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Defence Bank Race Tests Allies’ Willingness to Finance Rearmament 08/31/2026

Iceland’s Fishing Concerns Defeat EU Pressure for Accession Talks 08/31/2026

Nepal’s Warning Gap Exposed by a Rising Himalayan Flood Risk 08/31/2026

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Economics

Shoe maker Birkenstock plans to raise up to $1.6B from IPO

The initial public offering of German footwear manufacturer Birkenstock Holding Ltd. at the New York Stock Exchange is expected to raise up to $1.6 billion, the company stated. 10.75 million additional shares of Birkenstock will be issued, with prices ranging from $44 to $49 per share. L Catterton,...

The Impact Of China-West Tensions On World Markets

Rising trade barriers, tech competition, and eavesdropping allegations are just a few of the factors contributing to tensions between the West and China. As Washington and Beijing work to reduce their dependence on one another, the effects on international markets are profound, shattering...

Due To A Slowing China, The World Bank Lowers Its Prediction For Development In Developing East Asia

In light of a slowing China, weak global demand, persistently high interest rates, and sluggish trade, the World Bank lowered its growth prediction for developing East Asia and the Pacific. According to the World Bank's October report, which was released on Monday in Asia, it now...

Warm Weather Challenges The Holiday Shopping Season As Heavy Winter Sweaters And Coats Pile Up In Stores

As the crucial holiday shopping season draws near, executives at big retailers like H&M claim that unseasonably warm autumn weather from the United States to Europe is hurting sales of bulky sweaters and coats. Some stores have already slashed prices to avoid having surplus inventory. ...

As The Economy Sputters, Euro Zone Inflation Drops To Its Lowest Level In Two Years

In September, the euro zone's inflation rate dropped to its lowest level in two years, signalling that the European Central Bank's steady diet of interest rate increases was working to tame inflationary trends, but at an increasing cost to economic development. According to Eurostat's...

Bank of America expects soft landing of the US economy

According to Brian Moynihan, Chief Executive of Bank of America Corp., analysts still predict a "soft landing" for the American economy rather than a downturn. "There won't be a recession," he added, pointing out that despite a minor dip since the beginning of the year, consumer spending is still...

A Record Number Of Chinese To Spend Their Holidays At Home As The Economic Downturn Strikes

This Golden Week holiday, a record number of Chinese people are choosing to stay at home instead of travelling, which could increase domestic consumption but dismays travel agencies who have been waiting for high-spending tourists to return to other countries since the pandemic ended. The...

U.S. bank deposits decline for the year, first time in history

The overall volume of deposits in the U.S. banking sector decreased in annualized terms for the first time from 1994, since S&P Global Market Intelligence started performing such estimates. Deposits stood at $17.269 trillion as of June 30, a 4.8% decrease from the same period last year, according...

Share of US companies with investment rating in convertible bond market hits 30%

U.S. companies with investment-grade ratings are becoming more active in placing convertible bonds as they attempt to limit losses from rising borrowing costs brought on by aggressive rate hikes by the Federal Reserve, the Financial Times writes. According to Bank of America, investment-grade...

IEA urges to cut fossil fuel demand by 25% by 2030

According to a report by the International Energy Agency (IEA), the demand for fossil fuels must be reduced by 25% by the end of the decade in order to stop global warming By 2030, demand for coal, oil, and natural gas must each decline from 5.8 billion tons in 2022 to 3.25 billion tons, 77 million...