Nic Szerman lost his job at Meta Platforms in November, just two months after starting full-time, as the company cut 13% of its workforce as the advertising market tanked.   Days later, he was back at work, pitching his own blockchain-based payment company, Nulink, to startup accelerator Y...

The main engines of global growth – the United States, Europe, and China – will all experience weakening activity in 2023, according to the head of the International Monetary Fund on Sunday.   The new year will be "tougher than the year we leave behind," IMF Managing Director Kristalina...

According to a survey released on Monday, the eurozone manufacturing downturn has likely passed its trough as supply chains begin to recover and inflationary pressures ease, resulting in a rebound in optimism among factory managers.   S&P Global's final manufacturing Purchasing Managers'...

German company Kelheim Fibers started looking for alternatives to keep its engines running as soon as Russian gas exports to Germany were first disrupted in June.   As a result, starting in the middle of January, the Bavarian company, whose fibers are used in everything from teabags to...

In November, the increase in bank lending to businesses in the eurozone fell to 8.4%. In November, bank lending to businesses in the eurozone declined due to high inflation and rising interest rates, according to ECB data. In comparison to November of last year, bank lending to businesses in the...

Although many investors are hopeful that 2023 could bring some relief, it has been a difficult year for emerging markets, with more governments stumbling into default, currencies suffering, and double-digit losses in both stocks and bonds.   The events, trends, and subjects listed below are...

Despite the energy crisis, a shortage of raw materials, and the fragility of the global economy, German businesses only forecast a slight recession for the coming year, according to a study released by the German Federation of Industry (BDI). Economic activity will likely fall in the final quarter...

Tuesday's stock markets surged after China announced it would eliminate the COVID-19 quarantine requirement for incoming travellers, marking a significant step toward reopening its borders.   In contrast to an index of global shares, which increased by 0.2%, MSCI's broadest index of...

The way that various central banks are battling growing inflation, according to analysts at the Center for Economic and Business Research (CEBR), indicates that the global economy is likely to be in recession the next year. According to a report by the British think tank, "it seems likely that the...