3 min read

Economy
Gas prices are posted at a full-service gas station in California, the United States, November 7, 2021.

Oil prices hit 7-year high amid tight supply

Brent crude oil hit $88.13 a barrel and US Texas Intermediate crude prices reached $85.74 a barrel

 3 min read

Economy
A shipment of cars and trucks sits inside PortMiami in Florida, the United States, December 16, 2021.

US consumer prices surge, inflation close to peaking

In 12 months through December 2021, the CPI rose seven percent, the biggest increase since 1982

 3 min read

Economy
Rows of young trees make up a small orchard in New Mexico, United States, on December 23, 2021.

World food prices hit decade peak in 2021

The Food and Agriculture Organization’s food price index averaged 125.7 points in 2021

 2 min read

Economy
A 'We're hiring' sign hangs on the wall of a Target store on December 03, 2021 in Miami, Florida, United States.

US jobless claims drop below 200,000

The numbers imply that the rapidly-spreading omicron variant has yet to trigger a wave of layoffs

 2 min read

Economy
US Dollar banknotes and Turkish Lira banknotes in Istanbul, Turkey, December 7, 2021.

World economic output set to surpass $100 tln for first time

China is also expected to lag slightly in surpassing the United States as the world’s largest economy

 3 min read

Economy
Federal Reserve Chairman Jerome Powell appears during a Senate Banking Committee hearing on Capitol Hill in Washington, United States, November 30, 2021.

Federal Reserve to stiffen inflation response

Employment in the US, as well as inflation rates, blew past the Fed’s most recent projections

 3 min read

Economy
Economists of Germany's top economic research institutes (L-R) Heiner Mikosch, Oliver Holtemoeller, Timo Wollmershaeuser, Roland Doehrn and Ferdinand Fichtner present their spring report on April 14, 2016 in Berlin, Germany.

Covid, supply chain issues to slow Germany's economy in 2022

For 2021 as a whole, Germany's economic growth is set to come out at 2.5 percent

 3 min read

Economy
IMF Managing Director Kristalina Georgieva speaks during a panel discussion at the COP26 UN Climate Summit in Glasgow, Scotland, on November 3, 2021.

IMF chief says China's economic growth 'slowing notably'

Georgieva praises China's economic recovery, but notes 'growth momentum has been slowing notably'

 2 min read

Economy
Goldman Sachs CEO David Solomon attends a discussion on "Women Entrepreneurs Through Finance and Markets" at the World Bank on October 18, 2019 in Washington DC, US.

Goldman Sachs reduces US GDP growth forecast over omicron

Goldman Sachs lowered their full year US GDP growth predictions to 3.8 percent

 2 min read

Economy
Tourists visit Luxor Temple on November 26, 2021, one day after the reopening ceremony of the Avenue of Sphinxes commonly known as El Kebbash Road in Luxor, Egypt.

Pandemic to cost global tourism $2 trillion in 2021: UN

Sector struggling to recover from health crisis as situation remains 'very unpredictable'

 3 min read

Economy
The sun sets behind an idle pump jack near Karnes City, USA, on April 8, 2020.

US challenges OPEC+ with release of oil from reserves

The move is an effort to cool oil prices as OPEC+ producers ignore calls to pump more crude oil

 3 min read

Economy
People stand in the lobby of JPMorgan Chase headquarters in New York, May 11, 2012.

JPMorgan sues Tesla for $162m

JPMorgan is accusing the electric car company of “flagrantly” breaching a contract related to stock warrants

 2 min read

Economy
The McKesson corporate headquarters is seen in San Francisco, California, US, on June 4, 2003.

McKesson, drug firms face $95 billion opioid crisis trial

Washington was one of eight states which elected not to join a $26 billion nationwide settlement

 2 min read

Economy
In this file photo taken on April 22, 2021, an American Airlines plane takes off from the Los Angeles International Airport in the United States.

US travel sector braces for influx of vaccinated visitors

Lack of travel from the restricted regions led to an estimated $300 billion in lost income for the US

 3 min read

Economy
An American Airlines aircraft flying over Gloster City, New Jersey approaches Philadelphia International Airport, Pennsylvania, October 22, 2021.

American Airlines cancels 1,400 flights due to staff shortages

The major US airline canceled 376 flights on Friday, 551 on Saturday, 480 on Sunday

 2 min read

Economy
Traders work on the floor of the New York Stock Exchange (NYSE) on October 25, 2021 in New York City.

Covid delta wave slowed third quarter economic growth in US

However, economists are confident growth will pick up at the end of 2021

 2 min read

Economy
Pedestrians walk past a gas station in Paris on October 2, 2021.

Fuel crisis smites China’s economy, threatens Europe’s firms

The fuel crisis is threatening supply chains around the world

 1 min read

Economy
Commissioner for Energy Kadri Simson holds a press conference after the College of Commissioners' meeting on energy prices in Brussels on October 13, 2021.

EU reveals 'targeted' measures to ease energy prices

The Commission also urged EU countries to make it easier for consumers to have access to energy information

 2 min read

Economy
In this file photo taken on May 18, 2021 International Monetary Fund (IMF) Managing Director Kristalina Georgieva speaks during a joint press conference in Paris.

IMF supports chief against tampering allegations

Georgieva embraced the IMF's decision and denounced allegations against her as 'unfounded'

 2 min read

Economy
Christmas sweaters in a Walmart in Pennsylvania, US, November 28, 2019.

US holiday purchases to be hit by delays and price hikes, says Fed official

Federal Reserve official calls for more to be done to boost the workforce