On Tuesday, European Union energy ministers are set to discuss a bloc-wide gas price cap, attempting to navigate their next steps, though any final decisions are likely to take weeks.   Europe has been scrambling to contain high energy prices since Russia cut gas supplies in the...

Moody's has downgraded the UK's economic prospects from "stable" to "negative" due to political instability and high inflation.   Moody's attributed the change in outlook to "heightened unpredictability in policymaking amid weaker growth prospects and high inflation," as well as "risks to...

According to the Saudi state-run SPA, Saudi Arabia's Crown Prince Mohammed bin Salman declared the start of a national global supply chain effort. According to the Saudi state-run SPA, Saudi Arabia's Crown Prince Mohammed bin Salman declared the start of a national global supply chain effort. The...

According to a Reuters analysis of public data and projections released by these companies, the world's top automakers plan to spend nearly $1.2 trillion through 2030 to develop and produce millions of electric vehicles, as well as the batteries and raw materials to support that production.  ...

When European Union leaders meet for the second day of talks in Brussels on Friday, they will discuss reducing their economic reliance on China, assisting Kiev, and punishing Iran for its role in Russia's war on Ukraine.   The previous day, the EU's 27 leaders clashed over a coordinated...

According to figures from Eurostat, annual inflation in 19 eurozone nations increased from 9.1% in August to a record 9.9% in September. The European Union's (EU) annual inflation rate was 10.9% in September, up from 10.1% in August. Annual inflation increased in 20 states, fell in six EU nations...

According to a Barclays report, the US Federal Reserve may have to slow or stop shrinking its nearly $9 trillion balance sheet sooner than many now expect.   Analysts at the investment bank wrote this week that the current rate of drawdown will most likely need to change in the first half of...

According to data from three credit-card companies, Americans have reduced their purchases of luxury goods such as designer clothing and accessories in the last two months, raising concerns about the sector's resilience.   Data released this month by Citigroup, Mastercard, and Bank of...

To support the yuan, Chinese state banks increased their currency interventions. The local market's sale of dollars is intended to stabilize the exchange rate, which has already decreased by 12% against the dollar since the year's beginning. Major state banks in China use currency swaps to convert...