The Asian Development Bank cut its 2026 growth forecast for developing Asia and the Pacific to 4.9%. The bank cited prolonged global energy disruption and softer demand in parts of the region. The projection stands...
Tag : energy prices
TOKYO: Japan’s Nikkei share average fell on Thursday as investors pulled back after a powerful relief rally, with renewed concern over Middle East tensions and higher oil prices prompting a more defensive tone across the Tokyo market. The...
The United Kingdom's inflation rate rose to 3% in January, surpassing analyst expectations of 2.8%, according to data released by the Office for National Statistics (ONS) on Wednesday. The increase marks a sharp rise from...
Inflation in the United States remained persistent in December, with a key gauge monitored by the Federal Reserve rising 2.6% year-over-year, up from 2.4% in November. Core inflation, which excludes volatile food and energy prices,...
Natural gas futures surged as much as 20% on Monday, reaching their highest levels in nearly a year, as updated weather forecasts predicted a colder-than-usual January across the U.S. East Coast. February contracts rose approximately...
In the latest revelations from the Economist Intelligence Unit's (EIU) Worldwide Cost of Living report for 2023, an intriguing trend has emerged: the United States is home to some of the planet's most expensive cities....
After a string of six quarters in the red, the European Union's trade balance has swung back into surplus, largely attributed to a dip in energy prices. This is as per the findings from Eurostat,...