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Keywords: Economic recovery
Bahrain has confirmed that it has not drawn on its $5.3 billion currency swap agreement with the United Arab Emirates, despite mounting economic pressure linked to regional instability. Speaking to Reuters, Noor bint Ali Alkhulaif said the financial arrangement remains untouched as the kingdom continues......
The eurozone's services sector remained in contraction in June, but the pace of decline slowed significantly as inflationary pressures eased at a record rate, helping stabilize business activity across the currency bloc. According to the latest S&P Global Purchasing Managers' Index (PMI)......
The International Monetary Fund (IMF) has indicated its readiness to advance a credit support programme for Malawi, while stressing that continued financial assistance will depend on the government’s commitment to implementing key economic reforms. The statement comes as discussions progress between......
The United States economy recorded a stronger pace of growth in the first quarter of 2026, according to data released by the Department of Commerce, signaling a gradual recovery following the disruptions caused by a prolonged federal shutdown in the previous year. The final estimate of gross domestic......
Germany’s economic recovery is expected to remain weak and gradual, as high energy and commodity costs continue to pressure growth, according to the country’s economy ministry. In its latest monthly report, the ministry indicated that the German economy is likely to expand only modestly......
Brazil’s economy is expected to have recorded stronger growth during the first quarter of 2026, supported mainly by improved industrial activity and resilient performance in the services sector. Economic analysts forecast that the country’s Gross Domestic Product (GDP) expanded more rapidly......
Japan recorded economic growth of 0.5% during the first quarter of 2026, according to preliminary official data released on Tuesday, surpassing analysts’ expectations. The Japanese economy had previously expanded by 0.2% during the final quarter of 2025, while economists had forecast growth of......
Starbucks has announced the elimination of approximately 300 corporate positions in the United States as part of a broader restructuring plan aimed at improving operational efficiency and restoring long-term profitability. The company confirmed that several regional support offices across the country......
Greece’s banking sector has made significant progress since the financial crisis of the early 2010s, but challenges remain when it comes to financing economic growth, according to a recent blog analysis by economists from the European Central Bank. After years of instability, Greek banks have......