Turkey’s annual inflation at 73.5%, a 24-year high

Annual inflation in Turkey hit 73.5 per cent in May, the highest rate since 1998, according to official data released on Friday as a...

UN drops forecast for global economic growth in 2022 to 3.1%

The United Nations on Wednesday significantly lowered its forecast for global economic growth this year from 4% to 3.1%, saying the war in Ukraine...

Sri Lanka’s new PM to sell national airline, print money to pay salaries

Colombo, May 17: Sri Lanka’s new government plans to sell its national airline to stem losses, part of efforts to stabilize the nation’s finances...

This is how China’s Covid curbs add to global inflation risks

China’s lockdowns to contain Covid have snarled operations at the world’s largest port in Shanghai and stalled activity in major cities, affecting the supply...

High food and energy prices likely for three years: World Bank

Washington: April 27: The war in Ukraine will result in expensive food and energy for the next three years, the World Bank has warned, intensifying fears that...

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