In September, China's commercial banks sold a net amount of foreign exchange of 96.4 billion yuan, or $13.43 billion. This is stated in the report of the State Administration of Foreign Exchange Control (SAFE) of the country. The figure presents a 30% increase above the August volume. According...

The United States government announced on Friday that the budget deficit for the fiscal year 2023 was $1.695 trillion, a 23% increase over the previous year as a result of declining income and rising spending for Social Security, Medicare, and the nation's historically high interest rates.  ...

Researchers with ties to the Chinese government who are examining the Western response to Russia following its invasion of Ukraine claim that in a war with the United States over Taiwan, China would have to establish a worldwide network of businesses subject to American sanctions, seize American...

In September, British retail sales declined more than anticipated as consumers refrained from purchasing autumnal apparel during unusually mild weather. This occurred against a backdrop of larger constraints related to the cost of living, which may cause the economy to contract in the third...

Ford, the American carmaker, calculated that the US President Joe Biden administration's plan to increase fuel efficiency rules may result in $1 billion in fines between 2027 and 2032, writes Bloomberg. "This is alarming in and of itself and threatens significant economic hardship for Ford," the...

An expansion of the Israel-Gaza dispute into a larger conflict might provide another shock to global GDP and halt disinflationary forces in their tracks.   So far, market reaction has been muted, but this could change.   "Whether this conflict remains limited to a confrontation...

China's economy grew at a faster-than-expected rate in the third quarter, while consumer and industrial activity in September also surprised on the positive, indicating that the recent flurry of policy measures is bolstering a fragile recovery.   Rapidly weakening growth in the world's...

According to the EU statistics office (Eurostat), the number of commercial flights inside the European Union grew this summer compared to the previous year, although it is still lower than it was before to the pandemic in 2019. June saw a 6.9% increase in air travel compared to the same month...

Indian Prime Minister Narendra Modi declared that his nation would send astronauts to the moon by 2040 and construct a national orbital station by 2035. The Prime Minister proposed establishing new, lofty objectives, noting the accomplishments of Indian space programs, such as the successful...