Turkey’s annual inflation rate will enter a sharp downward trend as of December due to favourable so-called base effects and the fall will continue throughout 2023, Finance Minister Nureddin Nebati said on Tuesday.

The United Arab Emirates’ non-oil trade hit 1.058 trillion dirhams ($288.06 billion) in the first half of 2022, up 17 per cent from a year earlier, the vice president said on Monday in a tweet.

It was meant to be Europe’s stellar year. A post-pandemic spending euphoria, supported by copious government spending was set to drive the economy and help fatigued households regain a sense of normality after two dreadful years.

Business activity across the euro zone contracted for a second straight month in August as the cost of living crisis forced consumers to curtail spending while supply constraints continued to hurt manufacturers, a survey showed on Tuesday.

Oil rose $1 a barrel on Tuesday as tight supply moved back into focus as a result of Saudi Arabia floating the idea of Opec+ output cuts to support prices and the prospect of a drop in US crude inventories.

Growth in Britain’s private sector slowed to a crawl in August as factory output fell and the larger services sector eked out only a modest expansion, adding to signs that recession may be looming, a closely watched survey showed on Tuesday.

Mahtab Uddin Ahmed, former managing director and chief executive officer (CEO) of Robi Axiata, has filed a suit against the telecom operator, its board chairman and former group CEO seeking Tk 227 crore in retirement benefits and damages for 'wrongful dismissal'.

Britain recorded its biggest fall in output in more than 300 years in 2020 when it faced the brunt of the Covid-19 pandemic, as well as a larger decline than any other major economy, updated official figures showed on Monday.

Oil prices were largely steady on Monday as a relatively tight global supply picture competed with fears of a recession and a rising dollar.

Britain will recruit health professionals from Nepal under its first labour agreement with the Himalayan country, officials said on Monday, helping Britain offset a labour gap while Nepal bids to boost remittances from migrant workers.

China cut its benchmark lending rate and lowered the mortgage reference by a bigger margin on Monday, adding to last week’s easing measures, as Beijing boosts efforts to revive an economy hobbled by a property crisis and a resurgence of Covid cases.

Production in Turkey’s automotive sector jumped 37.4 per cent year-on-year in July to 93,659 vehicles, with exports climbing 16.2 per cent to 59,596, the Automotive Manufacturers Association (OSD) said on Monday.

A recession in Germany, the euro zone’s biggest economy, is increasingly likely and inflation will continue to accelerate and could peak at more than 10 per cent this autumn, the Bundesbank said in a monthly report on Monday.

Japan’s core consumer prices for items excluding fresh products rose 2.4 per cent on-year in July, the highest in more than seven years and marking four straight monthly gains of more than two percent, government data showed Friday.

Argentine Economy Minister Sergio Massa signed an agreement with the Development Bank of Latin America (CAF) for six loans worth $740 million on Friday, the Economy Ministry said in a statement, as Argentina tries to reverse a severe fiscal deficit and foreign currency shortage.

A charge to fund gas imports into Germany to boost national stocks has been set at 0.59 euro per megawatt hour (MWh), gas market operator Trading Hub Europe said on Thursday, feeding into a sharp rise in consumer energy costs.

S&P joined Fitch in upgrading Ukraine’s credit rating on Friday after the war-torn nation last week secured a two-year reprieve on its foreign debt from creditors.

Britain’s slide towards a recession has gathered momentum after data this week showed inflation jumping above 10 per cent, wages lagging far behind price growth and consumer confidence sinking to a record low.

The owners of private inland container depots (ICDs) raised tariffs for handling export laden containers by 25 per cent due to price hike of the diesel.

The inflationary pressure in Bangladesh will not ease anytime soon as the commodity prices will continue to spiral in the days to come, experts said today.