Economic Indicators News

Economic Indicators News

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22 Aug

UAE's non-oil trade grows 17% to top $288 billion in first half

UAE's Non-oil Trade Grows 17% To Top $288 Billion In First Half

. Buildings are seen at Sowwah Square on Marayah Island in Abu Dhabi's central business district May 7, 2013. /Ben JobCAIRO -The United Arab Emirates' non-oil trade hit 1.058 trillion dirhams ($288.06 billion) in the first half of 2022, up 17% from a year earlier, the vice president said on Monday in a tweet. The Gulf country's non-oil trade half-year topped 1 t

22 Aug

Major Chinese banks urged to maintain stable loan growth, central bank says

Major Chinese Banks Urged To Maintain Stable Loan Growth, Central Bank Says

. Headquarters of the People's Bank of China (PBOC), the central bank, is pictured in Beijing, China September 28, 2018. /Jason LeeHONG KONG Major Chinese financial institutions will have to lead the way in maintaining the stable growth of total loans and protecting the reasonable financing needs in the real estate sector, China's central bank said in a statem

22 Aug

UAE vice president: non-oil trade at 1.58 trillion Dirhams in H1/22

UAE Vice President: Non-oil Trade At 1.58 Trillion Dirhams In H1/22

. Buildings are seen at Sowwah Square on Marayah Island in Abu Dhabi's central business district May 7, 2013. /Ben JobCAIRO The United Arab Emirates non-oil trade hit 1.58 trillion Dirhams in the first half of 2022, climbing by 17% from same period last year, the gulf country's vice president said on Monday in a tweet.

22 Aug

UK economy shrank record 11% in 2020, worst since 1709

UK Economy Shrank Record 11% In 2020, Worst Since 1709

2/2Reuters. A person points to the City of London financial district from a viewing platform in London, Britain, October 22, 2021. /Hannah McKay2/2LONDON 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

22 Aug

Ukraine agricultural exports may reach 4 million T in Aug after unblocking of sea ports

Ukraine Agricultural Exports May Reach 4 Million T In Aug After Unblocking Of Sea Ports

. A pilot boat guides the Panama-flagged bulk carrier ship, the Navi Star as it arrives at Foynes Port delivering 33,000 tonnes of Ukrainian corn to Ireland after departing Odessa following the formation of the Black Sea Grain Initiative, in Foynes, IrelandKYIV Ukraine's agricultural exports are likely to rise to around 4 million tonnes in August from 3 million tonnes in July th

22 Aug

German exports beyond the EU slump in July

German Exports Beyond The EU Slump In July

. A container ship leaves the port in front of famous landmark Philharmonic Hall in Hamburg, Germany March 11, 2020. /Fabian BimmerBERLIN German exports beyond the European Union fell by 7.6% on the month in July, the Federal Statistics Office said on Monday, marking a weak start to the second half in the engine room of Europe's largest economy. The decline ca

22 Aug

Philippines' Marcos seeks record $94 billion budget for 2023

Philippines' Marcos Seeks Record $94 Billion Budget For 2023

. Philippine President Ferdinand "Bongbong" Marcos Jr. speaks during a change of command ceremony at Camp Aguinaldo, Quezon City, Philippines, August 8, 2022. Ezra Acayan/Pool via REUTERSMANILA Philippine President Ferdinand Marcos Jr asked Congress on Monday for a record 5.29 trillion pesos ($94.40 billion) government budget in 2023 to support an ambitious policy ag

22 Aug

Exclusive-U.S. commits to Afghan asset talks despite frustration with Taliban - sources

Exclusive-U.S. Commits To Afghan Asset Talks Despite Frustration With Taliban - Sources

. A man rides a bike in front of the Bank of Afghanistan in Kabul, Afghanistan October 8, 2021. /Jorge Silva/File PhotoBy Jonathan Landay WASHINGTON U.S. President Joe Biden's administration will press ahead with talks on releasing billions of dollars in Afghanistan's foreign-held assets despite the late al Qaeda leader's presence in Kabul and foot-dragging by

21 Aug

Britain's borrowing rises as PM contenders promise more help

Britain's Borrowing Rises As PM Contenders Promise More Help

2/2Reuters. The skyline of the City of London and the Canary Wharf financial district is seen in London, Britain May 6, 2016. /Stefan Wermuth/File Photo2/2By William Schomberg LONDON -Britain borrowed more than expected in July, official data showed, underscoring the challenge facing the country's next prime minister over how to provide more support to consumers hit by

21 Aug

Euro zone current account swings back to a surplus in June

Euro Zone Current Account Swings Back To A Surplus In June

. A container ship leaves the port in front of famous landmark Philharmonic Hall in Hamburg, Germany, March 11, 2020. /Fabian Bimmer/File PhotoFRANKFURT The euro zone's current account swung back to a small surplus in June on an improvement in the trade of services and higher primary income, which includes earning from investments abroad, European Central Bank

21 Aug

Online discounts boost struggling UK retailers in July

Online Discounts Boost Struggling UK Retailers In July

2/2Reuters. Shoppers walk on Oxford Street, as rules on wearing face coverings in some settings in England are relaxed, amid the spread of the coronavirus disease (COVID-19) pandemic, in London, Britain, January 27, 2022. /Toby Melville2/2By David MillikenLONDON -British shoppers spent more than expected last month after being enticed by online shopping deals, official figures sho

21 Aug

Canadian retail sales unexpectedly strong in June, but July drop looms

Canadian Retail Sales Unexpectedly Strong In June, But July Drop Looms

. People are seen shopping at a supermarket in Ottawa, Canada July 13, 2022. /Patrick Doyle/File PhotoBy Julie Gordon OTTAWA -Canadian retail sales rose 1.1% in June, easily beating forecasts, on pricier gasoline and higher sales at car dealerships, Statistics Canada data showed on Friday, but sales were seen falling in July. Analysts surveyed by had expected retail

20 Aug

North Korea imports of Chinese masks, gloves surged before declaring COVID victory

North Korea Imports Of Chinese Masks, Gloves Surged Before Declaring COVID Victory

. Volunteers carry out disinfection work during an anti-virus campaign in Pyongyang, North Korea in this image released by North Korea's Korean Central News Agency (KCNA) on March 4, 2020. BEIJING North Korea imported more than 1 million facial masks and 15,000 pairs of rubber gloves from China in July, shortly before declaring victory over COVID-19, Chinese trade sh

20 Aug

China's July marine fuel exports up 13.22% from June

China's July Marine Fuel Exports Up 13.22% From June

. Containers are seen at the Yangshan Deep Water Port, part of the Shanghai Free Trade Zone, in Shanghai, China February 13, 2017. /Aly Song/File PhotoChina's exports of very-low-sulphur marine fuel rebounded 13.22% in July versus June as the country's merchandise exports recovered, but still stood nearly 9.69% below the year-ago level, customs data showed on

20 Aug

China's July Russian coal imports hit 5-yr high as West shuns Moscow

China's July Russian Coal Imports Hit 5-yr High As West Shuns Moscow

. Imported coal is seen lifted by cranes from a coal cargo ship onto a truck at a port in Lianyungang, Jiangsu province, China July 26, 2018. Picture taken July 26, 2018. /Stringer SINGAPORE China's coal imports from Russia jumped 14% in July from a year earlier to their highest in at least five years, as China bought discounted coal while Western countries sh

20 Aug

'The paycheck has died': Argentine workers hold funeral for wages

'The Paycheck Has Died': Argentine Workers Hold Funeral For Wages

5/5Reuters. Demonstrators carry a coffin during a symbolic funeral for their wages, as they march towards the Casa Rosada Presidential Palace, in Buenos Aires, Argentina August 19, 2022. /Agustin Marcarian2/5By Horacio Soria BUENOS AIRES Some women wore black funeral attire and sported flower crowns. Other people in the procession in Buenos Aires carried a gigantic coffin. But t

19 Aug

Biden climate law could expand controversial biogas industry

Biden Climate Law Could Expand Controversial Biogas Industry

. U.S. President Joe Biden is applauded by U.S. Senator Joe Manchin (D-WV), Senate Majority Leader Chuck Schumer (D-NY) and other attendees after signing "The Inflation Reduction Act of 2022" into law during a ceremony in the State Dining Room of the White By Leah Douglas WASHINGTON U.S. President Joe Biden's climate law could help to expand a burgeoning but controversial indust

19 Aug

Mexico June retail sales fall 0.3% from May

Mexico June Retail Sales Fall 0.3% From May

. A vendor chats with a customer at a stall in an outdoor market in Mexico City, Mexico January 23, 2022. /Luis Cortes/File PhotoMexican retail sales fell 0.3% in June from May, the national statistics agency said on Friday. Sales increased 4.0% percent in June compared to the same month a year earlier.

19 Aug

German dependence on China growing 'at tremendous pace', research shows

German Dependence On China Growing 'at Tremendous Pace', Research Shows

. A container of China Shipping is loaded at a loading terminal in the port of Hamburg Germany July 27, 2018. /Fabian Bimmer/File PhotoBy Klaus Lauer BERLIN The German economy became more dependent on China in the first half of 2022, with direct investment and its trade deficit reaching new heights, despite political pressure on Berlin to pivot away from Beiji

19 Aug

German dependence on China growing "at tremendous pace" - IW

German Dependence On China Growing "at Tremendous Pace" - IW

. A container of China Shipping is loaded at a loading terminal in the port of Hamburg Germany July 27, 2018. /Fabian Bimmer/File PhotoBERLIN The German economy became more dependent on China in the first half of 2022, with direct investment and its trade deficit reaching new heights, despite political pressure on Berlin to pivot away from Beijing, according t

19 Aug

U.K. Retail Sales Rise by 0.3% in July - ONS

U.K. Retail Sales Rise By 0.3% In July - ONS

. By Scott Kanowsky  -- U.K. retail sales unexpectedly grew slightly in July compared to the prior month, recovering from two previous monthly declines, as a surge in online shopping outweighed a heatwave-driven slide in car fuel demand.Retail sales volumes rose by 0.3%, according to data from the U.K. Office for National Statistics, following downwardly revised falls of 0.2% in June and

19 Aug

German Producer Prices Accelerated Again in July, Rising 37% on Year

German Producer Prices Accelerated Again In July, Rising 37% On Year

. By Geoffrey Smith -- German industry's problems got a lot worse in July, as energy shortages and lingering post-pandemic effects drove a new surge in producer price inflation.Factory gate prices rose a whopping 5.3% on the month, the biggest single gain since the Federal Republic started compiling its data in 1949. Prices were up 37.2% on the year, badly disappointing hopes for a slowdow

19 Aug

Strikes bring London's transport network to a halt

Strikes Bring London's Transport Network To A Halt

. A train timetable information message is displayed, as rail workers in Britain strike over pay and terms, at Waterloo Station in London, Britain, August 18, 2022. /Toby MelvilleLONDON -London's transport network ground to a halt on Friday as train and bus workers held strikes over pay and conditions, the latest in a summer of labour market disputes as double-digit inflati

19 Aug

Strikes to bring London's transport network to a halt

Strikes To Bring London's Transport Network To A Halt

. A train timetable information message is displayed, as rail workers in Britain strike over pay and terms, at Waterloo Station in London, Britain, August 18, 2022. /Toby MelvilleLONDON London's transport network will grind to a halt on Friday as tube and bus workers strike over pay and conditions, the latest in a summer of labour market disputes as double-digit inflation

19 Aug

Japan Inflation Hits over 7-Year High on Rising Fuel, Food Costs

Japan Inflation Hits Over 7-Year High On Rising Fuel, Food Costs

. By Ambar Warrick -- Japan’s core consumer price index (CPI) rose to an over seven-year high in July, amid rising fuel prices and a widening trade deficit. Core CPI rose to an annual rate of 2.4% in July, compared to a 2.2% rate in June, data from the Statistics Bureau showed on Friday. The reading was in line with expectations.But the data also marks a fourth straight month where the