Oil has been falling for four out of five last weeks Keystone pipeline shut, Russia threatens to cut output LONDON, Dec 12 (Reuters) – Oil prices steadied on Monday after several weeks of declines as a weakening global economy offset supply woes stemming from the closure of a key pipeline supplying the United States and...Read More

UK economy grew 0.5% in October Breaking: The UK economy returned to growth in October. GDP is estimated to have grown by 0.5% in October 2022, the Office for National Statistics reports, following a fall of 0.6% in September 2022, which was affected by the additional bank holiday for the State Funeral of HM Queen...Read More

Fears are growing over the state of the UK economy as it emerged that the manufacturing sector shrank by about 4% this year and is forecast to decline by a further 3.2% in 2023. Increasing raw material costs, sagging consumer demand, staff shortages and higher borrowing costs have collectively formed the perfect storm for the...Read More

The captain of the Dambulla Aura, Dasun Shanaka, has been fined for showing dissent to the on-field umpire during a LPL game played between the Dambulla Aura and Colombo Stars on December 8, 2022, at MRICS, Hambantota. Accordingly, the Match Referee has imposed a US $3,000 fine on the player, which is equivalent to 40...Read More

Economists are starting to worry about the sustainability of high levels of debt as global interest rates rise sharply. A credit crunch could fuel “the mother of all economic crises,” Nouriel Roubini warned last week. Some experts have compared the current situation to the structural issues that triggered the 2008 financial crash. Loading Something is...Read More

The UK will look to form long-lasting partnerships with Latin American, Asian and African countries, the foreign secretary will say next week. James Cleverly will give his first major speech at the Foreign Office on Monday, and will call for alignment with increasingly influential countries in the three regions. This includes states that are not...Read More

(Bloomberg) — Peru’s new President Dina Boluarte named a US-educated economist who has spent most of his career at the central bank as economy minister, as she tries to restore calm after the turmoil of recent days. Most Read from Bloomberg Alex Contreras was deputy economy minister under former President Pedro Castillo, who was ousted...Read More

QCOSTARICA – “Seems like the colon (Costa Rica’s currency) is one of the strongest in the world. Few have gained so much against the US dollar. Absolutely amazing,” writes long-term resident Pete King on the Facebook group Gringo Expats in Costa Rica. “I remember when the Ccolon lost a little every day against the (U.S.)...Read More

Several Republicans, however, have said they do not feel the same urgency to take up the debt limit, amid a December pileup of unfinished legislative work. In the evenly divided Senate, at least 10 Republicans would need to join Democrats to ensure such a measure could advance absent a move to use the reconciliation process....Read More

  Chinese Premier Li Keqiang attends the Seventh “1+6” Roundtable in Huuangshan of East China”s Anhui province December 9, 2022. [Photo/Xinhua[ Participants in the Seventh “1+6” Roundtable have agreed on the importance of working together and staying on the path of multilateral and international cooperation to address the many severe challenges facing the global economy...Read More