BRUSSELS: Inflation in the eurozone soared to a new record high in January, official data showed on Wednesday, adding pressure on the European Central Bank ahead of a monetary policy meeting this week. The figure hit 5.1 per cent last month, a first since the official Eurostat agency started to compile the data in 1997. … Read more
FRANKFURT: Soaring inflation will be in focus when European Central Bank governors meet on Thursday, as the threat of war in Ukraine risked further fuelling already sky-high energy prices in the region. Prices rose in the eurozone at an annual rate of five per cent in December, the highest value on record for the currency … Read more
DOHA: Qatar has approved its budget for the 2022 fiscal year, Arab News quoted the country’s Minister of Finance Ali Al Kuwari said in a press conference. Revenues are expected to amount to 196 billion riyals ($53.8 billion), a 22.4 per cent rise compared to last year’s budget estimates, Asharq reported. Estimates for the budget were made while assuming … Read more
BRUSSELS: Eurozone inflation surged to its highest rate on record in November, fuelled by soaring energy prices, official data showed on Tuesday. Consumer prices picked up to 4.9 per cent from 4.1 per cent in the previous month, the highest reading since the official statistics agency Eurostat began compiling the data more than 20 years ago. … Read more
