The headline inflation rate in the United Kingdom fell significantly in July to an annual 6.8%, but the core CPI stayed steady, potentially giving the Bank of England a headache.   The headline CPI result, which came after June's lower-than-expected 7.9% reading, was in line with the...

Without additional assistance, economists believe China will gradually miss its 5% growth goal for this year.   The nation stopped publishing data on youth unemployment on Tuesday after it reached record highs recently. Other figures for July indicated a general slowdown, made worse by the...

According to the newspaper, Europe invested $8.7 billion in clean energy and electric vehicle startups, but the United States designated more than $21.7 billion for comparable initiatives. After the U.S. Inflation Reduction Act (IRA) was passed, European companies engaged in the development of...

China's central bank unexpectedly reduced key policy rates for the second time in three months, providing more evidence that policymakers are stepping up their monetary easing initiatives to support the economy's faltering recovery.   Analysts claimed that the action created the possibility...

In July, new home prices in China decreased for the first time this year. This is only the latest in a spate of unfavourable reports that indicate a rapid loss in the general economic momentum and highlight the need for more aggressive policy support to boost activity.   Reuters estimates...

Waiting times have climbed from eight to 18 days since July 10, according to shipping company Norton Lilly. The Panama Canal shoaled during the rainy season due to severe drought, and LNG tankers idled for an extended period of time, writes The Financial Times. The wait time for LNG tankers in...

A wide range of Chinese data released on Tuesday showed that there was increased pressure on the economy from several directions. As a result, Beijing slashed key policy rates to assist activity, but economists believe that additional support is still needed to revive growth.   China's...

In April through June, Japan's economy expanded considerably more quickly than anticipated thanks to brisk auto exports and tourist arrivals, which lessened the negative effects of a sluggish post-COVID consumer recovery, despite the likelihood of a worldwide recession casts doubt on the future....

Chinese contractors have received approximately 31% of contracts worth $50 million or more to build similar projects in Africa in 2022, according to the South China Morning Post. The largest infrastructure projects in Africa were built by Chinese contractors, who had to compete with Western firms...