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OpenAI starts talks with Microsoft about new funding and future IPO 05/12/2025

Markets Rally on US–China 90-Day Tariff Pause as Investors Brace for Protracted Talks 05/12/2025

U.S. Slashes China ‘De Minimis’ Tariff to 54% as Trade Truce Takes Effect 05/13/2025

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Economics

Price of RES generation doubles in Europe

Cost of long-term contracts for the purchase of green electricity has nearly doubled in the European Union. As RES generation costs soar to record highs of €100 per 1 MWh, they are now three times as expensive as developing new green electricity generation. Due to gas shortages and the EU's wish...

Inflation in China exceeds forecasts

According to data issued on Saturday by China's State Statistics Office, the consumer price index (CPI), a major gauge of inflation, increased 2.5 percent year over year in June 2022, slightly exceeding analysts' predictions. In contrast to May's 2.1 percent CPI growth, experts forecasted 2.4...

Shinzo Abe’s Efforts To Revitalise The Japanese Economy

Former Japanese Prime Minister Shinzo Abe, who was killed on Friday, had hoped to restructure the country's economy. He was the country's longest-serving prime minister, retiring in late summer 2020. Perhaps the most visible initiative of his presidency was "Abenomics," the economic...

In June, The US Economy Added More Jobs Than Predicted

According to official estimates, the US economy added 372,000 jobs in June, considerably exceeding expectations. Economists predicted that the country will add between 250,000 and 295,000 jobs. According to the US Bureau of Labor Statistics, the jobless rate has likewise maintained at...

Shell and CEZ to supply seven billion cubic meters of LNG per year to the Netherlands

According to a news statement from Gasunie, Dutch Shell and Czech CEZ inked a cooperative deal with the Dutch gas business Gasunie to provide 7 billion cubic meters of liquefied natural gas (LNG) annually to its new terminal EemsEnergyTerminal. "Contracts have been signed by Gasunie subsidiary...

Euro Is At A Two-Decade Low, While Volatility Is At Its Highest Since March 2020

A small decline in the dollar provided some relief to the euro, allowing it to move away from two-decade lows recorded this week after surging oil costs fueled recession fears. Risky assets, like the euro, gained ground gradually on Thursday as investors weighed the chances of a recession...

Euro Is Dropping Close To The Parity Pain Point

A rush for dollars as global economic slump fears loom has beaten and scarred other currencies, with the euro suffering the most as rising European gas prices worsen economic growth concerns. Analysts anticipate the euro, which plummeted to its lowest level since 2002 on Tuesday, will soon...

Bank of England urges to get ready for economic shocks

The Bank of England issued a warning about the worsening economic prospects for both the UK and the rest of the world and suggested that lending institutions increase buffer capital to prepare for impending shocks. The Bank of England stated in its financial stability report that "the economic...

Survey Warns Firms Customers Seeking More Than Low Prices Due To Rise In Cost Of Living

According to a survey, six in ten customers believe low prices will become more influential when deciding where to shop and what to buy in the next two years. According to the Institute of Customer Service, firms must provide more than just discounts to customers. According to the...

Euro Drops To 20-Year Low Against The Dollar Amid Building Fears Of A Recession

On Tuesday, the euro dropped to its lowest level in two decades, falling more than 1 per cent for the day to $1.0283. It comes as fears of a eurozone recession grow, gas prices skyrocket, and the Ukraine conflict shows no signs of abating. Inflation in the eurozone reached a...