When announcing its third-quarter production statistics, the Anglo-Swiss commodities trader Glencore reduced its annual predictions for a number of commodities downward. The corporation blamed the adverse effects of miners' strikes, floods, and issues with supply chains. Production decreased in...

Due to weakening global demand and strict domestic COVID-19 curbs, which had an adverse effect on production, travel, and shipping in the second-largest economy in the world, China's factory activity unexpectedly decreased in October.   Although China's economic growth exceeded expectations...

The International Energy Agency (IEA) stated on Thursday that the decline in Russian fossil fuel exports following its invasion of Ukraine this year will change the global energy landscape for decades and can help to speed up a switch to green energy.   The annual World Energy Outlook from...

Dogecoin surged more than 70% on Saturday, extending this week's gains after Elon Musk agreed to buy Twitter for $44 billion last week.   The Tesla Inc CEO, a vocal supporter of cryptocurrencies, has had a significant impact on the prices of dogecoin and bitcoin.   Early this year,...

The Asia-Pacific region stands to lose more than any other if the global trade system fragments as a result of geopolitical tensions, according to the International Monetary Fund.   The IMF said in a report released on Friday that Asia and Pacific countries could lose more than 3% of their...

The Bank of England is expected to raise borrowing costs by the most since 1989 next week, even as it prepares for a recession that could be exacerbated by spending cuts implemented by new Prime Minister Rishi Sunak.   In addition to raising interest rates for the eighth time in a row on...

According to a survey released on Thursday, more than two-thirds of British adults plan to cut back on holiday spending this year as the cost of living continues to rise.   Despite having spent two Christmases under social restrictions due to the COVID-19 pandemic, three-quarters of adults...

According to Reuters, the US's merchandise trade imbalance increased in September as a result of weaker exports and higher imports. It is unclear if this will alter the perception that trade had a role in the third quarter's anticipated recovery in economic growth. The US Department of Commerce...

On Tuesday, Rishi Sunak became Britain's third prime minister in two months, promising to lead the country out of a deep economic crisis and restore trust in politics.   Sunak quickly reappointed Jeremy Hunt as finance minister, attempting to calm markets that had been alarmed by his...