On Thursday, the Beijing-controlled onshore yuan plunged to its lowest level against the dollar since 2007 as concerns over an impending economic slowdown were rekindled by falling Chinese exports.

Onshore yuan hits 2007 dollar low amid China slowdown fears: Report

Birmingham, the second-largest city in the United Kingdom with the country’s largest local authority, declared itself bankrupt, on Tuesday (September 5) after issuing a section 114 notice which indicates that it does not have enough resources to balance its books.

UK: Second-largest city Birmingham’s council declares itself bankrupt

The central bank in Turkiye has a difficult situation as it hikes interest rates to attempt to address a cost-of-living problem since inflation has escalated far quicker than projected, with the biggest increase since the beginning of 2022.

Turkey's central bank battles inflation

A wave of protests has gripped Syria people are frustrated with poor living conditions despite very high living costs.

Hundreds rally in southern Syria's biggest protest in weeks

Thousands of shopkeepers across Pakistan closed their businesses on Saturday, September 2, 2023 in a nationwide strike, expressing their discontent with surging energy and fuel costs.

Pakistan shopkeepers stage nationwide strike in protest against soaring inflation

Japan may be at an inflection point in its 25-year battle with deflation as price and wage rises show signs of broadening, the government said on Tuesday, signalling its conviction the economy was nearing an end to prolonged stagnation.

Japan at 'inflection point' in 25-year battle with deflation: Government

ITC Chairman and Managing director Sanijv Puri stated that the company is witnessing signs of volume growth as inflation begins to ease. He said that the trend is expected to continue over the forthcoming quarters, PTI reported.

 ITC CMD Sanjiv Puri sees signs of volume growth as inflation moderates

In an effort to address the soaring inflation, Turkey's Central Bank has taken the markets by surprise by raising its key interest rate by a substantial 750 basis points bringing it to 25%. This measure marks the highest level that the policy rate has seen since 2019.

Turkey raises inflation to 25% to tackle inflation

Turkiye’s central bank increased its benchmark interest rate by a higher-than-anticipated 750 basis points to 25 per cent on Thursday, igniting a rare lira rally and indicating a renewed commitment to combating rising inflation as part of a broader policy U-turn.

Turkish lira shoots up after a 25 per cent rate hike

The Indian Finance Ministry stated on August 22 that although food price increases may be “transitory”, India’s inflationary pressures are still ongoing. According to The Hindu report, the ministry attributed the most recent increase in headline inflation to global uncertainties brought on by the termination of the Black Sea Grain Initiative, which has disrupted supplies of wheat and edible oils as well as problems with domestic farm output.

Inflationary pressures may persist but food prices to stabilise: Indian finance ministry 

Pakistan's cup of woes is overflowing as the country's economy is in deep crisis - a never-ending nightmare for its citizens. The government was expecting help from IMF but it wasn't forthcoming. The Pakistani rupee is in free fall and inflation continues to spiral.

Over 4,50,000 Pakistanis leave nation for better life in 2023

It is late August, meaning that the annual conference of the Kansas City Fed, which will be attended by leading central bankers from all around the world is to take place in Jackson Hole.

All eyes now on Federal Reserve Chief Powell in Jackson Hole: Report  

The Pakistan rupee hit a new record low to 20% in 2023. There's no let up from the economic crisis as the country battles record-high inflation and falling foreign reserves.

Pakistan's rupee falls to a new record low, drops 20% low in 2023

China is in discussion to allow local governments to sell 1.5 trillion yuan ($295.9 billion) of special financing bonds to help with debt repayment for 12 regions, according to a report by Caixin.

China’s local governments will sell $206 billion to repay financing debt 

Inflation is soaring in India. Measures are being taken to control high prices. The Indian government is reportedly considering a plan to reduce taxes applicable on petrol.

Will the Indian government reduce taxes on oil to contain inflation?

In a bid to curb food inflation, the Indian government has imposed a 40% Duty on onion exports. The government's move is aimed at curbing the price of onions.

Onion price hike: India imposes 40% duty on onion exports

Target's recent earnings report provides valuable insights into the current state of the American economy and consumer behavior. The retail giant's performance sheds light on what people are buying and where sales have increased, reflecting broader economic trends and consumer sentiments.

Decoded: What Target's earnings say about the US economy

Is it time to rethink and recalibrate India's inflation and monetary policy trajectory? Are the markets and the central bank underestimating inflation risks again, as they did in 2021? Inflation has been India's bane for decades. But economists expect the recent surge in price pressures to be transitory.

India's inflation troubles persist

India’s retail inflation rose to a 15-month high in July on account of high prices of vegetables and other food items, official data showed on Monday (Aug 14). According to the data released by the National Statistical Office (NSO), retail inflation, as measured by the consumer price index, was 7.

India’s retail inflation in July soars to 15-month high of 7.44%

The cost of living crisis is forcing more university students to take on more hours in their part-time jobs, with most saying that supporting themselves is affecting their studies, according to a new study.

UK 'cost of living': One in three new university goers may live at home this year: Study

The decision by the government in Pakistan to hike petrol and diesel prices has triggered anxiety among the people in the country

Pakistanis react to hike in petroleum prices

A bitter news for all the chocolate lovers the monsoons around the world and maybe the perfect time to sip on some hot chocolate. But, be aware because that Indulgence could bite your pocket.

Heavy rains lower cocoa output in Ivory Coast

After facing its worst financial crisis since Independence, Sri Lanka has recorded single-digit inflation for the first time in two years. According to a statement from the Census and Statistics Office, the Colombo Consumer Price Index, which the Sri Lankan government uses to monitor inflation, showed a year-over-year rate of 6.

Sri Lanka records single-digit inflation after 2 years: Report  

Mexico's vibrant remittance ecosystem, one of the world's largest, supporting millions of families, is now facing severe pressure due to a significant increase in the value of the Mexican peso and rising inflation, disrupting lives for many in the country.

Stronger Mexican peso cuts the value of remittances from the U.S.

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