The Japanese economy recovered from a COVID-induced slowdown at a slower-than-expected pace in the second quarter, according to statistics released on Monday, raising concerns about whether consumption will increase sufficiently to support the country's long-delayed, shaky recovery.   The...

In an unexpected move on Monday, China's central bank reduced a key interest rate for the second time this year and withdrew some cash from the banking system in an attempt to stimulate credit demand and sustain the COVID-hit economy.   Economists and observers say Chinese authorities are...

At a press conference about economic indicators for July on Monday, Fu Linghui, a spokesman for China's State Statistics Office, stated that while the Chinese economy is still recovering, the foundation for such a recovery is still not strong enough due to the rising risk of stagflation in the...

A new $5 billion loan from the IMF would help persuade Ukraine's other creditors that the war-torn country's macroeconomic situation was under control, according to President Volodymyr Zelenskiy's main economic adviser on Friday.   According to the consultant, Oleg Ustenko, fresh financing...

Russia's GDP declined 4.0% year on year in the second quarter of 2022, the first full quarter of what Russia calls a "special military operation" in Ukraine, according to preliminary figures released on Friday by the government statistics service Rosstat.   After Moscow pushed its armed...

According to the organization's August report, OPEC members again produced below the levels allowed under the OPEC+ agreement. Thus, they satisfied the agreement by 412% even though OPEC oil output increased by 162,000 bpd in July to 28.84 million bpd from June. "Secondary sources indicate that in...

Slowing inflation in the United States may have allowed the Federal Reserve to slow the pace of future interest rate hikes, but policymakers have made it clear that they will continue to tighten monetary policy until price pressures are entirely broken.   A Labor Department report released...

Greece will leave the European Union's so-called enhanced monitoring framework on August 20, its finance minister announced on Wednesday, giving the country more leeway in economic policymaking.   The framework has been monitoring Greek economic developments and policy since 2018, after...

The so-called "chip law" was signed by US President Joe Biden. In order to boost the nation's competitiveness against Chinese technical advancements, it offers $52.7 billion in subsidies for semiconductor and chip manufacture and research in the U.S. A $52.7 billion subsidy to support semiconductor...