The biggest economy in Africa, Nigeria, is going through one of its worst crises ever. The nation's inflation rate hit 29.9% in January, the highest since 1996, according to the National Bureau of Statistics. Inflation increased by 0.88% on an annualized basis and 0.98% on a monthly basis....

In 1989, during the heyday of the bubble economy, Japanese equities reached a record high that they broke on Thursday. This is because of corporate reforms and low valuations that are luring overseas investors seeking alternatives to the volatile Chinese markets.   Above the previous...

Preliminary estimations show that the economies of nations - members of the Organization for Economic Cooperation and Development (OECD) expanded by 0.4% in the fourth quarter of 2023 compared to the preceding three months. The number increased by 0.5% in the third quarter. The G7 countries' GDP...

Rio Tinto, an Australian miner, reduced its net profit in 2023 from a revised $12.39 billion to $10.06 billion. This represents a 19% reduction. The company noted in a press release that underlying profit, which takes into account a variety of one-time variables, decreased to $11.76 billion from...

Bitcoin is soaring right now.   The largest cryptocurrency in the world has increased in value by 22% to $52,005 this year, surpassing the $1 trillion market cap for the first time since its historic peak in late 2021.   According to CoinGecko data, its comeback has energised the...

The biggest producer of platinum, Anglo American Platinum (Amplats), stated in a presentation that it anticipates a drop in platinum production to 3-3.4 million ounces in 2025–2026. Over the coming years, Amplats expects that platinum will continue to be slightly in short supply due to the solid...

Five-year loan rates were reduced from 4.2% to 3.95%. The People's Bank of China (PBOC), the nation's central bank maintained the benchmark one-year loan rate (LPR) at 3.45% annually, the lowest level in recorded history. Five-year loan rates were reduced from 4.2% to 3.95%. The rate was lowered...

The French government's estimate for GDP growth in 2024 was dropped to 1% from 1.4%, according to French Finance Minister Bruno Le Maire, as the economic picture was clouded by the conflict in Gaza and Ukraine as well as a slowdown in major trading partners China and Germany. He added that...

According to official data, China's tourism earnings for the Lunar New Year holidays ending on Saturday exceeded 2019 levels and increased by 47.3% year over year due to a surge in internal travel during an extended break.   The second-largest economy in the world has been dealing with...