China's lack of expertise with difficult debt restructurings, as well as delayed coordination among its state lenders, is delaying debt relief for Zambia, a test case for the top emerging market creditor, according to reports quoting sources with knowledge of the matter.   Zambia became the...

According to analysts questioned by CNBC, the global economy will have challenges in the next months, but a possibility of a recession is premature and implausible. Higher expenses and slower economic growth are among the biggest issues which the global economy is facing during the next year and a...

Battery metal prices, such as lithium, cobalt, and nickel, are expected to fall over the next two years due to oversupply induced by green energy investors, says Goldman Sachs. According to Bloomberg, prices for three essential battery metals - cobalt, lithium, and nickel - will plummet in the next...

Major U.S. retailers who recently hurried to resupply shelves due to inventory shortages said this week that their stores are again overflowing with merchandise, and some are even discounting unsold items, which was unfathomable only a few months ago.   It's an indication that, in the face...

Energy security has become a primary worry for importers, according to energy executives, as expectations of tighter gas supply and volatile prices in the coming years put buyers on edge and stymie the push toward decarbonisation.   Europe is importing record amounts of liquefied natural gas...

The economy of the United Kingdom is straying farther off course as prices rise. According to insolvency firm Company Debt, a third of fish and chip businesses are at risk of going out of business this year due to a "perfect storm" of price pressures.   In just a year, prices for Britain's...

According to the minutes of the May meeting of the US Federal Reserve (Fed), a majority of participants believe that a new 50 basis point interest rate hike at the regulator's next meetings is acceptable. According to the document, "a majority of participants considered that a 50 basis point...

According to business leaders and policymakers at the World Economic Forum, a rising global food crisis is prompting countries to take protectionist measures, which are likely to exacerbate the problem and could lead to a wider trade war.   A government source told Reuters that India may...

According to the country's Attorney General Merrick Garland, Swiss commodity trader Glencore would have to pay about $1.2 billion to settle legal allegations from US authorities. The business is accused of bribing officials in multiple nations and manipulating oil prices in two US ports, according...