According to official data, China's tourism earnings for the Lunar New Year holidays ending on Saturday exceeded 2019 levels and increased by 47.3% year over year due to a surge in internal travel during an extended break.   The second-largest economy in the world has been dealing with...

The escalation in the Red Sea has resulted in a 10-15 day increase in delivery times from Asia to Europe, according to European Commissioner for Economic Affairs Paolo Gentiloni. Transport expenses have increased by 400%. "Due to the redirection of shipments from the Red Sea, delivery times between...

According to a US Department of Labour data released on Friday, wholesale prices in the US increased more than anticipated in January, further clouding the picture of inflation. The largest increase since August was recorded by the producer price index, which tracks the prices paid to domestic...

While rolling over medium-term loans that were about to mature, China's central bank kept a key policy rate steady on Sunday as was predicted. Beijing's monetary policy options are limited by the Federal Reserve's unclear future. Beijing is maintaining economic support at a time when indications...

Despite the economy entering a recession, the Bank of Japan is expected to remove negative interest rates in the next months, according to reports quoting information from people familiar with its plans. However, because of the country's poor demand, they may wait to take action until they have...

With consumers resuming their spending habits in January, British retail sales surged at their fastest rate in over three years, indicating that the economy may rebound swiftly from the recession that it entered in the latter part of last year. Sales volumes rose 3.4% from December,...

IMF: Debt levels have reached their highest points in half a century in a number of nations worldwide. The International Monetary Fund's (IMF) Research Department deputy director, Antonio Spilimbergo, stated that debt levels are currently at their highest points in half a century in many countries....

The World Bank said in a joint statement posted on its website that the UN, EU, Kiev, and others estimate the cost of reconstructing Ukraine over the next ten years to be $486 billion, up from $411 billion last year. "Following nearly two years of Russia's full-scale invasion into Ukraine, the...

Chu Yi, who is opting to "lie flat"—a Chinese euphemism for people who work just enough to afford to spend their time on what they enjoy—is faced with dwindling job opportunities as the economy slows down. The 23-year-old, who is currently residing in Shanghai, was employed by a fashion company...