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Pakistan's inflation rate has now reached 13.37 percent, ranking second in Asia only to Sri Lanka, which recently declared bankruptcy and is currently embroiled in political turmoil.  Pakistan appears to be on the verge of declaring bankruptcy after failing to…

Consumer prices increased by 9% year on year through April, the fastest rate since March 1982, according to the Office for National Statistics in a report released on Wednesday.  Inflation in the United Kingdom has reached its highest level since…

ECB Pablo Hernandez de Cos, an ECB policymaker, made the following remarks:  A gradual withdrawal of stimulus is adequate in the current context Further rate increases could be made in the coming quarters This could reach levels in line with…

India has banned wheat exports with immediate effect, citing a threat to food security, in part due to the conflict in Ukraine and as a scorching heatwave curtailed output and domestic prices reached a record high.  Despite not being one…

Sri Lanka's newly appointed prime minister has stated that the cash-strapped island nation has run out of petrol, and that the country urgently needs $75 million in foreign exchange in the coming days to pay for essential imports such as…