The eurozone economy exceeded expectations in the third quarter of this year, posting modest growth even as ongoing global trade tensions and an underperforming industrial sector cast a shadow on future outlooks. The Eurostat data, released Wednesday, revealed that gross domestic product (GDP) in...

The U.S. economy's continued strength is casting a significant influence on the upcoming presidential election, where economic performance, inflation, and wage growth are pivotal points of contention. With the Commerce Department set to release its advance estimate of third-quarter gross domestic...

As demand for liquefied natural gas (LNG) in Asia surges, the Panama Canal is working to reclaim the LNG traffic it lost to longer routes around South America due to recent disruptions. The Panama Canal Authority (PCA) has introduced a new reservation system aimed at incentivizing U.S. LNG...

The European Union has made a bold move by imposing tariffs on electric vehicles (EVs) imported from China, escalating its stance in the competitive global EV market. The new tariffs, which are as high as 45.3%, aim to level the playing field for European carmakers by counteracting what the EU...

China is weighing a substantial fiscal initiative to inject over 10 trillion yuan ($1.4 trillion) into its economy, marking one of its largest moves to tackle internal economic challenges. Sources familiar with the matter indicate that the proposal could receive approval from the Standing Committee...

Global commercial insurance rates experienced a significant shift in the third quarter of 2024, marking the first quarterly decline in seven years, according to the latest Global Insurance Market Index released by broker and risk advisor Marsh. This decrease, driven largely by heightened...

Gold prices reached record highs this week, defying the strengthening U.S. dollar and rising Treasury yields. The precious metal's ascent comes amid global market uncertainty as investors prepare for potential economic turbulence linked to the U.S. Federal Reserve's policy decisions and the...

As the world faces heightened geopolitical instability and the growing influence of artificial intelligence (AI) in finance, the International Monetary Fund (IMF) has sounded a cautionary note on the evolving risks to global financial stability. While near-term global financial risks appear...

The International Monetary Fund (IMF) released its latest World Economic Outlook, highlighting mixed prospects for major economies while pointing to various challenges on the horizon. While the IMF has raised its economic growth forecasts for the United States, Brazil, and Britain, it has reduced...