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UK inflation edges down to 10.5pc in December, food prices surge

British inflation eased last month after hitting a 41-year high...

1.0pc people own more than 40pc of India’s wealth: Oxfam

India's top 1 per cent owned more than 40.5 per...

China’s economic growth falls to 3.0pc, gradually reviving

China's economic growth fell to its second-lowest level in at...

Russia's falling oil revenues could create vicious circle for budget, rouble

Russia's attempts to plug its budget deficit by selling foreign...

India writes to IMF backing Sri Lanka's debt restructuring plan

India has told the International Monetary Fund (IMF) it will...

Sri Lanka to cut recurrent budget expenditure by 6pc in 2023

Sri Lanka's cabinet said on Tuesday that it will cut...

China's 2022 economic growth one of the worst on record, post-pandemic policy faces test

China's economic growth in 2022 slumped to one of its...

EU's record recovery fund at risk as countries struggle to meet deadline

The risk that European Union governments will not be able...

Rate rises could add $8.6t to global borrowing costs: S&P

Central bank rate rises could land global borrowers with $8.6...

Pakistan’s forex reserves fall by $1.23 billion

The State Bank of Pakistan (SBP) announced that its foreign...

‘US labour markets, consumer demand remains strong despite increase in interest rates’

International Monetary Fund Managing Director Kristalina Georgieva said on Thursday...

Argentina's inflation rate at 95pc, highest since 1991

Argentina's annual inflation hit its highest rate in more than...

China's exports, imports shrink again in December

China's exports shrank sharply in December as global demand cooled,...

China's on the move again, economic outlook brightens

Residents of China are increasingly on the move after the...

Environment risks dominate in ‘polycrisis’ world: WEF survey

Failure to tackle climate change and environmental degradation dominate the...

WB lowers sees India growth forecast to 6.6pc in FY24

India's economic growth will slow to 6.6 per cent in...

Global economy could easily tip into recession in 2023: World Bank

The World Bank slashed its 2023 growth forecasts on Tuesday...

China central bank to support private firms, ease tech crackdown

China's central bank will step up support for private firms...

Argentina and China formalise currency swap deal

Argentina and China have formalised the expansion of a currency...

Pakistan's finance minister to meet IMF in Geneva, with bailout stalled

An International Monetary Fund (IMF) delegation will meet Pakistan's finance...

India to host virtual summit of about 120 developing countries in January

India will host a virtual summit of around 120 developing...

How strained China-Australia relations hit trade in coal, barley, beef and wine

China is resuming coal trade with Australia after a three-year halt following strained relations between the two countries over wider...

Indian economic growth to slow to 7.0pc

India's government expects economic growth to slow in the financial...