Data supplied with Reuters indicated that Chinese car sales in Russia appear to have peaked as domestic production recovers following the departure of Western manufacturers. However, recent market expansion may slow as high import costs and borrowing rates start to pinch.   These numbers are...

To combat the nation's skyrocketing inflation, Turkey's central bank increased its benchmark interest rate to 40%.   The increase from the prior rate of 35% was significantly more than anticipated.   However, Turkey's central bank indicated that interest rates were getting close to...

Germany's statistics office released figures on Friday that indicated the country's GDP dropped little in the third quarter as compared to the preceding three months.   The data supported a preliminary projection that the largest economy in Europe shrank by 0.1% and was released in late...

The president of the International Energy Agency stated that the oil and gas sector needs to invest more in clean energy and get over the "illusion" that carbon capture technology can combat climate change.   “The industry needs to commit to genuinely helping the world meet its energy needs...

According to the IEA, 1% of investments in clean energy come from oil and gas corporations. The International Energy Agency (IEA) reports that oil and gas businesses would rather observe the energy transformation from the sidelines, contributing just 1% of all clean energy investment worldwide....

An employee was found wiping tables in an empty McDonald's outlet on a recent evening in Cairo. In the Egyptian capital, other Western fast-food franchises seemed to be closing their doors.   Since the deadly Hamas attack in southern Israel on October 7, all have been impacted...

Hedge funds lost over $43 billion in a few days due to their bets on the stock market's decline despite the expansion of the U.S. and European stock markets, the FT writes. According to the Financial Times, which cites data from the research group S3 Partners, hedge funds lost $43.2 billion over...

Changpeng Zhao, the founder and CEO of Binance, made the announcement on Tuesday in the Seattle court. Zhao plans to resign and enter a guilty plea for breaking anti-money laundering regulations, reports the Wall Street Journal. According to The Wall Street Journal, which cites sources, Changpeng...

Financial markets undervalue the UK's ability to sustain high rates of inflation, Bank of England Governor Andrew Bailey stated in a legislature, according to the Finance Times. In addition to confirming intentions to keep a tight monetary policy in place for some time, he said that investors place...