The New Zealand Reserve Bank may implement the biggest rate increase in history. This week, the Reserve Bank of New Zealand is expected to raise interest rates by the largest amount ever in an effort to reduce inflation. Following this, the central bank is anticipated to take a three-month hold...

The final of three summits in the region this week, which have been overshadowed by intense geopolitical rivalry, was concluded on Saturday with commitments from the leaders of the 21-member APEC bloc to increase trade and do more to address other economic challenges.   Global leaders have...

According to a recent survey of Asian businesses, the number of Asian companies expecting employees to spend their entire working life in an office has dropped dramatically since the pandemic.   This indicates a shift away from the old way of working and toward a hybrid system, which appears...

The amount of FDI in China during the first 10 months of 2022 climbed by 17.4% compared to the same period in the previous year, reaching $168.3 billion, according to the Chinese Ministry of Commerce. From January to October, RMB investment growth was 14.4%. FDI increased most quickly in technology...

The Galapagos Islands, which inspired Darwin's theory of evolution with their thousands of unique species, have incalculable ecological value. But how much are they worth?   According to people familiar with the talks, the size of a "debt-for-nature" swap deal that could see Ecuador's debts...

British Finance Minister Jeremy Hunt said on Thursday that the government would raise a windfall tax on oil and gas companies and extend it to power generation companies in order to plug a major hole in the government's finances.   Rising oil and gas prices in the aftermath of Russia's...

According to figures issued by the U.S. Office of Commerce, retail sales in the country increased by 1.3 percent in October to reach $694.5 billion. This growth exceeded the 1% forecasted by Reuters' survey of analysts. Retail prices increased by 8.3% annually, unadjusted for inflation. Analysts...

For the first time since 2004, the Organization for Economic Cooperation and Development (OECD) members' combined oil reserves fell below 4 billion barrels, reports the International Energy Agency (IEA). The analysis found that in September, inventories in OECD nations decreased by 45.5 million...

Climate-related stress tests for banks must better capture the indirect effects of climate change on lenders and the global economy, according to the G20 Financial Stability Board on Tuesday.   The European Central Bank, the Bank of England, and other central banks have completed the first...