The first quarter saw a sharp slowdown in the expansion of the US economy. According to figures from the nation's Commerce Department, the US GDP grew by just 1.6% year over year at the conclusion of the first three months of the year. This is far less than the 3.4% result from the previous quarter...

Ahead of a Bank of Japan meeting where interest rates are anticipated to remain low, the yen was parked by a 34-year low on the dollar and decade lows on other crosses, while the dollar dropped elsewhere on softer-than-expected U.S. GDP statistics.   In response to statistics indicating that...

The first quarter saw the U.S. economy expand at its slowest rate in almost two years due to a spike in imports and a slight accumulation of unsold goods at businesses. These indications of strong demand, coupled with an increase in inflation, confirmed expectations that the Federal Reserve would...

The Chinese medical device procurement market is the subject of an inquiry by the European Commission (EC). The probe, which is expected to take nine to fourteen months to complete, is prompted by "unfair discrimination of European companies and goods". Government regulations, according to the...

China doesn't need any more electric vehicles to compete for market share outside of its borders, drive down prices at the expense of profit, or overcrowd a market that already has more losers than winners.   And that's all it is receiving.   A large number of the 110 EVs and plug-in...

It looks like this year will mark the end of rising food prices globally.   Oxford Economics projects that global food prices will drop in 2024, providing some respite for consumers.   The economic advice firm stated in a recent statement that "our baseline forecast is for world food...

As the United States reimposes oil sanctions on Venezuela, the state-run oil giant PDVSA intends to use more digital money in its fuel and crude shipments, according to three people familiar with the proposal.   Last week, the U.S. Treasury Department granted PDVSA's suppliers and clients...

Do you like bubble tea?   Love it or hate it, chances are you know a millennial or Gen Zer who is obsessed with this overly sugary beverage that almost tastes chewy as it slides down your throat because it contains sticky tapioca balls, also known as "boba" or "bubbles." In the last few...

The Stockholm International Peace Research Institute claimed on Monday that there has been a "global deterioration in peace and security" as military spending has hit a record high of $2.4 trillion in 2023.   The institute stated in a report on military spending patterns that the number...