Diverse forecasts for the stock market and currency in 2024 have been made by investment banks and asset managers, indicating a fundamental disagreement about whether the US economy will experience the long-awaited global recession.   In sharp contrast to a year ago, when most analysts...

On Tuesday, rating agency Moody's issued a downgrade warning for China's credit rating, citing financial burdens on the world's second-biggest economy from having to support local governments, state-owned enterprises, and manage its real estate crisis.   Less than a month after it had...

At the COP28 climate summit in Dubai, there is a lot of hand-wringing over how slowly fossil fuel consumption is being reduced in order to combat climate change. Nonetheless, delegates might highlight the expanding global fleet of electric cars, which is already significantly reducing demand....

The global need for arms has grown dramatically, but global arms producers have not been able to keep up with the demand in 2022, shows the Stockholm Institute for Peace Research report (SIPRI). "Revenues from arms sales and military services of the 100 largest companies in the industry, despite...

During his speech at the 28th Conference of the Parties to the UN Framework Convention on Climate Change (COP28) in Dubai, World Bank Chief Ajay Banga announced that the organization has chosen to increase the percentage of its yearly funding for climate-related projects from 35 percent to 45...

FT: A record 8.54 million borrowers in China have experienced loan default. The Financial Times reports, citing government numbers, that the number of Chinese debtors facing nonpayment of loans has reached a record high, amounting to 8.54 million individuals. According to FT, the Republic's...

For the third consecutive month, euro zone inflation fell faster than anticipated in November, undermining the European Central Bank's thesis that price increase is unyielding and encouraging betting on early spring rate cuts against the bank's stated instructions.   A year ago, inflation...

The US Air Force has placed an additional $2.3 billion contract with US aerospace giant Boeing Co. for 15 KC-46A Pegasus tanker aircrafts. Delivery is scheduled for the end of July 2027. There have been 153 orders for KC-46A type aircraft placed worldwide so far. The US Air Force has already...

BMO Capital Markets analysts forecast that the S&P 500 index of US stocks will remain mostly unchanged until the end of 2023 and increase to 5100 points in 2024, reports MarketWatch. At Tuesday's closing bell, the indicator had a value of 4554.89 points. Experts therefore predict a rise of roughly...