Inflation in Ukraine accelerated to 12% in 2024, exceeding forecasts made by the country's National Bank, Ukraine's statistics service Derzhstat announced on Jan. 10. The Ukrainian economy has undergone harsh conditions with the onset of Russia's full-scale invasion of Ukraine in 2022.

Inflation in Russia accelerated in 2024, official statistics published Wednesday showed, as the costs of Moscow's full-scale offensive on Ukraine weigh on the domestic economy. The cost of butter rose by 36 percent over 2024,

With just days left before handing over the keys to the US government, the Biden administration is making a last-ditch effort to seize hundreds of billions of dollars in Russian assets as future negotiating leverage for Ukraine,

In a blow for Vladimir Putin, the Ministry of Defence said the Russian Central Bank (CBR) is still struggling to tackle high inflation. Interest rates are at 21% - compared to 4.75% in Britain - while labour shortages and high government spending are also contributing to the economic gloom.

"I will be 100% on board with taking sanctions up," Treasury Secretary-pick Scott Bessent told lawmakers on Thursday.

From reducing inflation to cutting spending painlessly to immediately ending Russia’s war with Ukraine, the president-elect is waging a quiet tactical retreat.

Eastern European nations confronting a plethora of economic threats fuelled by war on their doorstep may face fresh pressure if peace is reached in Ukraine - from tight labour markets that fuel inflation thanks to an exodus of Ukrainian workers.

While Trump has increasingly behaved as though he were already the sitting president during the transition, the Democrat has focused his efforts on safeguarding as much of his political legacy as poss

Joe Biden's time in the White House is coming to an end. These charts help tell at least part of the story of what's happened during his four years in office. CNBC reports that Perplexity AI has officially submitted a bid proposing a merger with TikTok US.

Tomorrow the 47th President of the United States will be sworn in, having pledged he would bring peace between Ukraine and Russia within "24 hours."

The International Monetary Fund expects the world economy to grow a little faster and inflation to keep falling this year. But it warned that the outlook is clouded by President-elect Donald Trump's promises to cut U.

Biden is handing over a world that is running perilously amok under a permissive environment that began with his disastrous withdrawal of U.S. forces from Afghanistan,” thunder Jonathan Sweet