A recession in Germany, the euro zone’s biggest economy, is increasingly likely and inflation will continue to accelerate and could peak at more than 10 per cent this autumn, the Bundesbank said in a monthly report on Monday.

Britain recorded its biggest fall in output in more than 300 years in 2020 when it faced the brunt of the Covid-19 pandemic, as well as a larger decline than any other major economy, updated official figures showed on Monday.

Oil prices were largely steady on Monday as a relatively tight global supply picture competed with fears of a recession and a rising dollar.

Britain will recruit health professionals from Nepal under its first labour agreement with the Himalayan country, officials said on Monday, helping Britain offset a labour gap while Nepal bids to boost remittances from migrant workers.

China cut its benchmark lending rate and lowered the mortgage reference by a bigger margin on Monday, adding to last week’s easing measures, as Beijing boosts efforts to revive an economy hobbled by a property crisis and a resurgence of Covid cases.

Argentine Economy Minister Sergio Massa signed an agreement with the Development Bank of Latin America (CAF) for six loans worth $740 million on Friday, the Economy Ministry said in a statement, as Argentina tries to reverse a severe fiscal deficit and foreign currency shortage.

A charge to fund gas imports into Germany to boost national stocks has been set at 0.59 euro per megawatt hour (MWh), gas market operator Trading Hub Europe said on Thursday, feeding into a sharp rise in consumer energy costs.

S&P joined Fitch in upgrading Ukraine’s credit rating on Friday after the war-torn nation last week secured a two-year reprieve on its foreign debt from creditors.

Britain’s slide towards a recession has gathered momentum after data this week showed inflation jumping above 10 per cent, wages lagging far behind price growth and consumer confidence sinking to a record low.

Japan’s core consumer prices for items excluding fresh products rose 2.4 per cent on-year in July, the highest in more than seven years and marking four straight monthly gains of more than two percent, government data showed Friday.

The owners of private inland container depots (ICDs) raised tariffs for handling export laden containers by 25 per cent due to price hike of the diesel.

The inflationary pressure in Bangladesh will not ease anytime soon as the commodity prices will continue to spiral in the days to come, experts said today.

Indian Oil Corporation Ltd (IOCL) will be required to pay various charges and give bonds to transit petroleum from Meghalaya to Tripura through Bangladesh, according to a notification from the National Board of Revenue (NBR) at the end of last week.

Seven out of 10 Germans are using less energy due to decades-high inflation in Europe’s largest economy while half are spending less on leisure activities, according to a new survey.

The UK government has blocked Hong Kong-based firm Super Orange from purchasing British electronic-design company Pulsic, citing security risks posed by China.

Turkey’s central bank on Thursday stunned the markets by lowering its main interest rate even as inflation soared to a 24-year high and looks set to climb further.

Sri Lanka will ask Japan to invite the Indian Ocean island’s main creditor nations, including China and India, to talks on bilateral debt restructuring as it seeks a way out of its worst economic crisis in decades, its president said on Thursday.

The frontrunner to be Britain’s next prime minister Liz Truss said her government’s defining mission would be to revive the economy as she set out a series of measures to help parts of northern England.

Germany’s Chancellor Olaf Scholz will sign a deal to establish hydrogen supply chains with Canada during his two-day visit to the country next week, officials said, as Berlin accelerates its green transition to reduce dependence on Russian gas supplies.

Shamla Yoosoof, an investment researcher from Colombo, left Sri Lanka with her three-year-old son and a jam-packed suitcase, swapping economic chaos at home for a new start in Dubai.