Japan is making arrangements to lift a cap on foreign tourists by October, as the government wants to remove other remaining issues to foreign tourism at the same time. The report comes from Nikkei, although it didn’t state where it...

Britain’s currently fragile economy is being tested following a renewed decrease in consumer spending amid the soaring cost of living. This could continue as the nation mourns the death of Queen Elizabeth II. The next several days could be a...

Russia’s government officials have admitted that the country’s economy is facing a serious challenge. The officials stated that the economy is facing a much deeper recession following the sanctions by the Western government. At the moment, the impact of the...

Saudi Arabia’s Ministry of Economy and Planning, Faisal Al-Ibrahim, said the Kingdom is more committed to realizing the 17 UN Sustainable Development Goals. He added that the Kingdom will foster global cooperation while speaking at the G20 development ministers’ meeting...

In the past, Australians have one of the highest credit cards spend rates, as purchases with credit cards equaled a record high 20% of GDP in 2008. However, consumers are gradually moving away from expenses from credit cards, which have...

September 8, 2022, will forever be remembered in British history. It’s the day its longest-reigning monarch passed away. Queen Elizabeth’s death did not come at an economically right time. It was the same week its new Prime Minister Liz Truss...

Treasury Secretary Janet Yellen has lauded the economic policies of Biden’s administration, saying it has helped the US to deal with economic issues. She particularly cited the CHIPS and Science Act, the bipartisan infrastructure law, and the Inflation Reduction Act...

Russia’s invasion of Ukraine, coupled with the continuing impacts of the pandemic has hit countries across the globe. However, Europe seems to be the worst hit as governments try to fight off rising inflation. The increased energy costs and the...

Saudi Arabia’s oil and gas sector has always been the propeller of its economy. But the non-oil sector has peaked in performance over the past months. A recent report revealed that the Kingdom’s non-oil sector hit a 10-month high in...

China has embarked on the upgrade of its manufacturing industry as it plans to expand its economy even further. One of the manufacturing bases at Goertek in Weifang City has already assembled tonnes of components into Virtual Reality (VR) equipment....

The UK has been enduring a leadership vacuum for some months, following Boris Johnson’s announcement that he was stepping down. The country has skidded towards a recession caused by surging energy bills and rising inflation. Households and businesses in the...

European markets have been hit following the decision of Russia’s energy giant Gazprom to halt its supply to Europe. The Pan-European Stoxx 600 fell by 1.2% early afternoon in London after recouping some of its earlier losses. Oil and gas...

Several European countries are mapping out plans to protect their economies from going into recession as inflation keeps biting harder. Sweden, Germany, and the Czech Republic have announced measures to tackle rising inflation following the continuous rise in energy and...

India has become the fifth largest economy in the world, overtaking the United Kingdom in the process, according to Bloomberg. The latest figures citing India’s GDP from the IMF show that the second most populous country in the world has...

Forex brokerage firm Admirals has announced its financial results for the first half of the year. According to the report, the firm saw a massive improvement across key components of its business. Admirals Records €43  As Net Operating Revenue The...