According to a U.S. official, the Biden administration issued a warning to Beijing about its plans to amend regulations that limit the export of AI chips and chip-making equipment to China as early as October. This was done in an effort to normalise relations between the two giants.   The...

The initial public offering of German footwear manufacturer Birkenstock Holding Ltd. at the New York Stock Exchange is expected to raise up to $1.6 billion, the company stated. 10.75 million additional shares of Birkenstock will be issued, with prices ranging from $44 to $49 per share. L Catterton,...

Rising trade barriers, tech competition, and eavesdropping allegations are just a few of the factors contributing to tensions between the West and China.   As Washington and Beijing work to reduce their dependence on one another, the effects on international markets are profound, shattering...

In light of a slowing China, weak global demand, persistently high interest rates, and sluggish trade, the World Bank lowered its growth prediction for developing East Asia and the Pacific.   According to the World Bank's October report, which was released on Monday in Asia, it now...

As the crucial holiday shopping season draws near, executives at big retailers like H&M claim that unseasonably warm autumn weather from the United States to Europe is hurting sales of bulky sweaters and coats. Some stores have already slashed prices to avoid having surplus inventory.  ...

In September, the euro zone's inflation rate dropped to its lowest level in two years, signalling that the European Central Bank's steady diet of interest rate increases was working to tame inflationary trends, but at an increasing cost to economic development.   According to Eurostat's...

According to Brian Moynihan, Chief Executive of Bank of America Corp., analysts still predict a "soft landing" for the American economy rather than a downturn. "There won't be a recession," he added, pointing out that despite a minor dip since the beginning of the year, consumer spending is still...

This Golden Week holiday, a record number of Chinese people are choosing to stay at home instead of travelling, which could increase domestic consumption but dismays travel agencies who have been waiting for high-spending tourists to return to other countries since the pandemic ended.   The...

The overall volume of deposits in the U.S. banking sector decreased in annualized terms for the first time from 1994, since S&P Global Market Intelligence started performing such estimates. Deposits stood at $17.269 trillion as of June 30, a 4.8% decrease from the same period last year, according...