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" Inflation"

934 results

Business - Markets & Companies
11/30/2022 2:34:13 PM
The global inflationary wave and its severe repercussions on the prices of commodities and services in the Egyptian market are the main challenges Fawry and other e-payment and digital finance solutions companies have been facing since the onset of the Russia-Ukraine conflict, Fawry CEO Ashraf Sabry said.

Business - Economy
11/30/2022 1:08:29 PM
The Eurozone annual inflation rate slowed to 10 percent in November, falling for the first fall in 17 months, the EU statistics agency said Wednesday.

World - International
11/30/2022 11:59:49 AM
Britain's government on Wednesday rejected union pay demands after ambulance workers joined nurses in voting to go on strike.

Business - Economy
11/28/2022 10:07:34 PM
The Egyptian economy is expected to achieve an overall growth of around five percent by the end of the current fiscal year (FY) 2022/2023, surpassing earlier international expectations, Minister of Planning and Economic Development Hala El-Said has noted.

Advertising - Advertisement
11/27/2022 12:00:56 PM
The CBE’s 200 bps policy rate hike aligned with our previously announced expectations of a 200 bps interest rate increase before year-end, which should help contain inflation, which reached 15.0% in September, and makes carry-trade more attractive.

Business - Economy
11/24/2022 10:48:48 AM
A majority of US Federal Reserve policymakers found that a slower pace of interest rate hikes would "likely soon be appropriate," the central bank said Wednesday.

Business - Economy
11/22/2022 7:11:38 PM
World economic growth is slowing due to decades-high inflation, the OECD said Tuesday, calling for "essential" further monetary policy tightening and "more targeted" government support.

Sports - Omni sports
11/22/2022 7:01:46 PM
The operating budget for the 2024 Paris Olympics is expected to go up by 10%, in part because of high inflation, organizers said Tuesday.

Business - Energy
11/22/2022 4:23:11 PM
Italy's new far-right government unveiled its first budget on Tuesday, with most of the nearly 35 billion euros in spending for 2023 going on the energy crisis rather than flashy electoral promises.

Business - Economy
11/22/2022 4:22:15 PM
British state borrowing jumped last month on fallout from costly energy support and soaring inflation, official data showed Tuesday.

Business - Economy
11/22/2022 12:34:31 PM
Hobbled by high interest rates, punishing inflation and Russia's war against Ukraine, the world economy is expected to eke out only modest growth this year and to expand even more tepidly in 2023.

Business - Economy
11/21/2022 6:42:50 PM
Britain needs more migrant labor to boost productivity as it faces a toxic mix of soaring inflation and shrinking growth, the country's main business lobby group warned Monday.

Business - Economy
11/18/2022 3:13:10 PM
Eurozone banks are set to pay back on Friday just under 300 billion euros ($311 billion) in cheap loans paid out by the European Central Bank, the institution said, as it looks to ease sky-high inflation.

Business - Markets & Companies
11/17/2022 10:31:15 PM
Stocks fell on Wall Street and Treasury yields rose Thursday afternoon after more indications from the Federal Reserve that it may need to raise interest rates much higher than many people expect to get inflation under control.

Business - Economy
11/14/2022 12:56:15 PM
Fitch Solutions has revised up its projections for Egypt’s real GDP growth in 2022 by 0.3 percent to 6.62 percent from 6.59 percent it projected in October, according to its latest update on its monthly MENA Economic Outlook Report.

Business - Economy
11/14/2022 11:33:01 AM
Asian shares were mixed in Monday trading as momentum faded from last week's rally on Wall Street amid varied sentiments about coronavirus restrictions easing in China and global interest rate increases.

World - International
11/13/2022 12:29:04 PM
Britain's government on Sunday warned of impending tax hikes, especially for the wealthy, as it bids to repair economic havoc wrought by the short-lived tenure of former prime minister Liz Truss.

World - International
11/11/2022 5:54:22 PM
The European Union's executive commission slashed its forecast for economic growth next year, saying the 19 countries that use the euro currency will slide into recession over the winter as peak inflation hangs on for longer than expected and high fuel and heating costs erode consumer purchasing power.

Business - Economy
11/11/2022 3:20:36 PM
The EU warned Friday the eurozone was set to fall into recession this winter as Brussels hiked inflation forecasts for 2022 and 2023 on the back of high energy prices.

Business - Economy
11/11/2022 2:26:22 PM
Britain's economy shrank in the third quarter as inflation soars, official data showed Friday, likely confirming it is already in a recession, dealing a fresh blow to new Prime Minister Rishi Sunak.

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