According to a statement posted on the bank's website, the Bank of England (the British central bank) will begin purchasing long-term U.K. government bonds to stabilize the market and prevent financial instability in the midst of the bond market crisis. The program will last for the next six...

To halt the negative trend in the oil market, which has formed amid a rising currency and recessionary fears, the OPEC+ coalition must reduce production. Analysts at UBS reported this on Tuesday. The bank's analysts stated that the alliance's failure to reduce supply "is expected to put significant...

In order to increase production, the Swedish defense products company Saab will establish a facility in India to produce its Carl-Gustaf M4 weapons system, a top executive announced on Tuesday.   Senior Vice President Gorgen Johansson told reporters at a news conference that the facility...

Due to China's slowdown, economic growth in East Asia and the Pacific will weaken significantly in 2022, but the rate of expansion will pick up next year, the World Bank predicted on Tuesday.   In a report, the Washington-based lender predicted that growth in the East Asia and Pacific...

Slowing global demand, growing debt levels, and short-term price increases for food and fuel will all impede the economic growth of countries in the Asia-Pacific area. This is noted in the World Bank's publicly available prediction. "In 2022, most of East Asia and the Pacific recovered from the...

According to data issued on Tuesday by China's State Statistics Office, the profit of China's big industrial firms in the first eight months of 2022 was 5.525 trillion yuan ($771 billion), a decline of 2.1 percent from the same period in 2021. Chinese businesses involved in the extractive industry...

According to a survey, the decline in business activity across the euro zone widened in September, and consumers cut back on spending as a result of the rising cost of living.   After Russia's invasion of Ukraine, gas prices skyrocketed, which particularly hurt manufacturers. Meanwhile, the...

The government bond markets, according to Bank of America Corp. strategists, are about to have their worst year since 1949, when Europe was still recovering from World War II. The tightening of monetary policy by several nations is tied to the decline in government bonds. According to Bloomberg,...

According to a preliminary survey released on Friday, the decline in German business activity widened in September as higher energy costs hit the continent's biggest economy and companies experienced a decline in new business.   The manufacturing and service sectors, which together make up...