Although Americans spent more money on goods and services in July than they had in the previous six months, predictions that the Federal Reserve would leave interest rates steady next month were solidified by monthly inflation rates that were declining.   The likelihood of a recession this...

According to government data and interviews with enterprises, Chinese exporters are employing a complex currency swap method to postpone turning their dollar revenues into yuan out of concern that they will lose out on possible increases in the U.S. currency.   The fact that China's state...

The administration has roughly 50 humanitarian initiatives planned in all. The German government has approved a set of economic support measures. As a result, the total amount of funding now equals €7.035 billion annually up to and including 2028, according to a draft law quoted by Handelsblatt....

The average retail price per liter was 185.6 yen. The average retail price of gasoline in Japan reached 185.6 yen per liter, which is the highest price ever since the start of the statistics in 1990, reports the country's Ministry of Economy, Trade, and Industry. Fuel costs in Japan have...

As the labour market gradually slowed down, there were fewer job postings in the United States in July, which raised hopes that the Federal Reserve would maintain interest rates at their current levels next month.   The Labour Department's Job Openings and Labour Turnover Survey, or JOLTS...

According to a statement from the French energy business TotalEnergies, the company would support efforts to keep gasoline prices at its French gas stations at €1.99 per litre through the end of the year. "In the current context of rising fuel prices, TotalEnergies maintains its commitment to...

The heads of the two institutions dispelled on Friday any hopes that the 2% inflation target long targeted by the U.S. Federal Reserve and the European Central Bank might be subject to adjustment.   Both Fed Chair Jerome Powell and ECB President Christine Lagarde made it clear that they...

Erin Yao wishes to learn street dance and travel, two things she was unable to accomplish in China for three years because to COVID-19 limitations.   She is saving more of her income than she did during the pandemic, when she felt driven to stock up on essentials, contrary to what many...

The second quarter of Germany's economy was flat compared to the first three months, showing no signs of recovery from the winter recession and solidifying its place as one of the worst major economies in the world.   The second quarter's zero growth figure matched a preliminary projection...