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Sunday, September 25, 2022

Tag: economic news

Oil down over demand woes as China goes under fresh lockdowns

World (The Times Groupe)- Oil prices declined on Friday as a result of China's new zero-COVID policy, with both benchmarks still at 3-month highs.

Turkish inflation soars to 74%, highest since 1998

Istanbul (The Times Groupe)- Annual inflation rate in Turkey has hit a 24-year high of 73.5% in May, fueled by the war in Ukraine, rising energy prices, and a tumbling lira -- though the figure is lower than economists had predicted.

G7 to provide $19.8bn in economic aid to Ukraine

World (The Times Groupe)- The Group of Seven (G7), the world largest economies agreed Friday to provide $19.8bn to Ukraine to ensure its finances do not hinder Ukraine's defense against Russia.

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