Global leaders and business executives left a freezing World Economic Forum (WEF) meeting on Friday after a candid discussion of how the world will address its most pressing issues in 2023.   ECONOMY    Gloom and doom at the start of Davos gave way to cautious optimism by the...

According to a statement from the United States Federal Reserve Governor Christopher Waller, it is probable that the fed could begin to push the brakes on its balance sheet runoff as soon as the reserves of the bank touch about 10% to 11% of the gross domestic product of the country.  ...

The current account surplus of Russia touched a record high in 2022, according to the central bank of the country, as lower imports and strong oil and gas exports kept foreign money flowing in into the country even in the face of Western sanctions aimed...

According to Fernando Haddad, Brazil's minister of economy, the country wants to implement tax reform and close the state budget deficit in the next two years. Haddad stated during the WEF session that "we aspire to return to the pre-crisis pandemic budget revenues and spending, which is 18.7% (of...

China's economic growth in 2022 will be one of the slowest in nearly a half-century, thanks to strict COVID curbs and a property market slump in the fourth quarter, putting pressure on policymakers to announce more stimulus this year.   Although quarterly growth and some December indicators,...

IMF head Kristalina Georgieva warned that trade fragmentation may cost the economy 7% of the global GDP "in a terrible situation". In a statement posted on the IMF website, Georgieva claimed that a recent study suggested that trade fragmentation alone might eventually cost the world economy 0.2% of...

The decision by Indonesia, the world's largest palm oil exporter, to restrict shipments and increase domestic biodiesel consumption is expected to squeeze global vegetable oil supplies, which are already being squeezed by lower output in Southeast Asia and Latin America.   Buyers of edible...

China's exports fell sharply in December as global demand cooled, raising concerns about the country's economic recovery this year, but a more modest drop in imports reinforced views that domestic demand will gradually recover in the coming months.   While imports are expected to rise on the...

Malaysia said on Thursday that it may stop exporting palm oil to the European Union in response to a new EU law that strictly regulates the product's sale in order to protect forests.   Malaysia and Indonesia, according to Commodities Minister Fadillah Yusof, will discuss the law, which...