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...

According to Bloomberg, stock markets in the Asia-Pacific region are getting ready for their busiest week in two and a half years with companies racing to raise funds before the U.S. presidential election. Around 20 Asian businesses are set to finish IPOs during this week. The sum of those...

Recent developments in the Eurozone economy have sparked discussions among policymakers about the necessity of reducing interest rates. This potential shift is driven by a combination of moderating inflation, sluggish economic growth, and a reassessment of previous economic forecasts.   On...

The U.S. budget deficit for fiscal 2024 has surged to $1.833 trillion, marking the highest level outside the COVID-19 pandemic era. The Treasury Department's report highlights the growing concern surrounding federal debt, as interest payments on the debt exceeded $1 trillion for the first time....