Economy

IMF downgrades growth forecasts for US and UK economies

The International Monetary Fund (IMF) has predicted US and UK economies will experience weaker-than-expected activity and expand more slowly this year than previously predicted.

Google Escapes €1.1 Billion Tax Lawsuit against French Tax Authorities

Google has received a favorable verdict from French court regarding retrospective tax slapped on the company by French tax authorities.

Moody’s retains Baa2 rating for Bulgaria with Stable Outlook

Moody's Investors Service has maintained Baa2 rating for Bulgaria as the country has reported stable economic activity during the last quarter.

UK unemployment rate slips to lowest level in 42 years

The unemployment rate in the United Kingdom slipped to 4.6 per cent as inflation outstripped wage growth in the first three months of this year, the Office for National Statistics (ONS) announced.

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