According to Economy Minister Sergio Massa, the Argentine government has decided not to impose a tax on the oil industry in an effort to reduce fuel price increases and increase the availability of gasoline. Due to a shortage of gasoline and diesel, huge lineups have formed outside gas stations in...

The central bank of Japan increased its expectations for both projected inflation and GDP growth. The country's GDP growth estimate for the current fiscal year, which runs from April 1, 2023 to March 31, 2024, has been lifted by the Bank of Japan (central bank) to 2% from 1.3% projected in July,...

Preliminary estimates indicate that annual inflation in the eurozone decreased from 4.3% in September to 2.9% in October, as per Eurostat data. A DailyFX survey of analysts predicted that the percentage will drop to just 3.1 percent. The eurozone saw 10.6% annual inflation exactly a year ago. A...

Germany's consumer prices, adjusted to EU norms, rose by 3% annually in October, according to an early report released by the Federal Statistical Office of the nation (Destatis). From 4.3% in September, inflation dropped precipitously and to its lowest level since June 2021. According to Trading...

The G7 industrial powers, who were prompted by China to impose import restrictions on Japanese food items after Japan started leaking wastewater from the Fukushima nuclear power plant, demanded on Sunday the "immediate repeal" of such restrictions.   In a statement released following their...

According to a report by the US Ministry of Commerce, the country's population's incomes rose by 0.3% in September over the previous month. Americans' expenses went up by 0.7%. According to Trading Economics, experts projected an increase in revenue of 0.4% and 0.5% in expenses, on average....

The announcement by China's aviation authority that it will raise domestic flight levels to 34 percent over pre-pandemic levels is expected to accelerate Chinese airlines' recovery.   China's main airlines on Friday announced their first quarterly profits in over three years, stoking...

As investors anticipate a Federal Reserve meeting and important U.S. data in the next week, they are keeping an eye out for any indications that the situation in the Middle East may worsen over the weekend, which might increase volatility.   As ground operations against Hamas militants...

High inflation will plague the global economy next year, according to three-quarters of over 200 economists polled by Reuters, with the major danger being that it is bigger than expected, implying that interest rates will remain higher for longer.   Several central banks are still projected...