Dogecoin surged more than 70% on Saturday, extending this week's gains after Elon Musk agreed to buy Twitter for $44 billion last week.   The Tesla Inc CEO, a vocal supporter of cryptocurrencies, has had a significant impact on the prices of dogecoin and bitcoin.   Early this year,...

The Asia-Pacific region stands to lose more than any other if the global trade system fragments as a result of geopolitical tensions, according to the International Monetary Fund.   The IMF said in a report released on Friday that Asia and Pacific countries could lose more than 3% of their...

The Bank of England is expected to raise borrowing costs by the most since 1989 next week, even as it prepares for a recession that could be exacerbated by spending cuts implemented by new Prime Minister Rishi Sunak.   In addition to raising interest rates for the eighth time in a row on...

According to a survey released on Thursday, more than two-thirds of British adults plan to cut back on holiday spending this year as the cost of living continues to rise.   Despite having spent two Christmases under social restrictions due to the COVID-19 pandemic, three-quarters of adults...

According to Reuters, the US's merchandise trade imbalance increased in September as a result of weaker exports and higher imports. It is unclear if this will alter the perception that trade had a role in the third quarter's anticipated recovery in economic growth. The US Department of Commerce...

On Tuesday, Rishi Sunak became Britain's third prime minister in two months, promising to lead the country out of a deep economic crisis and restore trust in politics.   Sunak quickly reappointed Jeremy Hunt as finance minister, attempting to calm markets that had been alarmed by his...

On Tuesday, European Union energy ministers are set to discuss a bloc-wide gas price cap, attempting to navigate their next steps, though any final decisions are likely to take weeks.   Europe has been scrambling to contain high energy prices since Russia cut gas supplies in the...

Moody's has downgraded the UK's economic prospects from "stable" to "negative" due to political instability and high inflation.   Moody's attributed the change in outlook to "heightened unpredictability in policymaking amid weaker growth prospects and high inflation," as well as "risks to...

According to the Saudi state-run SPA, Saudi Arabia's Crown Prince Mohammed bin Salman declared the start of a national global supply chain effort. According to the Saudi state-run SPA, Saudi Arabia's Crown Prince Mohammed bin Salman declared the start of a national global supply chain effort. The...