis compared with the…
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Business
Turkey inflation hits two-decade high of 78.6% in June
Istanbul: Inflation in Turkey soared to 78.6 percent on an annual basis in June, the highest level in 24 years,…
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Business
UK debt repayments soar on high inflation
London: Interest repayments on UK government debt have soared as the country’s inflation reaches the highest levels in decades, official…
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Business
UK inflation hits fresh 40-year high
London: British annual inflation has hit a fresh 40-year high, official data showed Wednesday, further eroding workers’ wages and pressuring…
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Business
Fed hikes US interest rate 0.75 points, biggest since 1994
Washington: The US Federal Reserve announced the most aggressive interest rate increase in nearly 30 years, raising the benchmark borrowing…
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Business
Stocks slide as US inflation soars
London: Stock markets plunged deeper into the red on Friday after data showed that US inflation soared to highest level…
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Business
Russian invasion or not, Ukraine’s economy is already paying price
KYIV, Ukraine: In his open-plan office in the center of Kyiv, tech executive Dmytro Voloshyn lists off the tricky questions…
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Business
Turkey inflation surges to near 20-year high
ISTANBUL: Turkey’s inflation hit a two-decade high near a whopping 50 percent in January, official data showed yesterday, as a…
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Business
ECB sits tight as inflation pressure rises
BRUSSELS: The European Central Bank stuck to its ultra-loose monetary policy yesterday, despite record inflation in the eurozone putting the…
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Business
BoE agrees second rate hike in row as inflation skyrockets
LONDON: The Bank of England yesterday lifted its main interest rate for the second time in a row in a…
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Business
Eurozone inflation soared to new record high in January
BRUSSELS: Inflation in the eurozone soared to a new record high in January, official data showed yesterday, adding pressure on…
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Business
Erdogan threatens to punish media over ‘harmful content’
ISTANBUL: Turkish President Recep Tayyip Erdogan threatened Turkish media with legal action over content “incompatible with national and moral values,”…
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