According to the Organization for Economic Cooperation and Development's (OECD) preliminary assessment, the G20 countries' economy grew by 0.7% in the fourth quarter of 2023 compared to the preceding three months. As a result, GDP growth decreased from the third quarter's revised 0.8% growth rate....

The competition for technical talent in Europe is intensifying due to the rise of artificial intelligence (AI) startups, forcing corporations such as Google DeepMind to make a costly decision between losing out on top personnel in the region or paying a premium.   Investors have been...

According to reports, the International Energy Agency and producer group OPEC, which are the world's most carefully monitored forecasts of oil demand growth, have different views on fuel usage than they have for at least 16 years.   The Organisation of Petroleum Exporting Countries and the...

Bitcoin reached a record high of more than $72,000, demonstrating that the biggest cryptocurrency's rise was unstoppable. Bitcoin reached a high of $72,739 and was last up 4.4% at $72,649.   The world's most valuable cryptocurrency has experienced a surge in value due to expectations that...

Official figures from the European Union's statistics agency (Eurostat) show that the GDP of the Eurozone remained constant in the fourth quarter of 2023 compared to the preceding three months. The economy expanded by 0.1% annually. Both indicators matched the previously released data and a poll...

Jerome Powell, the chair of the US Federal Reserve, hinted on Thursday that if inflation indicators cooperate, interest rate reductions might not be far off.   The head of the central bank hinted that the day may not be far off in comments to the Senate Banking Committee, but he did not give...

China's potential to flood the US market with electric vehicles worries the US, but US incentives can make US-made EVs more affordable, the US energy secretary stated on Wednesday.   At a Washington Axios event, Energy Secretary Jennifer Granholm stated, "We are very concerned about China...

Autocatalyst palladium surged back above $1,000 for the first time since January 12, while gold reached a new high, building on excellent momentum primarily fueled by forecasts for U.S. monetary easing.   As of 2:03 p.m. ET (1903 GMT), spot gold was up 0.8% to $2,145.09 per ounce, having...

According to eight business executives who regularly communicate with the agencies and regulatory officials, U.S. regulators plan to drastically slash the additional capital banks are required to keep as a result of a planned rule that has faced strong opposition from Wall Street.   In July,...