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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

New Zealand forecasts recession in 2023

The New Zealand government issued a forecast, saying that the country will go into recession in 2023 but anticipating a budget surplus in the 2024–2025 fiscal year. The Labor Party of Prime Minister Jacinda Ardern will face new difficulties as a result of restricted spending and the approaching...

Consumer Inflation Is Anticipated To Continue To Fall In November, But Will Still Remain High

Although consumer inflation likely slowed in November, prices continued to rise at a rapid pace, particularly for services. According to Dow Jones, economists expect the consumer price index to rise 0.3% in November, or 7.3% on an annual basis. This is a decrease from 7.7% in October....

Chipmakers Move Away From China Potentially Benefitting India And Vietnam

The latest upheaval is the United States' ban on chip exports to China, which is prompting companies to consider shifting some of their chipmaking capabilities to neighboring Vietnam and India. Nonetheless, experts believe that the Biden administration's semiconductor export restrictions...

JPMorgan Says Markets Of Southeast Asia Markets Will Undergo A "Bungee Jump" In 2023

According to JPMorgan analysts, Southeast Asia's markets will behave similarly to a "bungee jump" in 2023, plummeting before surging in the second half of the year. This is likely to be characterized by a "sharp fall followed by a rapid increase in altitude (bear market rally) followed by...

Mastercard Predicts High Inflation Peak Passed But 2023 Likely To See Inflation Higher Than Pre Pandemic Levels

According to David Mann, chief economist for Asia-Pacific, the Middle East, and Africa at the Mastercard Economics Institute, the period of high inflation has already passed but it will remain higher in 2023 than that of before the Covid pandemic. “Inflation has...

Turkey Is Halting Oil Exports That Are Not Subject To Russian Sanctions, Raising Supply Concerns For Global Energy Market

Tankers carrying Kazakh oil are experiencing delays as a result of Turkey's new proof of insurance requirements for vessels carrying Russian oil, which is now subject to EU sanctions and a G7 price cap. Kazakh oil is transported through Russia by pipeline and loaded onto tankers at the...

Brits Being Advised To Reconsider Christmas Plans Due To Planned Strikes On Flights And Trains

Passengers traveling into or around the United Kingdom during the holiday season will face major disruption due to strikes, and the government has implored people to rethink their plans for Christmas. Airport workers for the United Kingdom Border Force is scheduled to go on strike from...

IATA head warns of airfares growth due to transition to eco-fuel

As the aviation sector pushes toward targets of zero net carbon dioxide emissions by 2050, airline passengers will pay more for their tickets, stated IATA's (International Air Transport Association) chief Willie Walsh. The CEO of IATA, whose members include the majority of the world's leading...

Germany Claims Taking In More Debt To Rival The United States Would Be A Threat" For Europe

Germany warned that borrowing more money to compete with US green subsidies would jeopardize Europe's competitiveness. The EU has been vocal about its concerns about the United States' Inflation Reduction Act (IRA), claiming that its subsidies to North American automakers violate...

Despite Russia's Opposition And Widespread Doubts, EU Ministers Assert That The Russian Oil Cap Will Work

Despite efforts by the Russian government to try and avoid sanctions and amid skepticism worldwide, ministers of the European Union (EU) believe that the latest price cap imposed on Russian seaborne oil will work. The EU, along with the G-7 and Australia, had come to...