Browsing: Economy

Retail sales dropped by 0.3% in January from a healthy 0.9% jump in December which was led by holiday season sales, Statistics Canada said

France’s finance ministry expects the public sector budget deficit to overshoot its 2024 target by a wide margin if no corrective action is taken

By 1240 GMT, the rouble was 0.6% weaker against the dollar at 92.65 and had lost 0.1% to trade at 100.22 versus the euro

NEW YORK/LONDON – The dollar headed toward a second week of gains on Friday, after a slight rate hike in Japan gave the yen a slight reprieve and a surprise cut in Switzerland highlighted the gap in interest rate policy between the Federal Reserve and other central banks.

Yellen said the funding would make the United States the largest supporter of the IMF’s Poverty Reduction and Growth Trust

Congo has been reeling in Peru’s No. 2 copper spot over recent years, with flagging mining investment in Peru linked to red tape and recent political turmoil and protests

Global investors are now scrutinising companies for their environmental, social, and governance records. Nigeria, Africa’s largest economy and biggest oil exporter, has struggled to attract investments

The project will provide funds to businesses to recover and increase resilience in the food sector to withstand future shocks, including natural disasters and climate change.

The indicator reflects the growth in various sections such as “Mining and quarrying” 82.46%, “Manufacturing” 15.85%, “Electricity, gas, steam, and air conditioning supply” 1.16%, and “Water supply” 0.53%

The struggling German economy will likely end the first quarter of the year in recession, and is not expected to recover for the rest of 2024, the central bank warned in a monthly report published on Monday.