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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

USA to put 15 million barrels of oil from the strategic reserve on sale

According to the White House, the American president has ordered his administration to take more steps to improve energy security, handle oil supply issues, and lower fuel prices. In response to rising energy prices, the White House unveiled Joe Biden's plan of action. According to the White...

According To Economists, Asia Could Emerge As A Shining Light In The Global Downturn Next Year

Even though the global economy is expected to enter a recession next year, Asia, particularly Southeast Asia, remains a bright spot, according to economists. The International Monetary Fund said last week that the strong economic bounceback in Asia previously this year has lost steam due...

EU considers paying Elon Musk for Starlink terminals in Ukraine

According to the Financial Times, the European Union is debating whether to foot the bill for a subscription to the Starlink satellite internet communication terminals that Elon Musk gave to Ukraine. Josep Borrell, the director of the foreign policy division of the European Union, has directed...

Argentine authorities set to convince businesses to freeze food prices because of inflation

According to sources cited by the TN television station, the Argentine government has started discussions with businesses to freeze prices of essential food and hygiene products in the face of excessive inflation. Argentina's inflation grew by 66.1% over the previous nine months to 6.2% in...

In A Dramatic U-Turn, New UK Finance Minister Hunt Reverses Truss's Economic Plan

On Monday, British Prime Minister Liz Truss's economic plan was scrapped and her massive energy subsidy was reduced, launching one of the biggest fiscal policy U-turns in British history to stem a dramatic loss of investor confidence. Charged with reversing all of the policies that helped...

Cryptocurrency Is Taking Up "Brain Space," Bank-Fintech Partnerships Are "Here To Stay", Says OCC's Hsu

A prominent bank regulator of the United States claimed that his caution regarding banks' collaborations with fintechs is not intended to stifle such relationships, but rather to express his concern that businesses must accurately assess their risks. The acting Comptroller of the Currency,...

After The OPEC+ Decision, Biden Threatens Saudi Arabia With Repercussions

In response to OPEC+'s announcement last week that it would lower its oil production target in defiance of U.S. objections, President Joe Biden promised on Tuesday that "there will be consequences" for the United States' relations with Saudi Arabia. He made his announcement the day after...

German Automakers Balk At Supplier Demands Regarding Energy Price Increases

Although Germany's large automakers may have guaranteed their own energy supplies, thousands of small suppliers who are under pressure from rising prices run the risk of disrupting production throughout the winter. As energy costs continue to rise, more and more suppliers are urging the...

Indian Banks Asked To Avert From Building Positions In Offshore Markets By Its India’s Central Bank

In an effort to stop the rupee's decline, the Reserve Bank of India has asked local banks not to increase their positions in the non-deliverable forward market. This request, according to bankers and traders, could cause offshore volatility to spill over into local markets. According to...

China's Central Bank to strengthen stimulus measures

The People's Bank of China's head announced that the organization will step up its efforts to boost the economy of the nation. The People's Bank of China announced in a statement on Friday that it would increase stimulus measures and offer additional assistance for the real economy. Yi Gang,...