On Thursday, U.S. Treasury Secretary Janet Yellen stated that slower pay growth is not a danger to drive up inflation and that the current state of employment in the country is beginning to resemble the labour market before the COVID-19 epidemic.   The job market has slightly cooled off and...

All but two of the 65 economists surveyed by Reuters predict that the Bank of England will begin reducing interest rates in August, and most of them anticipate at least one more decrease this year despite stubbornly strong inflation in wages and services.   In order to combat rising pricing...

The European Commission notified manufacturers that starting in July, it will levy additional taxes of up to 38.1% on Chinese electric vehicles imported into the country. China denounced this decision as protectionist, but the auto industry dismissed it as having little bearing.   In less...

The International Energy Agency has projected that global spending on clean energy technology and infrastructure will exceed $2 trillion in 2024, despite the fact that increased financing costs deter new projects, particularly in emerging and developing nations. According to the IEA study, these...

Vladimir Putin, the president of Russia, stated on Friday that the percentage of commerce that takes place in rubles has risen to over 40% from dollars, euros, and other "non-friendly" Western currencies.   Speaking at the St. Petersburg International Economic Forum (SPIEF), Putin stated...

While cricket may not be as well-liked in the United States as it is in other countries, a number of well-known investors and CEOs are working to alter that. An estimated $1 billion has been invested by investors in the United States as their enthusiasm for the Men's T20 Cricket World Cup, which...

Countries all around the world are changing course after forcing borrowing costs considerably up in recent years in an attempt to stem skyrocketing prices. The primary lending rate of the European Central Bank (ECB) was lowered from an all-time high of 4% to 3.75% on Thursday, marking the bank's...

France's long-term sovereign credit ratings in foreign and local currencies have been reduced from "AA" to "AA-" by S&P Global Ratings. The agency released a press release stating that the prognosis is "stable." The short-term ratings of France remain at "A-1+." The agency's researchers predicted...

China's manufacturing production unexpectedly declined in May, reinforcing calls for further stimulus as the country's chronic property crisis continues to undermine investor, corporate, and consumer confidence. China is the world's second-largest economy.   The National Bureau of Statistics...