On Monday a United Nations agency warned that central banks pursuing policies of monetary tightening could trigger a global recession that will have especially devastating consequence to developing nations, and…

Ambassador at large of Russia’s Foreign Ministry Pavel Knyazev revealed this week the BRICS countries are working to establish a new reserve currency they can use to facilitate trade, which…

The first package of emergency measures to tackle the rapidly growing energy crisis in Europe were approved by EU energy ministers on Friday. Negotiated in under a month, the package…

Eurozone inflation came in at 10% year over year in September, a new record high which will almost assure aggressive action by the European Central bank at their upcoming meeting.…

Chinese Vice Commerce Minister Wang Shouwen said in a press conference Tuesday that China is seeing a gradually declining demand for goods as the global economy slows. However he still…

German inflation was on the rise in September, coming in at 10.9%, up from 8.8% in August, according to the latest data released from the Federal Statistical Office (Destatis). The…

As the global economy hurtles to a recession, experts are noting India is unusually well positioned to avoid being plunged into similar economic straits, due to the nations’ decoupling from…

Germany’s food producers are warning that rising energy prices may soon force them to shut their doors. The German Frozen Food Institute and the Association of German Cold Storage and…

Analysts are warning that Germany’s economy is beginning to throw out recessionary signals. For the fourth month in a row now, the German IFO survey of business confidence, a key…

Skyrocketing energy bills are threatening to shutter over 100,000 businesses in Italy, according to Carlo Sangalli, head of the Italian business association Confcommercio. In an interview with news outlet Corriere…