Economics

Preliminary estimations show that the economies of nations - members of the Organization for Economic Cooperation and Development (OECD) expanded by 0.4% in the fourth quarter of 2023 compared to…

Rio Tinto, an Australian miner, reduced its net profit in 2023 from a revised $12.39 billion to $10.06 billion. This represents a 19% reduction.

Bitcoin is soaring right now. The largest cryptocurrency in the world has increased in value by 22% to $52,005 this year, surpassing the $1 trillion market cap for the first

The biggest producer of platinum, Anglo American Platinum (Amplats), stated in a presentation that it anticipates a drop in platinum production to 3-3.4 million ounces in 2025–2026.

Five-year loan rates were reduced from 4.2% to 3.95%.

According to official data, China’s tourism earnings for the Lunar New Year holidays ending on Saturday exceeded 2019 levels and increased by 47.3% year over year due to a surge

The French government’s estimate for GDP growth in 2024 was dropped to 1% from 1.4%, according to French Finance Minister Bruno Le Maire, as the economic picture was clouded by

The escalation in the Red Sea has resulted in a 10-15 day increase in delivery times from Asia to Europe, according to European Commissioner for Economic Affairs Paolo Gentiloni. Transport…

While rolling over medium-term loans that were about to mature, China’s central bank kept a key policy rate steady on Sunday as was predicted. Beijing’s monetary policy options are limited

According to a US Department of Labour data released on Friday, wholesale prices in the US increased more than anticipated in January, further clouding the picture of inflation. The largest

Despite the economy entering a recession, the Bank of Japan is expected to remove negative interest rates in the next months, according to reports quoting information from people familiar with

With consumers resuming their spending habits in January, British retail sales surged at their fastest rate in over three years, indicating that the economy may rebound swiftly from the recession

IMF: Debt levels have reached their highest points in half a century in a number of nations worldwide.

The World Bank said in a joint statement posted on its website that the UN, EU, Kiev, and others estimate the cost of reconstructing Ukraine over the next ten years…

Unexpectedly entering a recession at the end of the previous year, Japan lost its position as the third-largest economy in the world to Germany, casting doubt on the timing of

Chu Yi, who is opting to “lie flat”—a Chinese euphemism for people who work just enough to afford to spend their time on what they enjoy—is faced with dwindling job

According to CoinMarketCap data, the market capitalization, or total worth of bitcoin in circulation, increased beyond $1 trillion on Wednesday for the first time since late 2021. During the day,

Wednesday saw difficulties on Asian markets as traders reduced their expectations for interest rate reduction by the Federal Reserve later in the year and the implications for central banks around

According to Fatih Birol, president of the International Energy Agency (IEA), supply build-up by several nations will assist satisfy demand and keep prices in line, therefore the situation in the…

According to a Bank of America study released on Tuesday, investors around the world are more confident than they have been in the past two years this month and no

The Secretary General of OPEC stated on Tuesday that the postponement of plans to expand Saudi Arabia’s oil output should not be construed as a sign that the market for

The robotic invasion of North America’s workforce has been steadily increasing over the past five years, but there was a hiccup last year when businesses in the region ordered roughly

According to Bloomberg, Germany's economy—which is regarded as the biggest in the eurozone—has been in decline since 2017. More recently, this drop has accelerated because of the country's decreased competitiveness.…

The December increase in U.S. monthly consumer prices was smaller than first estimated, but overall inflation revisions were varied and did not change predictions regarding when the Federal Reserve would

This week has seen an unprecedented spike in cocoa prices as unfavourable weather severely damages crop output in West Africa, which produces three quarters of the world’s supply. Since the

US toy manufacturer Mattel Inc. reported a net income growth of over nine times in the fourth quarter of 2023, despite lower-than-expected adjusted earnings and revenue.

The switch to green energy in Europe is caught in a difficult situation. Record solar energy installations are being driven by a rush of low-cost Chinese solar panel imports. However,

According to Sarah Breeden, the deputy governor of the British Central Bank's financial stability unit, management at the Bank of England are now more concerned with determining how long to…

Kris Lin, the owner of a lighting manufacturer in China, was confronted with a difficult decision when he received the first order of the year from a close overseas client:

According to a survey conducted by the US National Retail Federation (NRF), Americans would spend approximately $25.8 billion overall on Valentine's Day (February 14) this year, nearly unchanged from the…

The Bank of England maintained the benchmark interest rate at 5.25% annually, in line with predictions made by analysts.

According to Bloomberg, China's primary stock index, the CSI 300, dropped by about 1% and hit a five-year low.

The largest sovereign wealth fund in the world, the State Pension Fund of Norway (often known as the Oil Fund), has reported a record profit of 2.222 billion kroner ($213…

The International Monetary Fund updated its 2024 growth prediction for the economies of developing Asia, citing dangers from China’s worsening property sector crisis while maintaining its bullish outlook for India.

Giants in the consumer goods industry may experience a slowdown in their robust profit recovery if cautious consumer spending offsets softening input costs following several quarters of sharp inflation, even

The next major difficulty for the export-oriented nations of central Europe Germany, still licking their wounds from some of the greatest inflation rises in history following the COVID-19 pandemic, is

Investors poured money back into high-end luxury shares, increasing their market value by almost $70 billion as LVMH’s most recent sales numbers gave them confidence that the industry would weather

As a result of weak domestic and international demand, profits at China’s industrial companies dropped 2.3% in 2023—their second consecutive year of decrease. This put more pressure on economic development

According to the Financial Times, Beijing has imposed limitations on investors' access to overseas assets in an effort to halt capital flight.

Many shipments of US-based LNG exporters have been canceled over the past week, according to S&P Global, which cited sources.

Tech stocks and improving economic sentiment drove US stock prices to all-time highs on Friday. The S&P 500 index, which measures the stocks of the largest corporations in America, closed

After months of discussion about whether Europe’s traditional powerhouse had turned into the “sick man of Europe,” Germany’s finance minister on Friday put up a fresh analogy for his nation’s

Earlier this week four American banks issued warnings about reduced interest revenue for this year, concluding a week of gloomy statements from the sector, which has been put under strain

The viability of Chinese businessman Han Changming’s trade operation in the eastern province of Fujian is in jeopardy due to disruptions to Red Sea freight. Han, who buys off-road vehicles

According to official figures released on Friday, British shops saw their largest sales decline in nearly three years in December, increasing the possibility that the economy entered a recession towards

To restrain the China’s chip technology, countries like the United States and the Netherlands may continue to restrict Asian powerhouse’s exports of semiconductors, according to analysts. The Netherlands prevented ASML,

At the World Economic Forum, the emergence of generative artificial intelligence has dominated both private and public discourse as the biggest tech corporations in the world—such as Microsoft, Google, and

According to Gita Gopinath, First Deputy Managing Director of the International Monetary Fund (IMF), there are risks for certain institutions in the US and China, but overall, the financial system…

OPEC maintained its estimate that the world’s oil demand will expand reasonably quickly in 2024 and predicted an earlier-than-usual “robust” increase in oil consumption in 2025, driven primarily by China

The gross domestic product (GDP) of China increased by 5.2 percent in 2023 compared to the official estimate, according to figures released by the State Statistics Bureau on Wednesday.