The Federal Reserve could switch to smaller interest rate increases starting in December if the labor market conditions loosen up as indicated by the fact that American employers probably hired the fewest workers in almost two years in October and increased wages at a moderate pace.   It is...

The Group of Seven wealthy nations and Australia have decided against adopting a floating rate when they finalize a price cap on Russian oil later this month, sources said on Thursday.   In order to prevent the EU and U.S. sanctions intended to restrict Moscow's ability to finance its...

The Bank of England increased interest rates on Thursday from 2.25% to 3%, the highest rate increase since 1989, as it issued a warning about the "very challenging" economic outlook.   The central bank predicts that during the current quarter, inflation will reach a 40-year high of...

According to governor Tiff Macklem of the Bank of Canada, the idea of a further significant increase in interest rates to combat exceptionally high inflation has not been ruled out. He claimed that although rate increases are causing the Canadian economy to slow down, demand is still too high....

When announcing its third-quarter production statistics, the Anglo-Swiss commodities trader Glencore reduced its annual predictions for a number of commodities downward. The corporation blamed the adverse effects of miners' strikes, floods, and issues with supply chains. Production decreased in...

Due to weakening global demand and strict domestic COVID-19 curbs, which had an adverse effect on production, travel, and shipping in the second-largest economy in the world, China's factory activity unexpectedly decreased in October.   Although China's economic growth exceeded expectations...

The International Energy Agency (IEA) stated on Thursday that the decline in Russian fossil fuel exports following its invasion of Ukraine this year will change the global energy landscape for decades and can help to speed up a switch to green energy.   The annual World Energy Outlook from...

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...