The 2024 estimate was downgraded to 1.9%. International rating agency Fitch revised up the forecast for the global GDP growth for 2023 from 2.4% to 2.5%. The forecast for global economic growth in 2024 has also declined, from 2.1% to 1.9%. The most recent Global Economic Outlook stated that...

As shares in Chinese EV manufacturers fell, Beijing criticised the European Commission's decision to open an investigation into China's electric vehicle (EV) subsidies as protectionist and warned that it would harm economic and trade relations.   Ursula von der Leyen, president of the...

Due to Saudi Arabia's drop in output, the global oil market may see a supply shortage of around 3.3 million barrels per day in the fourth quarter, reports Bloomberg referring to the OPEC report from September 12th. The fall in Saudi Arabia's oil production and Russia's exports might put pressure on...

According to a statement from the bank, French bank Societe Generale and the Canadian investment firm Brookfield Asset Management will put €10 billion into a direct lending fund. The fund will start off with €2.5 billion as seed money, and over the course of four years, it will grow to a total of...

On Sunday, U.S. President Joe Biden reached agreements with Vietnam on semiconductors and minerals, elevating Washington to Hanoi's highest diplomatic standing alongside China and Russia. Vietnam is a strategically important Southeast Asian country.   Since the U.S. considers the industrial...

The World Bank and the Ukrainian Finance Ministry have updated their project portfolio which consists of 20 projects totaling $20 billion in grant money, €1 billion in loan monies, and five projects worth $5.5 billion. It was the first portfolio modification since 2021, said Gevorg Sarkisyan, head...

On the eve of the G20 conference in New Delhi, world leaders unveiled a multilateral rail and port agreement connecting the Middle East and South Asia.   The agreement comes at a crucial time as American President Joe Biden works to oppose China's Belt and Road initiative on global...

According to data released on Saturday, China's consumer prices stabilised in August while factory-gate price cuts slowed as deflationary pressures eased amid signs of economic stabilisation.   However, analysts claim that in light of a sluggish labour market recovery and uncertain household...

Beijing's expanding restrictions on iPhone usage by government employees left American lawmakers worried and stoked worries that American tech companies with significant exposure to China would suffer from escalating tensions between the two nations.   Following reports that Beijing had...