Geneva, Switzerland - Soaring debt levels compounded by high inflation and rising interest rates have dashed job-seekers’ hopes in developing countries, the International Labour Organisation (ILO) warned on Wednesday. In its new Monitor on the World of Work report, ILO shows that while in high-income countries, only 8.2 percent of...
Spiralling inflation spurs GCC gold demand
Gold consumption in the GCC region reached 47 tons in the first quarter of 2022, up 18 percent from the prior year. UAE consumption reached 12.50 tons in Q1 2022.
US Fed official sees big hike at March meeting, warns of Ukraine impact
Russia’s invasion of Ukraine threatens to drive up global commodity prices and disrupt the US recovery at a time of high inflation
