Economics

According to sources cited by Bloomberg, ADNOC, the state-owned oil company of the UAE, plans to approve a deal to acquire Covestro AG, a German chemical company, for 11.7 billion…

U.S. consumer confidence surged to a six-month high in August, driven by optimism about the economic outlook. However, growing concerns about the labor market, following an increase in the unemployment

With the US Federal Reserve signaling imminent interest rate cuts, investors are shifting their focus to upcoming economic data, questioning whether the “soft landing” narrative that has buoyed U.S. stocks

Australian households are facing escalating home insurance premiums as climate change intensifies the frequency and severity of natural disasters, according to a report released on Monday by the Actuaries Institute.

ExxonMobil Corp. anticipates that global oil demand will stay steady at the current level until 2050.

The U.S. Federal Reserve’s ability to control inflation has been bolstered by its credibility in financial markets, but this trust had to be earned through concrete actions, according to new

The U.S. Federal Reserve’s recent dovish turn offers temporary relief to the Bank of Japan (BOJ) in managing the yen’s weakness, yet it adds complexity to Japan’s path of raising

After months of grappling with a weakening yuan, China’s central bank now faces a new challenge: managing the currency’s unexpected strength. In August, the yuan has gained 1.3% against the

In a surprising shift in Spain’s kitchen preferences, sunflower oil has overtaken olive oil as the country’s most consumed cooking oil, driven by soaring olive oil prices. Spain, renowned as

At last month’s Federal Reserve meeting, discussions about the timing of interest rate cuts took center stage, with some U.S. central bankers eager to kickstart the debate. The extent of

Goldman Sachs has revised its outlook on the U.S. economy, reducing the probability of a recession to 20%, down from a previously raised estimate of 25%. This adjustment comes as

Russian pork producers are leveraging the ongoing trade tensions between the European Union and China to strengthen their position in global markets, particularly in China, the world’s largest pork consumer.

Last week, the United States and China took significant steps to enhance their cooperation on financial stability, marking a notable development in the ongoing dialogue between the world’s two largest

Singapore is set to roll out a new unemployment support initiative aimed at assisting workers who have been laid off or become involuntarily unemployed. Prime Minister Lawrence Wong announced the

In August, the consumer confidence index in the United States rose to 67.8 points from 66.4 points in the previous month, reads the initial study from the University of Michigan,…

Moody’s Ratings has highlighted that ongoing regulatory investigations into cash sweep programs used by wealth managers could have significant consequences for their credit ratings. This scrutiny poses a substantial risk

China’s announcement on Thursday to impose export controls on certain antimony products, effective from September 15, underscores the critical role this mineral plays in various global industries. The new measures,

In August, U.S. consumer sentiment saw a notable rise, influenced by shifts in the political landscape as the race for the White House intensified, according to a survey released on

The SEC has accused NovaTech and its founders, Cynthia and Eddie Petion, of organizing a Ponzi scheme.

Despite recent turmoil in financial markets, global borrowing conditions have largely withstood the shock, providing a stable environment for borrowers. While the sell-off in equities and corporate debt markets earlier

The global demand for jet fuel, which has been a key driver of oil consumption, is beginning to show signs of strain as economic challenges and technological advancements reshape the

U.S. consumer prices saw a modest rebound in July, aligning with expectations and reinforcing the ongoing trend of easing inflation. This development bolstered the likelihood of the Federal Reserve cutting

The vacation rental industry is intensifying its lobbying efforts to influence U.S. lawmakers as cities across North America increasingly implement restrictions on short-term rentals, citing concerns about housing affordability and

Brian Niccol, the current CEO of Chipotle Mexican Grill, is set to become the CEO of Starbucks Corp.

MSCI Inc. stated that it would remove the shares of 60 firms from the MSCI China Index calculation after the quarterly review of regional indicators composition. In this instance, the…

The recent global market sell-off, driven by the unwinding of yen-funded carry trades, has shifted attention to the yuan, another currency commonly used for carry trading. Despite a notable 2%

Singapore’s economy demonstrated stronger-than-expected growth in the April-June quarter, expanding by 2.9% year-on-year, according to government data released on Tuesday. This growth rate aligns with the official advance estimate and

Global sales of fully electric and plug-in hybrid vehicles surged by 21% in July, driven by China’s robust market performance despite a decline in demand across Europe, according to market

The Paris Olympics have marked a significant shift in product placement, with winning athletes receiving their medals on Louis Vuitton trays and using Samsung flip phones for “victory selfies.” This

India has become the new focal point for major packaged goods companies such as PepsiCo, Unilever, and others, seeking to offset the slower recovery in China. With India’s economy growing

Experts at JP Morgan Chase, a US bank, raised the likelihood of a recession in the United States by the year's end from 25% to 35%.

The Bank of England stated that eight of the biggest banks in Britain can receive bailouts in a crisis without needing government funds for their rescue.

In its monthly report, the US Department of Energy's Energy Information Administration (EIA) increased its projected global oil demand for 2024 to 102.94 million barrels per day (bpd) from 102.91…

Russian port crude oil exports dropped to nearly 1.8 million barrels per day in July, marking the lowest level in 19 months, Bloomberg reported based on its own calculations using…

The U.K. government has cancelled £1.3 billion ($1.7 billion) worth of computing infrastructure projects, marking a significant shift in the country’s approach to becoming a leader in artificial intelligence (AI).

The U.S. labor market showed signs of a slowdown in July, as the unemployment rate increased to 4.3%, the highest in nearly three years. This rise from 4.1% in June

Preliminary data from Eurostat show that consumer prices in the eurozone rose by 2.6% annually in July.

The Biden administration is set to introduce a new rule expanding U.S. export controls on semiconductor manufacturing equipment to China, aiming to curb the growth of China’s advanced chipmaking industry.

In a surprising move, the Bank of Japan (BOJ) raised interest rates on Wednesday and outlined a comprehensive plan to reduce its large-scale bond purchasing program. This decision marks a

Sales of liquefied natural gas-powered heavy-duty vehicles in China increased from less than 10% to 30% of the market in the last few months of 2023.

Companies around the world are revising their full-year sales and profit forecasts downward, impacted by rising interest rates and economic weakness in China. This adjustment has dampened the outlook for

The largest economy in the euro zone, Germany, continued to suffer as the economy unexpectedly shrank in the second quarter after avoiding a recession at the start of the year

Futures prices for cocoa dropped to levels not seen in over four months due to anticipation of lower demand and more supply.

Mainland China's economy received 29.1% less foreign direct investment (FDI) in January–June compared to the same period previous year.

According to insiders and commentators, the Bank of Japan is paving the way for a period of consistent interest rate increases by declaring success in its protracted war against deflation.

At its two-day policy meeting this week, the Federal Reserve is anticipated to keep interest rates unchanged while noting that inflation has started to approach the 2% objective set by

In his most recent attempt to lure cryptocurrency supporters—which Beijing has banned and which he previously called a “scam”—Republican presidential candidate Donald Trump stated at a bitcoin conference on Saturday

June saw a modest increase in U.S. prices as the cost of goods declined and the cost of services rose, highlighting a better inflation environment that may pave the way

Official statistics released on Saturday revealed that China’s industrial earnings increased quicker in June despite firms facing a slowdown in consumer mood amidst an uncertain economic rebound. According to National

Fresh evidence of success in the fight against inflation was provided to U.S. Federal Reserve officials on Friday, raising hopes that they will use their meeting next week to announce