Economy
Eurozone to likely grow at a rate of 0.3 percent during the second quarter
The country's foreign exchange reserves rose by $5.3 billion, or 0.9 percent, from May 10 to May 17
In January 2023, the UAE agreed to roll over an existing $2 billion loan and provide an additional $1 billion to Pakistan
34 percent of CEOs identify AI as the top theme for business tranformation
The country has maintained robust foreign exchange reserves, low public debt and a prudent fiscal position
Consumer price inflation came in higher than expected at 4.0 percent in the first quarter of the year
Services inflation eased only slightly to 5.9 percent from 6 percent, missing the 5.5 percent forecast
Italy's economic activity expanded 0.9 percent in 2023 and 0.6 percent in Q1 of 2024
Motor vehicle and parts output saw a 2 percent decline last month after increasing 2.8 percent in March
The projected inflation rate for 2024 has been revised upwards to 3.70 percent
Africa's transformation is crucial for the continent to catch up with other regions globally
The main drivers of the CPI increase were the rising costs of shelter (up 0.4 percent) and gasoline (up 2.8 percent)
Saudi minister highlights the Kingdom's status as the fastest-growing economy over the past six years
ECB's review shows lenders were not adequately weighing up risks before granting a mortgage
Inflation remains the most important concern when operating a small business in the U.S.
An Education Task Force will be also established to promote cooperation in higher education
Import prices in yen increased 6.4 percent annually in April and 1.4 percent compared to March
Spain's FertigHy pledges a 1.3 billion euro investment in a low-emission plant in northern France
Microsoft announced an investment of $4.3 billion in the country
Decline in manufacturing and services activity raises recovery concerns
Goods trade deficit decreased to $22.94 million, down from the previous year's $113.83 million
This was primarily attributed to increased expenditures aimed at strengthening the ongoing economic recovery
Potential shocks to agriculture, global food prices and oil production remain a risk to Nigeria's growth
