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OpenAI starts talks with Microsoft about new funding and future IPO 05/12/2025

Markets Rally on US–China 90-Day Tariff Pause as Investors Brace for Protracted Talks 05/12/2025

U.S. Slashes China ‘De Minimis’ Tariff to 54% as Trade Truce Takes Effect 05/13/2025

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Economics

US markets fall amid news of bankruptcy risk for China's biggest real estate developer

Monday was the worst day for the US market in almost a year. The sell-off was triggered by investor fears over the possible bankruptcy of Evergrande, China's biggest real estate developer, and expectations of a reduction in the Fed's stimulus programmes. The US market on Monday posted its biggest...

China Formally Applied To Join Pacific Trade Pact CPTPP

Following a formal application by China, the second largest economy of the world, to join the Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP), its leading member Japan said that it would have to be determined if China met the "extremely high standards" of the CPTPP....

Investors Rattled By World Bank China Rigging Scandal

Following revelations about World Bank leaders putting pressure on staff to enhance China's score in one of its influential reports of the global body that ranks countries on the ease of doing business in a country, dismay at the incident was expressed by a number of investors and campaigners....

Pressure On Staff To Boost China’s Ranking Was Exerted By Former World Bank Boss Georgieva

An investigation at the World Bank has revealed that "undue pressure" on the organization’s staff was imposed by leaders at the bank, including the then-Chief Executive Kristalina Georgieva, to enhance ranking of China in its "Doing Business 2018" report. Concerns about China's influence...

ECB sets to bring eurozone inflation down to 2%

The European Central Bank (ECB) plans to reach its 2% inflation target by 2025, the Financial Times reported, citing internal documents from the regulator. "The European Central Bank expects to reach its elusive 2% inflation target by 2025, according to unpublished internal scenarios," the...

UN expects 50-Year record growth of world economy

The world economy will pick up from the COVID-19 pandemic and will rise by 5.3 percent in this year, the highest rate in nearly 50 years, states a report from UNCTAD. However, in the nexy year, the growth is expected to slow to 3.6%. According to the organization, in 2021 the world economy is...

Already High Home Paint Prices Slated To Rise More

A shortage of supplies and higher prices are making it harder for do-it-yourselfers, consequently making it even more aggravating for the home improvement segment. One of the major ingredients of home improvement – paints, is getting more expensive by the day. There is a...

New ESG Standard For Certification For Hydro Power Projects Launched To Attract Investors

An environmental, social and governance (ESG) performance standard has been introduced in the global hydro-electric industry by the Hydropower Sustainability Council (HSC) that aims to increase transparency and accountability in the industry. The HSC also hopes that this measure and companies...

IIF: World debt reaches record $296T

World debt reaches an all-time high of $296 trillion in the second quarter of 2021, according to a report by the Institute of International Finance (IIF). "World debt increased by $4.8 trillion in the second quarter of 2021, reaching a record high of $296 trillion," the organization writes. At...

CNBC: Gas reserves in Europe and USA reach their lowest levels

Natural gas inventories for the winter period in Europe and the United States are significantly below the average for the last five years. In the event of an early, cold winter, this could lead to fuel shortages and higher gas prices amid rising demand. Gas shortages in Europe could force the...