Business Blog

Euro falls to parity with US dollar for first time in two decades

Rising recession fears and broad shift into haven assets have boosted the buck

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US inflation jumps 9.1 percent in June to fresh four-decade high

Economists had projected a 1.1% rise from May and an 8.8% year-over-year increase, based on a Bloomberg survey. 

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Conservatives must rediscover their instinctive pragmatism

Ideological obsessions with Brexit and low tax are dragging the leadership hopefuls away from successful traditions

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IMF set to make fresh downgrades to global growth

Fund warns that downside risks cited in the spring have now materialised

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Wall Street bets on analysts cutting earnings estimates as the economy shows signs of slowing

Wall Street and the analyst community have been fighting over analysts' refusal to lower their 2022 and 2023 earnings estimates.

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  251 Hits

Rap music finds a home in Somalia as its youth embrace the genre

Rappers say their songs resonate with the youth because they express everyday struggles; religious leaders disagree.

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  239 Hits