ADB cuts Asia Pacific 2026 growth forecast to 4.9%
MANILA, PHILIPPINES / MENA Newswire / – The Asian Development Bank cut its 2026 growth forecast for developing Asia and the Pacific to 4.9%. The...
Tag : energy prices
Nikkei falls as caution returns to Tokyo stocks
TOKYO: Japan’s Nikkei share average fell on Thursday as investors pulled back after a powerful relief rally, with renewed concern over Middle East tensions and higher oil prices...
EU plans gas law extension and target reduction
EU lawmakers adopt flexible gas storage rules to stabilize prices and extend the EU scheme until 2027, lowering mandatory fill targets to 83% for winter...
UK inflation rises to 3% in January, surpassing expectations
UK inflation surged to 3% in January, surpassing forecasts, with rising transport and food costs fueling the increase, according to the Office for National Statistics....
US inflation persists as Trump’s tariff threats add economic concerns
Core inflation stayed at 2.8% in December, aligning with expectations but above the Fed’s target. Rising energy costs and tariff threats pose risks to price...
Natural gas prices surge 20 percent on forecast for colder January
Natural gas prices surged up to 20%, reaching their highest in nearly a year, as forecasts predict below-average January temperatures across the U.S. East Coast,...
New York, L.A., and San Francisco among the world’s most expensive
In the latest revelations from the Economist Intelligence Unit’s (EIU) Worldwide Cost of Living report for 2023, an intriguing trend has emerged: the United States...
European Union sees trade surplus after six quarters of deficit
After a string of six quarters in the red, the European Union’s trade balance has swung back into surplus, largely attributed to a dip in...