Unemployment rises to 4.6%, but a September interest rate hike still looks likely
Unemployment rose to 4.6% in August, new Australian Bureau of Statistics figures show. That’s the highest it’s been…
StanChart and Absa lose grip as homegrown lenders gain
Multinational banks operating in Kenya have failed to keep pace with the rapid expansion of their homegrown rivals,…
Dow Drops 352 Points as Inflation Worries Rise
Pressure from the US bond market hit a new level on Wall Street after a surprisingly strong…
South Korea keeps fuel cheap for holidays as fiscal cost mounts
With millions of South Koreans set to hit the road this week during a three-day public holiday, the…
UK flash PMI signals slower growth and rising inflation in September
Flash PMI data signalled a disappointing combination of sluggish economic growth and intensifying inflationary pressures in September, with…
Karahan says disinflation continues despite challenging conditions
ISTANBUL Turkish Central Bank Governor Fatih Karahan said the country’s disinflation process remains on track despite more…
OECD lifts Türkiye inflation forecasts, lowers growth outlook
The Organization for Economic Co-operation and Development (OECD) lifted its 2026 and 2027 inflation forecasts for Türkiye on…
India GDP growth forecast: Global agencies see India’s growth ringing louder; raise FY27 GDP forecasts on upbeat demand and investment sentiment
India’s growth outlook received a broad-based upgrade from multiple global institutions, with the Asian Development Bank, Organisation for…
Led by China and US borrowing, the world now owes a record US$365 trillion debt: IIF
Global debt climbed to a record high of more than US$365 trillion in the first half of the…
Startup EnerVenue Wins First Major Battery Storage Deal in China
(Bloomberg) — Battery-storage startup EnerVenue Holdings has signed its first major commercial contract with a Chinese oil and…
OECD sees Turkish growth at 2.7 percent in 2026
ISTANBUL The Organization for Economic Cooperation and Development (OECD) has trimmed its growth outlook for Türkiye while raising…
Global Inflation to Linger and Fed to Hike Again, OECD Says
(Bloomberg) — Inflation around the world will be faster than forecast in 2027, an outlook that necessitates more…