As the auto industry was hit hard by Western sanctions over the conflict in Ukraine, spending on new cars in Russia more than halved last year. Production fell, prices shot up, and consumers began to turn to used cars that were less expensive.   Russian economic restraints have undoubtedly...

The U.S. Federal Reserve is expected to raise interest rates three more times this year, according to Goldman Sachs and Bank of America, who raised their projections after data indicated persistent inflation and a robust labor market.   According to data released on Thursday, producer prices...

A mechanism for joint fertilizer purchases within the EU was suggested by the European Parliament. The European Parliament recommends that the European Commission (EC) look into the possibility of developing a mechanism for joint fertilizer procurement for the European Union (EP). According to...

After three years, the world's largest factory and most populous country finally opened for business, sparking a surge in demand as well as worries that it will exacerbate inflationary pressures around the world. However, economists claim that investors shouldn't worry too much.   China's...

According to the CEO of American software company Palantir, the effective use of artificial intelligence (AI) by Ukraine to target Russian forces has brought the technology to the attention of military and political leaders worldwide.   CEO Alex Karp stated at the first international summit...

After two consecutive months of declines, US retail sales increased in January for the first time in nearly two years as consumers increased their purchases of automobiles and other goods, demonstrating the economy's ongoing resilience despite higher borrowing costs.   The Federal Reserve...

The euro area's gross domestic product (GDP) dynamics are still positive. According to Reuters, which used data from Eurostat, the figure had increased by 0.1 percent from the previous quarter (up 1.9 percent annually) by the end of 2022. The information matched statisticians' early prediction from...

According to the majority of economists surveyed by Reuters, who predict no reduction in interest rates by year's end, the US Federal Reserve will increase interest rates at least twice more in the upcoming months, with the possibility that they will rise even further.   Due to the majority...

According to Bloomberg, the American maple syrup industry is under threat from warm winters. American producers are forced to relocate further north as a result of global warming. The maple syrup business in Canada, however, can only gain from climate change. Canada and the northern United States,...