ECB’s Schnabel: “More hiking is needed to get to 2%.”
European Central Bank (ECB) Executive Board member Isabel Schnabel said on Wednesday that from the present perspective, further…
Cuba Announces Sweeping Overhaul of Struggling Communist Economy, But Obstacles Remain
The Cuban economy is in shambles, power outages can last 30 hours, and the Trump administration, with a…
Energy use in the services sector up by 1.7% in 2024 – News articles
In 2024, total final energy consumption in the EU services sector was 4 971 petajoules (PJ), slightly up…
Falling Oil Prices Could Fuel Inflation, Apollo’s Torsten Sløk Says
Oil prices are pulling back toward pre-war levels, but one economist doesn’t see the move as a reason…
Federal Government Approves New Petrol Import Permits to Boost Supply
The new permits are expected to provide marketers with additional opportunities to source petroleum products while helping to…
Venezuela plans biggest debt restructuring in history after Maduro’s fall
The figure blows all forecasts out of the water. Venezuela is set to acknowledge a debt of close…
Alberta separation could prompt potential $62B economic hit, business exodus: Calgary Chamber report
A new report released Wednesday by the Calgary Chamber of Commerce claims Alberta separation from Canada could spur…
Core prices in Japan continue to keep above 2% in May, according to BOJ data
Core inflation is seen at 2.7% in May, after the 2.8% estimate in April. However, the more important…
News of the day: Global imbalances, hydrogen pivot, Canadians flying south, AI strategy tax mistakes, Ontario quantum startup and more
Tiff Macklem, governor of the Bank of Canada during a news conference in Ottawa on June 10. (Credit:…
French economic outlook remains downbeat | articles
Business confidence in France edged up only marginally in June, rising by a single point to 94, still…
Saudi assets under management to exceed $400bn by 2027: Fitch
JEDDAH: Saudi Arabia’s asset management industry remained resilient during the Iran conflict, with assets under management surpassing $340…
UAE oil exports rebound to 85% of prewar levels despite Strait of Hormuz closure, IEA says
Oil exports from the UAE in early June recovered to reach nearly 85 per cent of prewar levels,…