Bipartisan legislation that raises the government's $31.4 trillion debt ceiling was approved by the U.S. Senate on Thursday, preventing what would have been a first-ever default and having the support of President Joe Biden.   After months of partisan fighting between Democrats and...

EU watchdogs said in progress reports on Thursday to combat greenwashing that banks, insurers, and financial businesses around the European Union have made "misleading claims" about their sustainable credentials to investors.   The European Commission requested EU banking, insurance, and...

According to projections, Italy's GDP will rise by roughly 1% in 2023. Bank of Italy Governor Ignazio Visco noted that the Italian economy has fared better than anticipated in overcoming recent setbacks. He presented economic data for the previous year and added, "The forecasts available today for...

The International Monetary Fund (IMF) increased its prediction for the real GDP of Ukraine in 2023 from -3 to +1% to foresee growth in the range of 1 to 3%, according to the institution. "IMF staff has raised the (forecast) for the real GDP growth for 2023 to a range of 1 to 3% (after the previous...

According to Reuters, Saudi Arabia is importing more diesel fuel from Russia than ever before. Riyadh primarily exports the inexpensive fuel it purchases from Russia to Singapore to sell it with a significant markup. Up to 500,000 tonnes (3.7 million barrels) of Russian diesel fuel were imported...

According to government data released during the week end, profits at China's industrial companies plunged in the first four months of 2023 as businesses battled margin pressures and weak demand in the midst of a sputtering economic recovery.   According to figures from the National Bureau...

The overall amount of money firms worldwide dedicated to dividends increased 12% in the first quarter compared to the same period last year, reaching a record $327 billion, according to research firm Janus Henderson. Due to ongoing economic and geopolitical uncertainties, experts point out that the...

According to a document seen by Reuters, a high-level gathering in Paris next month will spell out a $100 billion proposal to encourage investors to put more money into climate and development finance in less developed nations by offering currency guarantees.   Prior to the "Summit for a New...

After the Treasury Department warned that a June 5 default loomed in the absence of action, Democratic President of the United States Joe Biden and a Republican negotiator announced on Friday that they were working on an agreement to raise the U.S. government's $31.4 trillion debt ceiling....