Thursday, 18th August 2022
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economy

13 hours ago
Nigeria’s inflation rate has defied monetary tightening, hitting 19.64 percent in July, a level not seen in over one-and-a-half decades. This bombshell was dropped yesterday by the Statistician-General of the Federation and Chief Executive Officer, National Bureau of Statistics (NBS), Prince Semiu Adeniran, when he released the Consumer Price Index (CPI) for July 2022 in Abuja.
9 Aug
Kenyan voters head to the polls on Tuesday, with the high cost of living a pressing issue for the electorate. The global economic downturn is negatively impacting Kenya and the continent.
29 Jul
Researchers at Yale University say the Russian economy is suffering massive damage due to Western sanctions, despite Moscow downplaying the effect.
28 Jul
Nigeria’s economy witnessed some upheavals in the first half of the year; from rising energy costs and inflation to currency volatility, and lower revenue.
27 Jul
German businesses have been losing confidence in the current economic climate as growth prospects worsen. The ifo Institute that published the survey pointed to high energy prices.
5 Jul
The resignation comes at a time when the nation’s economy is staring at multiple challenges, from soaring inflation to critical shortages of items like diesel and fertilizers.
2 Jul
Who has got who over a barrel? G7 leaders are pushing the idea of capping the price they pay for Russian oil and gas, effectively forcing Moscow to choose whether to supply at a discount or cut off the revenue stream of its pipelines.
18 May
Japan's GDP fell at an annualised rate of 1 percent in the first three months of this year as the Omicron variant of the coronavirus hampered consumer spending. Rising commodity prices also weighed on businesses in the world's third-largest economy. Plus, as unemployment remains stable in France at 7.3 percent, a steelworks factory in the northern city of Dunkirk is offering a cash bonus to employees to encourage them to recruit family members.
16 May
New data shows China's economy cooled sharply in April, as many cities including Shanghai suffered Covid-19 lockdowns. Industrial output dropped nearly 3 percent compared to a year before, while retail sales slumped 11 percent. Meanwhile, global wheat prices jump after India announces a ban on exporting the grain due to damage from a heatwave. Finally, we see how tourists are returning to Barcelona. The development is good news for local businesses but could revive tensions over mass tourism.
1 May
French voters have re-elected Emmanuel Macron for another five-year term, handing him victory over far-right candidate Marine Le Pen for the second time in a row. So what's next for the French economy and the number one issue for voters, the cost of living crisis? Kate Moody asks Frederik Ducrozet, senior European Economist at Pictet Wealth Management.
23 Apr
Emmanuel Macron and Marine Le Pen have outlined differing visions for the French economy ahead of Sunday's election. The presidential candidates want to tackle the top issue for French voters: the rising cost of living. Daniela Ordonez, Chief French Economist at Oxford Economics, breaks down the different proposals and what they would cost the French state.
23 Apr
Emmanuel Macron and Marine Le Pen have outlined differing visions for the French economy ahead of Sunday's election. The presidential candidates want to tackle the top issue for French voters: the rising cost of living. Daniela Ordonez, Chief French Economist at Oxford Economics, breaks down the different proposals and what they would cost the French state.

Latest

8 hours ago
At least 26 people have died with several dozen injured amid separate forest fires raging across drought-hit northern Algeria. Most of the fatalities were near the border with Tunisia.
8 hours ago
Sources suggest Moscow fears a brain drain if too many Jewish citizens leave Russia for Israel. The Justice Ministry seeks the closure of the Russian branch of the Jewish Agency for Israel, and a court will now decide.
9 hours ago
Today, five years later, Patricia is not just the first and longest-standing cryptocurrency company, it has also ensured that hundreds of young people with a wide range of talents stay employed across five countries.
11 hours ago
On August 24, Angolan political parties are looking at the tightest race they have ever run in an election. DW explains who's running, what the issues are and why the contest is so intense this time.
11 hours ago
Coal is seeing a bit of a revival in Germany, with out-of-service power plants being placed back online as gas supplies from Russia fall. But bringing coal-fired plants back online is easier said than done.
12 hours ago
As German cities heat up, the federal government has announced plans to increase the number of public drinking fountains to help ease the impact of the changing climate. The plan also has other environmental benefits.