According to a plan announced by authorities on Monday, China intends to increase the country's aggregate computing capacity by more than 50% by 2025, as Beijing increases its focus on supercomputing and artificial intelligence developments.   The idea comes amid increased competition...

After the release of data on the US labor market, yields on US Treasury bonds spiked dramatically in Friday's trading, reaching 16-year highs. Ten-year US Treasury bond interest rates increased by 17 basis points to 4.887 percent annually. The yield on 30-year securities exceeded 5.05% for the...

More US jobs were added than was anticipated in the previous month, which increased speculation about potential future interest rate increases. In September, employers added 336,000 positions, more than double the 170,000 predicted, according to Labour Department data.   Data for August was...

In the first half of 2024, debt-ridden enterprises in Europe, the Middle East, and Africa will have to compete for $500 billion in refinancing, a struggle that could lead to the demise of many "zombie" corporations even though an anticipated peak in interest rates may provide some relief.  ...

Cheap Labour was formerly Asia's competitive advantage. According to the heads of global and Asia macro at KKR, industrial services now give this region an advantage over China, India, or Japan.   The private equity behemoth claimed it covers logistics, waste management, and data centres....

Singapore continues to lead the list of nations with the highest levels of financial inclusion, or the population's access to high-quality financial goods, writes CNBC. The city-state of Singapore has a population of only 6 million, which helps to explain its leadership. Other factors contributing...

On Wednesday, a relentless selloff in global government bonds pushed German 10-year yields to 3% and U.S. 30-year Treasury yields to 5% for the first time since 2007, actions that might hasten a global slowdown and harm stocks and corporate bonds.   Ever-resilient U.S. economic statistics, a...

According to a survey, the demand for goods and services declined in September at the sharpest rate in almost three years as indebted consumers restrained their spending in the face of rising borrowing costs and increased prices. This suggests that the euro zone economy shrunk last quarter.  ...

According to the South Asia Development Update study from the World Bank (WB), South Asia will have the fastest rate of growth among developing nations in the next years. The WB increased its estimate of South Asia's GDP growth for 2023 from 5.6 percent to 5.8 percent. The region's forecast for...