Europe's inflation falls to a two-year low. It offers confidence, but rising oil prices are imminent.

Inflation, which has been a problem for Europeans, fell sharply in September to the lowest level in two years, strengthening hopes that consumers will get relief from costlier groceries, vacations, and haircuts - and that the European Central Bank won't have to further restrict the economy by...

Germany and Central Asian republics express enthusiasm for 'Middle Corridor' plans to strengthen their relations.

As EU member states strive to garner geopolitical friends in the region, Germany's Chancellor Olaf Scholz hosted leaders from the five Central Asian republics for their very first summit on Friday. The meeting was held in Germany.

Leaders from Kazakhstan, Kyrgyzstan, Tajikistan, Tur...

Kiren Rijiju has been dared by the Congress to disclose the names of ministers who have travelled to Manipur since the outbreak of violence.

Since the violence in Manipur broke out 97 days ago, the Congress has challenged Union Minister Kiren Rijiju to provide data on his statements that Prime Minister Narendra Modi has requested central ministers to visit the Northeast every 15 days. Rijiju made these statements while speaking in the...

The European Central Bank raises interest rates by a quarter percentage point and predicts that inflation will remain 'too high for too long'

The European Central Bank announced a new quarter-point rate increase on Thursday, bringing its key rate to 3.75 percent.

The most recent action concludes a full year of consecutive rate increases in the euro zone, which the ECB began in July to combat high inflation.

"In...

The G7 finance ministers' meeting is overshadowed by banking crisis concerns.

Against the backdrop of concerns of a bank-led global financial crisis, the Group of Seven finance ministers and central bank governors meeting, which begins on Thursday, is anticipated to concentrate on strengthening the financial system.

Ahead of next week's G7 leaders’ summ...

Gold has its finest week since mid-January thanks to a weaker dollar.

On the back of a weaker dollar as investors weighed the next move of the U.S. central bank in policy, gold prices climbed to their highest level in nearly two weeks on Friday and are set for their biggest weekly gain since mid-January.

Gold hit its best level since February 20 at $1,847...

The Fed has approved the smallest rate raise since March, in response to an improved inflation outlook.

The Federal Reserve unanimously authorized a quarter-point interest rate hike on Wednesday, reducing the pace of its increases in a clear hint that the central bank is making progress in its war against inflation. The decision, made at the conclusion of the Federal Open Market Committee's fir...

Response Strategies Developed by China and Korea Against COVID-19

After receiving a report from the Central Disease Control Headquarters titled "The COVID-19 Trend in China and Response Plan," the Central Disaster and Safety Countermeasures Headquarters (CDSCHQ) discussed the implications of the epidemic (headed by Korea Disease Control and Prevention...

Experts disagree about Korea's plan for removing the indoor mask requirement.

The mandate for indoor masks was gradually phased out, according to a detailed roadmap released by the administration on Friday. It may have been done away with by the end of January, at the earliest. One of Korea's final COVID-19 restrictions, the indoor mask regulation, is still in place, a...

Why is the Bank of Japan taking this stance on interest rates?

The Bank of Japan has maintained its position despite interest rate increases by the Federal Reserve and other central banks across the world in an effort to reduce inflation.

Japan's benchmark interest rate has been negative 0.1% since 2016. The third-largest economy in the world h...

Powell, the Fed's chairman, discovers inflation to be a more obstinate foe than expected.

The central bank chief is balancing between managing inflation and precipitating a recession.

Whiplash, to say the least.

The Federal Reserve raised interest rates for the fourth time in a row on Wednesday, coupled with a statement that Wall Street read as a signal that it mig...

The restaurant on wheels' concept is expanding to four additional Central Railway stops.

Central Railway's mobile restaurants have been so popular that they are expanding to serve the Akurdi, Chinchwad, Miraj, and Baramati stations.

Akurdi, Chinchwad, Miraj, and Baramati are set to get mobile restaurants from Central Railway after their initial success.

Under ...

The head of Germany's central bank has said that higher interest rates in the eurozone are "required"

The head of the German central bank, the Bundesbank, stated on Saturday that higher interest rates are required in the eurozone, whose central bank has joined others around the world in boosting rates to calm prices.

Some European Central Bank officials believe that the instability of t...

Seoul's Central District Gets Its First Hydrogen Fueling Station

On Friday, the Environment Ministry announced the debut of South Korea's first hydrogen charging station in the city's central business district.

Because hydrogen is a cleaner fuel option than fossil fuels, the Korean government has been making concerted efforts to promote the h...

Retail CBDC pilot to be started by Bank of Thailand

The retail Central Bank Digital Currency (CBDC) pilot programme, slated to run from late 2022 to mid-2023, has officially begun, according to the Bank of Thailand.

The study, which will concentrate on the growth of retail CBDC and its potential effects across the banking sector, will ma...

UAE economy is expected to have its greatest expansion in 11 years with an 8.2% first-quarter growth

The central bank anticipates GDP growth of 5.4% this year and 4.24% in 2023.

Due to increasing oil prices and efforts to lessen the effects of the Covid-19 outbreak, the UAE economy expanded by 8.2% in the first three months of this year, marking the country's greatest quarterly gro...

Healthcare workers in Zimbabwe are on strike over pay and the country's inflation crisis

Striking workers held signs and danced outside Zimbabwe's key hospitals, including Parirenyatwa in Harare, one of the country's largest referral hospitals, and Sally Mugabe Central Hospital, also in Harare, seeking better pay.

Dr Tapiwanashe Kusotera, the leader of Health Apex, ...

The European Central Bank (ECB) has released its bug report on the proposed EU Artificial Intelligence Act

Grace is a lifelike robot nurse created with artificial intelligence to provide emotional support to patients during a pandemic and make them feel at peace.

Artificial intelligence (AI), a self-teaching system that recognises patterns in previous data, is pervasive in all aspects of lif...

Despite rising inflation, the UAE's economy is on track for 4.2 percent GDP growth, according to the Central Bank

According to the UAE Central Bank's latest quarterly economic assessment, the UAE is on pace to reach the 4.2 percent growth predicted for 2022, even as inflationary pressures rise. It expects real GDP to grow by 2.3 percent in 2021, up from 2.1 percent previously predicted.

CBUAE m...

Singapore Central Bank’s Guidelines Discourage Crypto Trading

On Monday, the Monetary Authority of Singapore issued guidelines limiting the promotional activities of the cryptocurrency trading service providers for the general public. The MAS intends to protect retail investors from potential risks by doing so.

Singapore is home to a number of cry...