According to official figures, British inflation dropped more than forecast in June and slowed to 7.9%, which will lessen some of the pressure on the Bank of England to continue hiking interest rates substantially.   As the Office for National Statistics reported that the consumer price...

In recent years, the luxury goods business has relied primarily on China and North America for growth, but recent Chinese economic numbers and a disappointing sales report from Cartier-owner Richemont show that both markets may be slowing.   Major luxury brands have spent millions of dollars...

The mines will open in the provinces of South Kivu and Maniema. The message from the governments states that the deal reached with Sakima calls for the construction of four industrial mines in the South Kivu and Maniema provinces. At that, it is now unclear which minerals would be extracted under...

António Guterres emphasized that the emergence of generative artificial intelligence "amazed and shocked" him. By 2030, the field of artificial intelligence (AI) could have made up to $15 trillion in contributions to the world economy, said UN Secretary-General António Guterres at a meeting of the...

The second quarter saw China's economy expand at a sluggish rate due to weak domestic and international demand. As a result, pressure on officials to provide additional stimulus to support activity increased.   It will be difficult for Chinese policymakers to maintain the economic recovery...

Washington "looks forward to working with India on an investment platform that will lower the cost of capital and increase private investment to accelerate India's clean energy transition," US Treasury head Janet Yellen stated. A deal between India and the US for a system of global minimum taxes is...

S&P Global Market Intelligence, a media holding firm, reports that businesses are concerned about rising inflation and high interest rates. Since 2010, a record number of American businesses have declared bankruptcy, with the consumer sector seeing the majority of these filings, shows data from the...

Some nations may decide to diversify their supply chains beyond China as a result of China's restrictions on the export of germanium and gallium as metals.   “This could be a wake-up call for some [countries] to gradually build up production elsewhere,” Stewart Randall of Shanghai-based...

According to the OECD, more than a quarter of employment in the region depend on abilities that the impending artificial intelligence revolution might readily automate, and people worry that AI would replace them with robots.   There are 38 members of the Organisation for Economic...