Energy Prices
UK Inflation Hits 3.5% as Government Borrowing Soars to £24.5bn
The United Kingdom is facing renewed economic pressure after annual inflation climbed to 3.5% in September, while government borrowing reached £24.5 billion, adding...
Trump Waives Key Russia Sanctions and Tariffs Ahead of New Law
U.S. President Donald Trump has waived key Russia-related sanctions and tariffs before they could take effect, citing the national interest of the United...
IMF Raises 2026 Global Growth Forecast to 3.1% as AI Investment Supports Expansion
The International Monetary Fund (IMF) has raised its forecast for global economic growth in 2026 to 3.1 per cent, up from its previous...
Saudi Arabia Faces Economic Contraction as War Woes Mount
Saudi Arabia is facing growing economic challenges amid the impact of regional conflict, raising concerns about economic growth, investor confidence, and stability across...
UN Warns Developing Economies Face Triple Shock from Energy Prices, El Niño and Rising Debt Costs
Developing countries are facing mounting economic pressure from rising energy prices, extreme weather risks and higher borrowing costs, with the United Nations warning...
UN Warns Global Economic Growth Will Slow to 2.6% in 2026
Global economic growth is expected to slow to 2.6% in 2026 from 2.9% in 2025, as the energy shock linked to the Middle...
Trump’s Iran War Set to Complicate UK Budget, Minister Warns
The economic fallout from the conflict between the United States and Iran is expected to make next month’s UK budget more difficult, with...
UK Inflation Rises to 3.1% as Bank of England Weighs Rate Decision
UK inflation rose to a five month high of 3.1% in August, up from 2.9% in July, according to official figures released on...
