Government measures to ban auto imports and raise prices are hurting car sales. Auto financing was Rs. 361 billion in July 2022. But compared to the same time last year, it has gone up by 15%. The government’s efforts to stop auto industry imports and rising prices have started to hurt car sales, as shown … Read more
The Office for National Statistics said that the economy expanded by 0.5 percent in May. Every sector of the economy saw growth, including manufacturing, transport, and construction. There is still a real risk that the UK could enter recession, according to chief economist Paul Dales. According to official data, the UK economy expanded in May … Read more
Turkey raises minimum wage by 30% in response to rising living costs. Official inflation rate surpasses 70% for the second time in six months. President Erdogan has stated that the government will continue to protect the public from the escalating cost of electricity and other essentials. Turkey increased its minimum wage for the second time … Read more
Non-oil private sector activity in Egypt contracted for an 18th month in May. Ukraine crisis, import restrictions, and a devalued currency put pressure on prices. S&P Global Egypt Purchasing Managers’ Index rose to 47.0 from 46.9 in April. Non-oil private area movement in Egypt contracted for an eighteenth month in May as the Ukraine emergency, … Read more
SUMMERVILLE (United States): It had been a challenging day on the road and Desi Wade was ready for dinner. But as he pulled into a truck stop, Wade encountered a familiar frustration in the overstressed industry. The parking lot was jammed with other 18-wheelers, leaving just one narrow spot that the 50-year-old secured after several minutes … Read more
