Monday, 17 January 2022

Tag Archives: economy

Euro-Area Economy Gets Higher Inflation But Weaker Growth

Bloomberg: A bumper day of euro-area economic releases showed the region’s vital signs remain good, if not great. The region’s economic expansion entered a sixth year but growth slowed to just 0.3 percent, the weakest in two years. Inflation accelerated further above the European Central Bank’s goal, though that was ...

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Sri Lanka waives debt for 200,000 women in drought areas

COLOMBO: Sri Lanka announced it would waive debts for 200,000 women unable to repay microfinance loans and cap lending rates after a number of borrowers in drought-hit areas killed themselves. Government spokesman Rajitha Senaratne said women in a dozen districts who had taken small loans from microfinance institutions would have ...

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FATF decides to keep Pakistan on grey list

PARIS: Pakistan has been added to the grey list of countries involved in aiding financial assistance to terrorism money laundering after a Wednesday meeting of the Financial Action Task Force on Money Laundering (FATF) confirmed the decision. Interim minister of finance, Dr Shamshad Akhtar, briefed FATF of the steps which ...

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EU adopts plastics strategy

BRUSSELS: The first ever Europe-wide strategy on plastics has been adopted today (16 January) as part of what the EU describe as a “transition towards a more circular economy”. Under the new plans, all plastic packaging on the EU market will be recyclable by 2030, the consumption of single use ...

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UK economy grew by 0.6% in Q4 2017

MANCHESTER: The National Institute of Economic and Social Research (NIESR), Britain’s oldest independent research institute, said on Wednesday it believes gross domestic product in the UK rose by 0.6% in the fourth quarter. Britain’s monthly growth rates have lagged those of the eurozone and US so far in 2017, yet the ...

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Spanish economy posts best quarterly growth since 2014

MADRID: Spain’s robust three-year economic recovery picked up momentum in the second quarter, notching up its best growth performance since 2014. GDP in the eurozone’s fourth largest economy expanded by 0.9 per cent in the three months to June, up from 0.8 per cent at the start of the year, ...

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UK economy grows by 0.6% in fourth quarter

LONDON: Strong consumer spending helped the UK’s economy to grow faster than expected at the end of last year. The economy grew by 0.6% in the October-to-December period, the same rate as in the previous two quarters, according to an initial estimate from the Office for National Statistics. The figure ...

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Fed up British middle classes backing Brexit

MILTON KEYNES: It’s got money, jobs and it voted Brexit: the town of Milton Keynes near London represents a slice of middle-class voters fed up with a political elite ignoring their concerns. Just as in the United States, it was not just struggling blue-collar workers fed up with the flip side ...

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