Economy

Economy Latest News

India growth slows to 6.7% on lower consumer spending
India growth slows to 6.7% on lower consumer spending
by  AFP

India's economic growth slowed to 6.7 percent on-year in the April-June quarter, official data showed Friday, as lower government outlays and lacklustre consumer spending weighed on the world's fifth-largest economy. The Indian economy had expanded to 7.8 percent on-year in the previous March quarter.

British hospitality eyes big bucks ahead of Oasis tour
British hospitality eyes big bucks ahead of Oasis tour
by  AFP

Fans are not the only ones eagerly awaiting next year's Oasis reunion tour: British hoteliers and pub owners are looking forward to a boom in business, with hopes of a Taylor Swift-style economy boost. The tour looks set to "join the likes of Taylor Swift, Harry Styles and Beyonce in delivering record-setting shows", added UKHospitality's Nicholls.

Eurozone inflation falls to three-year low in August
Eurozone inflation falls to three-year low in August
by  AFP

Eurozone inflation fell to its lowest level in more than three years this month thanks to falling energy costs, official data showed on Friday, raising expectations of a European Central Bank interest-rate cut. Across the eurozone, Lithuania recorded the lowest inflation rate in August, at 0.7 percent, Eurostat data showed.

Long-awaited Ubisoft 'Star Wars' game hits shelves
Long-awaited Ubisoft 'Star Wars' game hits shelves
by  AFP

After more than four years in the making, French video game designer Ubisoft on Friday released its much-anticipated "Star Wars Outlaws", an immersive spinoff from the famed saga. The latest Star Wars video games have all ranked among the top 10 best-sellers in the US, according to Piscatella's figures -- the likely trajectory for "Outlaws".