In the third quarter of 2023, the economies of the G20 countries grew by 0.7% in comparison to the prior three months, as per an early report released by the Organization for Economic Co-operation and Development (OECD). GDP growth increased in contrast to the revised 0.6% growth in the second...

As expected, the ECB maintained the benchmark interest rate at 4.5% annually. According to a statement from the watchdog, the European Central Bank (ECB) maintained the benchmark interest rate at 4.5% per year during its meeting on Thursday. This rate is still historically high. The regulator's...

The White House said on Thursday that the Biden administration would impose inflation penalties on hundreds of pharmaceutical companies, thereby lowering Medicare beneficiaries' out-of-pocket expenses.   A section of President Joe Biden's Inflation Reduction Act (IRA) penalises...

The international rating agency Fitch Ratings updated its short- and medium-term pricing estimates for coal, iron ore, and base metals. These estimates are used in the agency's projections of operating activities and the financial performance of industry participants. The agency said in a statement...

Was 2022 the year that "broke bitcoin"? If so, 2023 has been the year of healing from trauma.   Fortunately, despite low trading volumes, weak cryptocurrency prices, and challenging economic conditions, Bitcoin has rebounded. After a summer lull, it even got a boost in October.  ...

According to the British Chamber of Commerce in China, 60% of British businesses believe that a slowing Chinese economy will pose a greater obstacle to their operations in the massive Asian nation than the severe COVID restrictions that were in place until late last year.   The chamber's...

According to the Financial Times, the National Stock Exchange of India (NSE) could soon overtake the Hong Kong Stock Exchange in terms of issuers' total capitalization and rank seventh globally. The World Federation of Exchanges (WFE) reports that as of the end of October, issuers whose shares were...

The U.S. Federal Reserve is now expected to drop interest rates twice in 2019, with Goldman Sachs pushing back its prediction for the first reduction to the third quarter due to declining inflation.   As previously forecasted by the brokerage, the Fed will start lowering rates in December of...

This Christmas season, Mondelez, the owner of Cadbury and creator of Quality Street, is witnessing increasing candy sales in Britain due to budget-conscious consumers looking for less expensive presents.   Analysts and consumer companies report that this year's shoppers are purchasing gifts...