Russia-Ukraine War

For the first time in 20 years, the euro and the dollar have reached parity. As such, it’s rumoured that Europe is headed towards a recession. But what does this all mean and how exactly did it happen? We’ll explore the how's and why’s…

In the UK, real wages have continued to fall behind inflation at the quickest rate seen in a decade.

On Tuesday, the World Bank slashed its global growth forecast and warned that many countries may fall into recession as the global economy slips into a period of 1970s-style stagflation.

On Tuesday, Russia’s central bank said the role of the dollar and the euro as global currencies would soon decline as central banks around the world reconsider their strategies following the freezing of Russian reserves by the West.

On Thursday, Costco Wholesale Corp reported a decline in gross margins, hit by spiralling labour and freight costs across the US.