UN flags global economy operating near stagnation
NEW YORK: The global economy is experiencing a period of subdued economic performance marked by weak momentum and limited expansion, according to the latest assessment by the United...
Tag : economic slowdown
U.S. job market shows signs of strain in April
Weekly jobless claims in the United States rose sharply to 241,000 for the week ending April 26, reflecting an increase of 18,000 from the prior...
China’s factory activity contracts in January, marking economic challenges
China’s economic activity unexpectedly contracted in January 2025, marking a challenging start to the year for the world’s second-largest economy. Official data from the National...
Oil prices fall 1 percent amid weak economic data from US and Germany
Oil prices fell by approximately 1% on Monday during volatile trading, following weak economic data from the United States and Germany. The decline ended a...
Germany’s economic activity sees persistent decline amid weak manufacturing
Germany's economic contraction persisted in December, marking the sixth consecutive month of declining business activity, according to the HCOB German flash composite Purchasing Managers' Index...
Retailers warn of job losses following new UK budget tax hikes
The United Kingdom's retail sector is facing significant challenges following recent budget announcements, with increased financial pressures and a rise in insolvencies among retailers. The...
ECB lowers deposit rate to 3.5% as inflation nears target
MENA Newswire News Desk: In a move widely anticipated by economists, the European Central Bank (ECB) cut its key deposit rate by 25 basis points to...
Economic downturn hits China’s global standing
Despite meeting its 2023 growth target with a 5.2% increase in real GDP, China has encountered a notable economic setback. For the first time in...