Economy

Brussels: Europe formally and dramatically entered into recession on Friday, with the latest data released by the European Union showing that the 19-member...

Brussels: The eurozone's economy took an unprecedented hit due to coronavirus pandemic, with the bloc's GDP contracting by 12.1 per cent in the...

Washington: The US economy saw the sharpest contraction in decades between April and June as the country grappled with the fallout of COVID-19 lockdowns,...

London: Loss after economic loss rolled in on Thursday as global companies and national governments reported record-low financial results for the second...

Washington: The US Federal Reserve on Wednesday kept its benchmark interest rate unchanged at the record-low level of near zero while warning that a recent...

The Oman government is amidst its mission to integrate the state-owned oil and petrochemical companies. In their most recent announcement, the government...