The job market bounces back to pre-pandemic levels as South Korea records the largest job growth in 7 years.

South Korea records largest job growth in 7 years

US oil prices rose sharply yesterday climbing above $81 a barrel for the first time in two months. Crude closed at $81.22 a barrel, up nearly four percent on the day now it's the highest level for oil since November.

US crude oil prices climb to two-month high

Sri Lanka continues to plunge deeper into financial crisis as inflation rises to record level. Country's former Prime Minister Ranil Wickremesinghe speaks to WION about the worsening crisis.

Ruling govt's decision to reduce VAT escalated crisis, says Ranil Wickremesinghe

2022 was expected to be the year of recovery. The beginning has been shaky though, the surge in cases has led to disruptions. Financial bodies are revising their estimates, and governments are lowering their projections.

IMF had predicted the global economy to grow by 4.9% in 2022

The Pakistan government is under fire once again. This time it is about concealing his party's foreign funding from the election commission. According to a damning media report, the PTI and staff party underreported an amount of 312 million Pakistani rupees.

Pakistan: Imran Khan's Party under scrutiny over ‘Concealed Foreign Funding’

The number of Americans voluntarily quitting their jobs has surged to a record 4.5 million in November.

US: Rise in number of Americans quitting their jobs in the world's largest economy

Apple has become the world's first company to hit a three trillion dollar stock market value, as investors are bullish on iPhone makers' future prospects and are hopeful that the US firm will keep launching best-selling products.

Apple's shares peak for the second day after touching $3 trillion market value

US President Joe Biden’s disapproval ratings have hit a record high in December, according to a new poll, as the voters expressed frustration over his handling of Covid pandemic and the economy.

According to new CNBC/Change Research poll, 56 per cent of voters disapproved of Biden’s job, an uptick from 54 per cent in September and 49 per cent in April.

The December reading is the worst ratings of his presidency as he approaches the end of his first year in office.

His approval rating now stands at 44 per cent.

Also read |&nbsp;<a href="https://www.wionews.com/world/us-president-bidens-approval-ratings-continue-to-fall-show-opinion-polls-416925">US President Biden’s approval ratings continue to fall, show opinion polls</a>

The poll indicated that 60 per cent of respondents disapproved of Biden’s handling of the economy and 55 per cent disapproved of his pandemic response.

With regards to the economy, 72 per cent said they disapprove of Biden’s management of the price of everyday goods, and 66 per cent said they did not approve of the president's efforts to help their wallets.

Also read |&nbsp;<a href="https://www.wionews.com/photos/how-us-strategy-crumbled-in-afghanistan-as-bidens-approval-ratings-dive-406470">How US strategy crumbled in Afghanistan as Biden's approval ratings dive</a>

Additionally, 46 per cent of respondents said the stock market is doing “not so good” or “poor” despite one of the market's best years in decades, according to CNBC.

Regarding vaccine mandates, the survey also indicated that 50 per cent said Biden had gone too far. 26 per cent said the administration had the right approach, and 24 per cent said it had not gone far enough.

The survey included 1,895 respondents from Dec. 17 through Dec. 20. Its margin of error is plus or minus 3.1 percentage points.&nbsp;

Biden’s inability to garner credit for one of the stock market’s best years in living memory is symptomatic of a larger problem for Democrats in 2022: The party can’t seem to convince voters that things are better than they were 12 months ago, the CNBC report concluded.

(With inputs from agencies)

US President Joe Biden’s disapproval ratings have hit a record high in December, according to a new poll, as the voters expressed frustration over his handling of Covid pandemic and the economy.

US President Joe Biden’s disapproval ratings have hit a record high in December, according to a new poll, as the voters expressed frustration over his handling of Covid pandemic and the economy. According to new CNBC/Change Research poll, 56 per cent of voters disapproved of Biden’s job, an uptick from 54 per cent in September and 49 per cent in April. The December reading is the worst ratings of his presidency as he approaches the end of his first year in office. His approval rating now stands at 44 per cent. Also read | US President Biden’s approval ratings continue to fall, show opinion polls The poll indicated that 60 per cent of respondents disapproved of Biden’s handling of the economy and 55 per cent disapproved of his pandemic response. With regards to the economy, 72 per cent said they disapprove of Biden’s management of the price of everyday goods, and 66 per cent said they did not approve of the president's efforts to help their wallets. Also read | How US strategy crumbled in Afghanistan as Biden's approval ratings dive Additionally, 46 per cent of respondents said the stock market is doing “not so good” or “poor” despite one of the market's best years in decades, according to CNBC. Regarding vaccine mandates, the survey also indicated that 50 per cent said Biden had gone too far. 26 per cent said the administration had the right approach, and 24 per cent said it had not gone far enough. The survey included 1,895 respondents from Dec. 17 through Dec. 20. Its margin of error is plus or minus 3.1 percentage points. Biden’s inability to garner credit for one of the stock market’s best years in living memory is symptomatic of a larger problem for Democrats in 2022: The party can’t seem to convince voters that things are better than they were 12 months ago, the CNBC report concluded. (With inputs from agencies)

Joe Biden’s disapproval ratings hit record low, voters unhappy with Covid handling, economy

Sri Lanka's financial woes have forced it to shut three diplomatic missions. With record-high inflation and depleting foreign reserves, Colombo is facing a financial meltdown. Reports suggest it could even go bankrupt by the end of 2022. Palki Sharma gets you a report.

Gravitas: Sri Lanka shuts 3 diplomatic missions as economic crisis gets worse

Morgan Stanley has agreed to pay 60 million dollars to settle a lawsuit by customers who said the wall street bank exposed their personal data.

Morgan Stanley has agreed to pay 60 million dollars to settle a lawsuit

New Year 2022 has begun with new hopes and expectations. Some analysts are hopeful, while others are cautiously optimistic about the year ahead.

The Year 2022 for financial markets amid the COVID-19 pandemic & Omicron mutant strain threat

The UK government has asked public sector managers to test their contingency plans against a worst-case scenario.

The UK government pushes for contingency plans against a worst-case scenario

Sri Lanka is facing crippling financial and humanitarian crisis with fears it could go bankrupt in 2022 as inflation rises to record levels, the Sri Lankan cabinet will take a decision on IMF bailout options.

Sri Lanka grapples with high inflation, will the island nation go for an IMF bailout?

The year 2021 began with hope for the aviation sector because the lockdowns were ending, but the same cannot be said about its end.

Aviation sector in the year 2021: wait continues for the international holidays

The world's economic output will exceed $100 trillion for the first time in the year 2022. A London based think tank CEBR has predicted China will become world's top economy in dollar terms by the year 2030.

The world's economic output will exceed $100 Trillion dollars in the year 2022

The world's economic output will exceed $100 trillion for the first time next year and it will take China a little longer than previously thought to overtake the United States as the No.1 economy, a report showed on Sunday.

British consultancy Cebr predicted China will become the world`s top economy in dollar terms in 2030, two years later than forecast in last year`s World Economic League Table report.

India looks set to overtake France next year and then Britain in 2023 to regain its place as the world's sixth-biggest economy, Cebr said.

"The important issue for the 2020s is how the world economies cope with inflation, which has now reached 6.8 per cent in the U.S.," said Cebr deputy chairman Douglas McWilliams.

"We hope that a relatively modest adjustment to the tiller will bring the non-transitory elements under control. If not, then the world will need to brace itself for a recession in 2023 or 2024."

The report showed Germany was on track to overtake Japan in terms of economic output in 2033. Russia could become a Top 10 economy by 2036 and Indonesia looks on track for ninth place in 2034.

The world's economic output will exceed $100 trillion for the first time next year and it will take China a little longer than previously thought to overtake the United States as the No.

The world's economic output will exceed $100 trillion for the first time next year and it will take China a little longer than previously thought to overtake the United States as the No.1 economy, a report showed on Sunday. British consultancy Cebr predicted China will become the world`s top economy in dollar terms in 2030, two years later than forecast in last year`s World Economic League Table report. India looks set to overtake France next year and then Britain in 2023 to regain its place as the world's sixth-biggest economy, Cebr said. "The important issue for the 2020s is how the world economies cope with inflation, which has now reached 6.8 per cent in the U.S.," said Cebr deputy chairman Douglas McWilliams. "We hope that a relatively modest adjustment to the tiller will bring the non-transitory elements under control. If not, then the world will need to brace itself for a recession in 2023 or 2024." The report showed Germany was on track to overtake Japan in terms of economic output in 2033. Russia could become a Top 10 economy by 2036 and Indonesia looks on track for ninth place in 2034.

World economy to top $100 trillion in 2022 for first time, India set to overtake France: Report

Amid the ongoing financial crisis, Sri Lanka's Agriculture Secretary made a controversial remark about food shortage and was replaced because of it.

Sri Lanka's Agriculture Secretary replaced after making a controversial statement on food shortage

China's central bank has cut its key interest rate in two years. This is in a bid to kick start growth in the world's no.2 economy after it got hit by the pandemic.

Chinese central bank cuts key interest rate

China's central bank cuts key interest rate to kick start growth

After witnessing a rapid fall, Turkish currency Lira bounces back owing to President Recep Tayyip Erdogan's economic measures.

After a series of economic measures by Turkish President Erdogan, currency Lira rallies

After a year full of regulatory crackdowns in 2021, China is expected to continue with crackdowns in 2022 as well.

China: After a year of unprecedented crackdowns in 2021, regulatory crackdowns expected to continue

Sri Lanka is going through a severe economic crisis. The island nation is struggling to import oil and thus resorted to price hikes to discourage consumption.

Sri Lanka hikes the oil prices to discourage consumption as it struggles to import them

The United Arab Emirates will shift to a working week of four and half days with a Saturday-Sunday weekend from the start of next year. This is to better align its economy with global markets. However, private companies are free to choose their own working week.

UAE to shift to working week of four and half days

India's economy has registered a decent recovery in the second quarter, the economy has grown by 8.4% in the June-September period and markets are on the upswing but for how long will this recovery going to stay? What is the outlook for next year in the midst of the Omicron variant?

India: Omicron variant and the economic recovery

With the projection of Omicron being a milder COVID variant than Delta and its limited impact on fuel demand, oil prices rise. Prices extend gain from last Friday.

Oil prices rise with Omicron's projected limited impact on fuel demand

After harsh criticism from Brazil's economy Minister, IMF pulls out of the country altogether. IMF had earlier predicted contraction in the economy.

IMF pulls out of Brazil after harsh criticism from Minister over economy contraction predictions

Turkish currency Lira plunges to a record low as Turkey cuts interest rate again for the fourth successive month.

Turkey cuts interest rate again for fourth successive month as currency Lira plunges to a record low

Firing the latest salvo in President Recep Tayyip Erdogan's economic war of independence, the central bank has cut interest rates once again, leading to a sharp fall in the Turkish currency Lira's value against the dollar.

Turkish lira plunges to new record low after Erdogan's latest rate cut

The United States Federal Reserve said that it would end its pandemic-era bond purchases in March and pave the way for three quarter-percentage-point interest rate hikes by the end of 2022 as the economy nears full employment and the US central bank copes with a surge of inflation.

US Federal Reserve signals three rate hikes in 2022 as inflation fight begins

As the US economy nears full employment and the Central bank copes with a surge of inflation, the central bank federal reserve would end its pandemic-era bond purchases.

United States: Fed signals three rate hikes in 2022

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South Korea records largest job growth in 7 years

US crude oil prices climb to two-month high

Ruling govt's decision to reduce VAT escalated crisis, says Ranil Wickremesinghe

IMF had predicted the global economy to grow by 4.9% in 2022

Pakistan: Imran Khan's Party under scrutiny over ‘Concealed Foreign Funding’

US: Rise in number of Americans quitting their jobs in the world's largest economy

Apple's shares peak for the second day after touching $3 trillion market value

Joe Biden’s disapproval ratings hit record low, voters unhappy with Covid handling, economy

Gravitas: Sri Lanka shuts 3 diplomatic missions as economic crisis gets worse

Morgan Stanley has agreed to pay 60 million dollars to settle a lawsuit

The Year 2022 for financial markets amid the COVID-19 pandemic & Omicron mutant strain threat

The UK government pushes for contingency plans against a worst-case scenario

Sri Lanka grapples with high inflation, will the island nation go for an IMF bailout?

Aviation sector in the year 2021: wait continues for the international holidays

The world's economic output will exceed $100 Trillion dollars in the year 2022

The world's economic output will exceed $100 Trillion dollars in the year 2022

World economy to top $100 trillion in 2022 for first time, India set to overtake France: Report

Sri Lanka's Agriculture Secretary replaced after making a controversial statement on food shortage

Chinese central bank cuts key interest rate

China's central bank cuts key interest rate to kick start growth

After a series of economic measures by Turkish President Erdogan, currency Lira rallies

China: After a year of unprecedented crackdowns in 2021, regulatory crackdowns expected to continue

Sri Lanka hikes the oil prices to discourage consumption as it struggles to import them

UAE to shift to working week of four and half days

India: Omicron variant and the economic recovery

Oil prices rise with Omicron's projected limited impact on fuel demand