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Europe’s Slow Self-Driving Push Risks Technological Dependence, Warns Bolt CEO 10/17/2025

Trade Turbulence Drives Chinese Exporters Away from U.S. as Tariff Uncertainty Deepens 10/17/2025

FT names leading contenders for majority stake in Starbucks' China business 10/17/2025

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Economics

Nike buys NFT sneakers manufacturer

US sportswear manufacturer Nike has acquired virtual sneakers and collectibles maker RTFKT, according to a company press release. "Nike, Inc. today announced the acquisition of RTFKT, a leading brand that uses cutting-edge innovation to create next-generation collectibles," the statement said. The...

Share Of The Super-Rich In Global Wealth Boosted By Pandemic

A research published recently indicated that billionaires' proportion of family wealth increased by a record amount during the epidemic, with millionaires also benefiting from Covid-19. According to the World Inequality Report, created by a network of social scientists, billionaires...

Fitch cuts global GDP growth forecast again

International rating agency Fitch Ratings downgraded its global GDP growth forecast for the year to 5.7% from the 6% forecast in September, the agency said in its December global economic outlook. Fitch Ratings: Credit Ratings & Analysis For Financial Marketshttps://www."We have lowered the...

OPEC secretary general assesses alternatives to oil and gas

Despite the rapid development of renewable energy sources, oil and gas will remain the world's primary sources of energy until 2045, with their proportion of the global energy mix remaining at more than 50%, according to OPEC Secretary General Mohammed Barkindo. "Some argue that oil and gas should...

Japan's GDP falls by 3.6% year-on-year in Q3

Japan's GDP in the third quarter of 2021, according to the final estimate, fell by 3.6% year-on-year (if GDP had been falling at the same rate for four consecutive quarters), government figures show. Analysts polled by DailyFx had expected a 3.1% decline. By the previous quarter, Japan's GDP had...

Investors start dumping shares in Asian companies after omicron emerges

Following the development of the omicron coronavirus strain, investors have begun fleeing from shares in Asian companies. According to Bloomberg, the region was severely impacted by the last delta strain, and market investors chose to hedge their chances. Following the discovery of a new form of...

Georgieva Says Growth Downgrades Likely Because Of Emergence Of Omicron Variant

The global economic growth projections made by the International Monetary Fund would likely be reduced due to the emergence of the Omicron variant of the coronavirus, according to IMF Managing Director Kristalina Georgieva. "A new variant that may spread very rapidly can dent confidence,...

Worst Performance Since March 2020 In November For Hedge Funds Due To Omicron-Linked Volatility

November appears to have been the worst month for global hedge fund performance since the novel coronavirus initially shut down economies at the outset of the Covid-19 epidemic, thanks to Omicron-fueled market volatility. According to early statistics from industry analysis company...

Reuters: S&P 500 to rise by 7.5% in 2022

According to analysts and strategists surveyed by Reuters, the S&P 500 index would climb 7.5 percent from the beginning of December this year to the end of 2022, bringing it to 4,910 points. This is much lower than the predicted growth in 2021, when the S&P 500 is expected to rise by 21% over...

Fed: US economy grows moderately but is held back by supply disruptions

The US economy grew at a moderate pace in most counties in October and November, but growth was held back by supply chain disruptions, according to the Beige Book, a summary of the Federal Reserve's (Fed) comments on the country's economic situation. "Economic activity grew at a moderate pace in...