According to European Central Bank President Christine Lagarde, decarbonization, demographic shifts, and deglobalization are all impending and Europe is currently at a pivotal point in its history.   “There are increasing signs that the global economy is fragmenting into competing blocs,”...

According to the chief investment officer of UBS Wealth Management, growth in China may be lower but "of probably better quality" in 2024, while the US economy will slow down in 2024 but not to negative levels. Growth in Europe will also continue to be sluggish. UBS's baseline scenario for 2024...

Despite a slew of new export restrictions meant to impede developments in the nation's semiconductor industry, a report on Tuesday claimed that Chinese companies are purchasing American chipmaking equipment in order to produce cutting-edge semiconductors.   The Biden administration's October...

Though concerns about whether final growth data, which are expected early next year, will show a plus or minus sign in front, are ignoring the wider picture, it appears that the euro zone is in the midst of another recession.   The good news is that a severe contraction that could leave...

According to data from the US Labor Department, consumer prices (CPI) increased 3.2% in October 2023 compared to the same month the previous year. Inflation decreased from 3.7% in September. According to Trading Economics, the consensus estimate called for a slowdown to 3.3%.   After...

According to Goldman Sachs, an improving economic environment, fair prices, and long-term bond yields staying at current levels will allow the European STOXX 600 Index to reach 480 points next year, up 7.5% from its current levels. Since the start of the year, the STOXX 600 Index, which is...

The quest by the auto industry to produce electric car motors with minimal or no rare earth content has reached a fever pitch, with suppliers and automakers from the US, Europe, and Japan vying for market share against China.   Since these motors are the best at producing the torque needed...

According to Trading Economics, the price of lithium carbonate in China dropped below 200,000 yuan ($20.6 thousand) per ton, marking the lowest price in over two years, having peaked in September 2021. The situation resulted from growing stocks accumulated in the face of declining worldwide demand....

The European Central Bank will be able to begin decreasing interest rates in "a couple of quarters," according to ECB President Christine Lagarde at a Financial Times conference. If present rates are maintained for a long enough period of time, she believes inflation in the eurozone will slow to...