By Anadolu Agency Advanced economies likely to face moderate near-term inflation, emerging markets seem to be more sensitive, organization says The International Monetary Fund (IMF) on Wednesday said that higher inflation will likely continue in the coming months, but it would return to pre-pandemic levels by mid-2022. “The economic recovery has fueled a rapid acceleration

Cornwall Terrace is thought to be the most expensive row of houses in the world (Creative Commons) By Middle East Eye Family paid $160m through ‘elaborate offshore structure’ for three properties facing Regent’s Park to be combined into mansion Qatar’s ruling family bought three of the UK’s most expensive houses across from London’s Regent’s Park,

President Uhuru Kenyatta. By Business Daily Africa President Uhuru Kenyatta says he will soon respond in detail to revelations that his family has hidden a fortune in excess of $30 million (Sh3.3 billion) in overseas tax havens. The Kenyattas are part of the global elite whose offshore financial dealings have been laid bare in a

In this photo provided by U.S. Navy, the Virginia-class fast-attack submarine USS Missouri (SSN 780) departs Joint Base Pearl Harbor-Hickam for a scheduled deployment in the 7th Fleet area of responsibility, Sept. 1, 2021. Australia decided to invest in U.S. nuclear-powered submarines and dump its contract with France to build diesel-electric submarines because of a

Turkish Foreign Minister Mevlut Cavusoglu (R) meets with Head of the African Union Commission Moussa Faki Mahamat (L) in Ankara, Turkey on September 30, 2021. ( Cem Özdel – Anadolu Agency ) By Anadolu Agency Turkey’s foreign minister discussed strategic relations and global issues with the head of the African Union (AU) Commission on Thursday,

Visitors walk past a wall with a map showing the species of peony in Belt and Road Initiative (BRI) countries, at horticultural exhibition Beijing Expo 2019, in Beijing, China April 29, 2019. Picture taken April 29, 2019. REUTERS/Stringer Reuters By David Stanway China’s vast Belt and Road Initiative (BRI) is in danger of losing momentum

Aldi employs about 38,000 staff across its 920 UK grocery stores. Photograph: Scott Bairstow/Alamy The Guardian By Kalyeena Makortoff Discount supermarket chain to open further 100 stores as it reports 10% rise in UK and Ireland sales Aldi will create 2,000 jobs and open another 100 stores across the UK as part of a £1.3bn

Small toy figurines are seen on representations of the Bitcoin virtual currency displayed in front of an image of China’s flag in this illustration picture, April 9, 2019. REUTERS/Dado Ruvic/Illustration/File Photo Reuters By Samuel Shen and Andrew Galbraith Cryptocurrency exchanges and providers of crypto services are scrambling to sever business ties with mainland Chinese clients,

Turkish President Tayyip Erdogan addresses the 76th Session of the U.N. General Assembly in New York City, U.S., September 21, 2021. REUTERS/Eduardo Munoz/Pool Reuters By Humeyra Pamuk President Tayyip Erdogan said Turkey still intended to buy a second batch of S-400 missile defense systems from Russia, a move that could deepen a rift with NATO

Credit to Pinterest Dar es Salaam. Tanzania requires urgent financial support of $1.1 billion (1.5 percent of GDP) in the next 12 months to avert a potential economic fallout arising from the Covid-19 pandemic and the rising import bill linked to rising crude oil prices. According to The East African reported. The International Monetary Fund