Economy

Can Russia’s attack on Ukraine impact Canada's economy & trade?

People around the world have woken up to the news of Russian President Vladimir Putin ordering a “full-scale invasion” of Ukraine —...

Decoding the World Development Report 2022

Highlights The World Bank affirmed the significance of corrected financial measures for an equitable recovery. In the pandemic, economic activitie...

What does Russia-Ukraine conflict mean for world economy?

In late January 2022, Russian forces were deployed along the Ukrainian border. Till now, the conflict hasn’t been resolved. While the world econ...

Economies with record-breaking inflation

Highlights The Consumer Price Index (CPI) for a large variety of goods and services across most countries is climbing faster than expected. The pr...

Crude oil hits fresh seven-year high amid Russia-Ukraine tension

Highlights Crude oil prices rose on Monday. The comments from the US about a forthcoming attack by Russia on Ukraine have shocked the worldwide fi...

UK economy recovers from pandemic blues, Omicron impacts December gr...

Highlights  The UK economy recorded a GDP growth of 7.5% in 2021 after a drastic fall of 9.4% in 2020. The UK’s GDP has gone up by 1% i...

How Labor pip Liberals to pass religious discrimination bill       

Highlights  The contentious religious discrimination bill was passed by the lower house on Several Liberal MPs crossed the floor against the...

Rising shipping costs affecting UK businesses

Highlights  Labour shortages, Covid restrictions, and strain on logistics networks led to a rise in shipping costs and significantly lengthene...

Can China’s zero-Covid curbs hurt global growth?

Like many other nations like Australia and New Zealand, China adapted the “zero-Covid” policy as the deadly COVID-19 pandemic entered our...

Consumer spending down due to Omicron, but things are looking positi...

Highlights Omicron has caused significant decline in household spending. Inflation and higher labour costs have impacted business conditions in Au...

Cost of living crisis: Bank of England expected to hike interest rat...

Highlights Britons and economists are expecting the Bank of England’s Monetary Policy Committee (MPC) to hike interest rates again on Thursda...

Australia seeks to join EU's trade row talks against China

Trade Minister Dan Tehan said on Saturday that Australia will seek to join the World Trade Organisation (WTO) talks over a trade dispute between China...

Should global markets worry over Fed’s interest rate plans?

Highlights The US Fed intends to increase interest rates in the coming months amid strong labour market conditions and high inflation. As rate hik...

If Boris Johnson resigns, who could be the next PM of UK?

Highlights The UK PM Boris Johnson has been facing mounting pressure from ministers and opposition leaders following Downing Street Garden parties...

Online Safety Bill: 7 points to note

Highlights  The Online Safety Bill is a proposed Act in the United Kingdom to enhance the safety net around internet. The Digital, Culture, M...

Are global markets headed towards a crash in 2022?

Highlights A superbubble is created when prices of several asset classes go through the roof simultaneously. Finally, the time has come for centra...

5 reasons why cost-of-living is moving up in Britain

Highlights The inflation rate in the UK rose to its highest level at 5.4% in December 2021. The UK economy has been facing inflationary pressure f...

How would inflation further affect sectors? 5 pointers to note

The inflation rate of the UK surged unexpectedly to 5.4% in December up from November’s 5.1%, since its highest in 1992, enhancing pressure on t...

UK inflation surges to a 30-year high level: What to expect now?

Consumer Price Index (CPI) inflation in the United Kingdom jumped to 5.4% in the final month of 2021. Britain’s inflation rate rose to the highe...

Report: World’s richest got richer during pandemic

A recent report by Oxfam has stated that the world’s 10 richest people have seen their fortune increase by more than double from US$700 billion...