The Federal Reserve on Wednesday approved its biggest interest rate hike since 1994 to stop the growing inflation that U.S. central bank officials...

Economy

16 Jun 2022

Fed Approved Largest rate hike Since 1994 to Halt Rising Inflation

Investors and most economists are predicting a quarter-point rate hike by the BoE next Thursday as the Bank of England looks set...

Economy

10 Jun 2022

Bank of England set to Elevate Rates again as Inflation Leads for 10%

Revised gross domestic product (GDP) data released by the Cabinet Office on Wednesday showed that the Japan's economy shrank at 0.5%...

Economy

8 Jun 2022

Japan's Q1 GDP reduced less than the expected amid COVID-19 Resurgence

Official data showed on Tuesday that the Saudi Arabia's gross domestic product grew 9.9% in its first quarter, and was recorded as the fastest in...

Economy

7 Jun 2022

Saudi GDP grows 9.9% in Q1, recorded as the Fastest Growth in a Decade

INDONESIA plans to issue a special 5-year visa for the digital nomads - remote workers and business-leisure travelers to attract visitors to back to Bali and other...

Economy

6 Jun 2022

Bali, Indonesia plans to attract Digital Nomads with 5-year Visa

An increase in Value Added Tax (VAT) to 12% from 8% with immediate effect is among the key tax increases announced on Tuesday, which is...

Economy

1 Jun 2022

Sri Lanka immediately hikes tax rates at 12% from 8% to boost Government Revenues

U.S President Joe Biden said that the Federal Reserve has a primary responsibility to control inflation and vowed not to seek "to influence its...

Economy

31 May 2022

Biden Highlighted Inflation Role of Fed Ahead of Powell Meeting on Tuesday

On Friday, Prime Minister Ranil Wickremesinghe warned of a food shortage as the island nation battles a devastating economic...

Economy

20 May 2022

Thousands queue for petrol, gas in Sri Lanka amid warnings of food shortages

Finance ministers and central bank governors of the United States, Japan, Canada, Britain, Germany, France and Italy - the G7, agreed on...

Economy

19 May 2022

Money for Ukraine Priority in G7 Agenda; Inflation, Food a Concern

News article in McDonald’s website confirms that after more than 30 years of operations in the country, McDonald’s Corporation...

Economy

17 May 2022

McDonald’s To Exit from Russia after 30 Years of Service in the Country

The United Arab Emirates has introduced an unemployment insurance plan to aid its citizens and residents who lose their jobs...

Economy

13 May 2022

UAE Unveils Unemployment Insurance Plans for Emiratis and Residents

Hong Kong is quickly turning into a must-watch market with a clouding financial outlook marred by the U.S. Federal Reserve’s tightening...

Economy

13 May 2022

Hong Kong Turns into World’s Must-Watch Market with the Mounting Financial Strain

On Wednesday, Norway revealed its plans to broaden its coastal wind energy initiative by 2040 in its efforts to adopt greener and more...

Economy

11 May 2022

Norway to Step up Offshore Wind in Efforts to Promote Sustainable Energy