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OpenAI starts talks with Microsoft about new funding and future IPO 05/12/2025

Worsening Factory-Gate Deflation in China as Trade War Bites 05/11/2025

Markets Rally on US–China 90-Day Tariff Pause as Investors Brace for Protracted Talks 05/12/2025

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Economics

German companies expect mild recession in 2023

Despite the energy crisis, a shortage of raw materials, and the fragility of the global economy, German businesses only forecast a slight recession for the coming year, according to a study released by the German Federation of Industry (BDI). Economic activity will likely fall in the final quarter...

Commodities And Stocks Rise As China Lifts Its Quarantine Rule

Tuesday's stock markets surged after China announced it would eliminate the COVID-19 quarantine requirement for incoming travellers, marking a significant step toward reopening its borders. In contrast to an index of global shares, which increased by 0.2%, MSCI's broadest index of...

CEBR: World economy will enter recession in 2023

The way that various central banks are battling growing inflation, according to analysts at the Center for Economic and Business Research (CEBR), indicates that the global economy is likely to be in recession the next year. According to a report by the British think tank, "it seems likely that the...

Russian Gas Shipments To Europe Through The Yamal-Europe Pipeline Will Resume, According To Novak

According to Russian Deputy Prime Minister Alexander Novak, the Yamal-Europe Pipeline is ready to start carrying gas once again from Russia to Europe. "The European market remains relevant, as the gas shortage persists, and we have every opportunity to resume supplies," TASS cited Novak as...

FT warns of decline in Apple's revenues

The fourth quarter of 2022 will see a greater than 8% fall in Apple's net income. As a result, the IT giant will not see an increase in profits for the first time in 14 quarters, according to a report in the Financial Times that used data from the analytical firm Visible Alpha. Visible Alpha...

UK Economy Shrank More Than Initially Estimated

According to updated statistics, the UK economy shrank more than initially estimated in the three months leading up to September. According to the Office for National Statistics (ONS), business investment performed worse than anticipated, causing the economy to contract by 0.3% as opposed to the...

Consumer Inflation In Japan Reaches A New 40-Year High; Attention Focused On BOJ Policy

The core inflation of Japan touched a record high of four decades since companies continued passing on increased costs of operations to consumers, according to data, indicating that price increases were widening and could put the central bank under pressure to reduce...

Retail Sales In The UK Unexpectedly Increase In December: CBI

Retailers of the United Kingdom reported a surprise increase in demand in December, but expect spending to fall again in 2023 as shoppers are pressured by rising living costs, according to a Confederation of British Industry survey released on Wednesday. The CBI's distributive...

ECB forecasts rate hike in the near future

ECB spokesman de Guindos: The bank may keep raising interest rates at the current rate. The European Central Bank may keep raising interest rates at their current pace for some time in order to keep inflation under control, according to ECB Vice President Luis de Guindos. "If we do not act, the...

Crumbling Of Mobile Calls, And Internet In Russia Likely After Exit Of Nokia, And Ericsson

The departure of telecom equipment manufacturers Nokia and Ericsson from Russia at the end of the year may gradually impair the nation's mobile networks over time, worsening communication for regular Russians. Russian mobile phone users will probably experience slower downloads and...