In 2023, global food prices decreased by 13.7%, shows a review by the FAO (Food and Agriculture Organization of the United Nations). Although there was a 16.6% increase in the cereal price index in December compared to November, the statistics were still behind those of the previous year. The price...

A US watchdog's plan to oversee businesses such as Apple and Alphabet's Google, which provide digital wallets and payment apps, risks impeding innovation and pushing some players out of the market, their advocacy organisation said on Monday.   The warnings from the Computer &...

According to Peter Oppenheimer, head of macro research in Europe at Goldman Sachs, the world economy is entering a new "super cycle," driven by artificial intelligence and decarbonisation.   “We are moving clearly into a different super cycle,” he told CNBC on Monday.   Super cycles...

US hiring was surprisingly robust last month, despite predictions that the economy would slow down. The Labour Department said that employers added 216,000 new jobs while the unemployment rate remained at 3.7%.   The gains, which continued one of the best job growth streaks ever recorded,...

The global economy will be on the verge of a recession in 2024 and overall GDP growth may only reach 2.6%, writes Reuters. Recession is defined by the International Monetary Fund as a worldwide GDP decline of less than 2.5 percent, according to reports.  The World Bank had anticipated that...

A survey released on Thursday revealed that the euro zone's economy was in recession as the contraction in business activity persisted at the end of 2023, primarily due to a sustained downturn in the bloc's leading services industry.   After a preliminary estimate of 47.0, HCOB's Composite...

With the euro zone's activity declining in December for the eighteenth consecutive month and Asia's industrial powerhouses suffering from China's erratic economic recovery, global factories had a poor end to 2023.   A number of factory purchasing managers' indices that were released on...

Analysts expect that when inflation and interest rates decline in 2024, U.S. business earnings will rise more quickly; nonetheless, concerns about a faltering economy remain.   According to projections compiled by LSEG, S&P 500 earnings are predicted to rise 11.1% overall in 2024 after...

According to a survey, factory activity in the euro zone concluded 2023 weakly, declining in December for the 18th consecutive month. The survey also showed few indications of an impending robust recovery in what is probably a recessionary economy.   The final HCOB euro zone manufacturing...