Economy
World / Countries / MNCs
New York: Rising inflation has caused a striking decline in real monthly wages in many countries, the International Labour Organization (ILO) said in a report published on Wednesday, highlighting the urgent need for policies to prevent further poverty, inequality and social unrest. more
UK: Inflation rate touches record high in October

London: The UK's inflation rate touched a record  11.1 percent in October, as per data released by  Office for National Statistics.

Global jobs market set to deteriorate amid Ukraine war shocks: ILO

New York: The outlook for global labour markets has worsened in recent months and if current trends continue, vacancies will grow more scarce while global jobs growth will deteriorate sig ...

Sri Lanka food inflation peaks to 86pc

Colombo: The nationwide food inflation in Sri Lanka has peaked to 85.8 per cent in September, up from 84.6 per cent in August, it was reported on Wednesday.

Human rights: Inflation threatens everyone’s right to development

Rising global inflation is expected to hit emerging and developing economies particularly hard this year, adding to a “confluence of crises” that threatens us all, the UN&rsqu ...

Pakistan: August inflation spikes to 27.26pc, highest in 49 years

Data released by the Pakistan Bureau of Statistics (PBS) on Thursday showed the country's  inflation measured by the Consumer Price Index (CPI) shot up to 27.26 per cent year-on- ...

Inflation in Austria to exceed 7 pct for first time since 1970s oil crisis

Vienna: Austria's inflation rate this year will peak at 7.6%, hitting the record since the global oil crisis of 1970s, according to an inflation forecast published by the Austrian Nat ...

Kuwait, Qatar feeling burning heat of rising inflation

Doha: Qatar, a major nation in the Middle East, is also facing the same crisis as faced by several nations across the globe as retail inflation showed an upward trend in May.

Rising caseloads, disrupted recovery, higher inflation: New IMF forecast

The institution now expects the global economy to expand from a 5.9 per cent increase in 2021 to 4.4 per cent this year. The number is half a percentage point lower than predicted in Octo ...

Pakistan's inflation rate hits 12.3 pc

Islamabad/UNI: The inflation in Pakistan increased in December by 12.3 per cent, highest in nearly two years, according to media report on Sunday.