Economics

Business surveys released on Monday revealed a decline in global industrial activity in June as weak demand in China and Europe clouded the picture for exporters. Manufacturing shrank more quickly

According to a central bank survey, business optimism in Japan increased in the second quarter as raw material prices reached their high and pandemic restrictions were relaxed, indicating the economy

Experts claim that because the American economy appears to be more reliable, people now favor American funds.

European diplomats have informed Iran that once the current round of sanctions expires in October 2023, they still aim to continue targeting the nation's ballistic missile program. The potential sale…

Nvidia and AMD chips, which are utilized in artificial intelligence, may not be exported to China, according to the WSJ.

According to a widely watched research, 130 nations, or 98% of the world’s economies, are currently studying digital versions of their national currencies, with over half in advanced development, pilot,

Weibo, a social media platform in China, announced that it has suspended accounts of three economic analysts who, it claimed, were disseminating "negative and malicious" information about the country's economy,…

The Wall Street Journal reported on Tuesday, citing people with knowledge of the situation, that the US is exploring further limitations on the export of AI technology to China. In

According to HSBC Asset Management, the U.S. will experience a slowdown in the fourth quarter, which will be followed by a “year of contraction and a European recession in 2024.”

With the help of Wall Street’s elite, Bitcoin, the currency designed to challenge the financial system, has recovered from its illness of several weeks. Over the past 11 days, the

Aramco, the state-owned oil company of Saudi Arabia, is optimistic about the oil market for the remainder of 2023 because demand from the two largest importers, China and India, is

According to OPEC Secretary General Haitham al-Ghais, the demand for oil will reach 110 million barrels per day by 2045. He predicts a 23% increase in the global demand for…

The EC: The European Union will provide farmers affected by Ukrainian grain supplies with €100 million.

JPMorgan Chase analysts warned that the US economy may enter a recession in the last quarter of 2023 or the first quarter of 2024.

In order to combat inflation, the Federal Reserve intends to maintain raising interest rates; hence, a rise in corporate default rates is likely in the near future. The corporate default

The largest cryptocurrency in the world, Bitcoin, reached a record high on Friday, concluding a week of gains that were aided in part by BlackRock’s (BLK.N) decision to launch an

The World Bank will increase the scope of its crisis assistance programs for developing nations.

The Chinese economy will grow less than expected in 2023 and 2024, from 4.6% to 4.5% and from 6% to 5.4%, respectively, according to Goldman Sachs analysts.

According to the Ifo Institute’s projections released on Wednesday, the German economy will fall more than initially anticipated this year as sticky inflation hurts private spending. “The German economy is

As the economy slows and they are forced to deal with inflationary pressures, a quarter of workers polled by PwC anticipate to change employment in the coming year, up from

Asia now clearly leads the race to secure gas supplies from Doha’s mammoth production expansion project after Qatar on Tuesday signed its second significant gas supply contract with a Chinese

The International Union of Credit and Investment Insurers (Berne Union) accepted Iran as a member after its candidacy the majority of the union members' votes, according to the IRIB news…

The European Union’s plans to ratify a reform of the bloc’s power market on Monday have been derailed by a last-minute request to extend subsidies for coal plants. The reform

After May statistics revealed that the post-COVID recovery in the second-largest economy in the world was faltering, several major banks lowered their 2023 gross domestic product (GDP) growth projections for

As the company reported a 9% increase in underlying quarterly UK sales, Tesco, the largest retailer in the UK, said the country’s food inflation was beginning to lessen, providing some

At its meeting on June 15, the Governing Council of the European Central Bank increased the base rate by 25 basis points to 4%.

The European Union plans to strike five Chinese firms out of the 11th set of sanctions against Russia.

According to new data, China, which has the second-largest economy and population in the world, will once again have the greatest migration of billionaires this year. China is predicted to

According to figures released on Thursday, New Zealand entered a recession as a result of the first quarter’s economic contraction. This decreased the likelihood that the central bank would need

By the end of the year, Morgan Stanley predicted that Asia’s growth will surpass that of the United States and Europe since the area had mostly avoided interest rate shocks.

Tuesday’s Australian business and consumer surveys indicated that the economy was in trouble, with a decline in company activity accelerating and spending confidence remaining close to recessionary levels, all with

According to one of the sponsors, a bipartisan group of US congressmen intended to present a bill on Wednesday to terminate a tariff exemption that is frequently used by online

According to a report by Deloitte Access Economics, Australia is going through a “retail recession” as rising interest rates and inflation reduce customers’ purchasing power. Once inflation is taken into

May saw a faster-than-expected decline in factory gate prices in China, as weakening demand put a strain on manufacturing and the shaky economic recovery. China, in contrast, is experiencing a

According to the CEO of the World Energy Council, Angela Wilkinson, the global energy system is no longer “fit for purpose,” and she made reference to the slow progress being

As part of a dramatic escalation of a crackdown on the industry, the top U.S. securities regulator filed a lawsuit against cryptocurrency platform Coinbase on Tuesday. This is the second

According to the chairman of the IEA, China's economy now influences oil prices more than those made by OPEC and Russia.

As a result of sanctions last year, €3 billion worth of assets of European securities depositories Euroclear and Clearstream were blocked in Russia's National Settlement Depository, writes Forbes.

With a bleak prognosis for global demand, particularly from developed countries, China’s exports decreased much more quickly than anticipated in May while imports continued to decline, casting doubt on the

IATA: international airlines doubled forecast for industry profits in 2023.

After the United States enacted a historic bill that raises the debt ceiling but limits federal spending, a $16 billion list of lower priority defence equipment like tanks, helicopter upgrades,

As oil prices dipped towards $70 per barrel and market experts talked about a fresh supply glut on Friday, OPEC and its allies are talking about further reducing oil production,

According to a Rosario grains exchange report released on Friday, Argentines are anticipated to consume the most beef in five years in 2023, maintaining their position as the world’s top

EU watchdogs said in progress reports on Thursday to combat greenwashing that banks, insurers, and financial businesses around the European Union have made “misleading claims” about their sustainable credentials to

Bipartisan legislation that raises the government’s $31.4 trillion debt ceiling was approved by the U.S. Senate on Thursday, preventing what would have been a first-ever default and having the support

According to projections, Italy's GDP will rise by roughly 1% in 2023. Bank of Italy Governor Ignazio Visco noted that the Italian economy has fared better than anticipated in overcoming…

The International Monetary Fund (IMF) increased its prediction for the real GDP of Ukraine in 2023 from -3 to +1% to foresee growth in the range of 1 to 3%,…

According to Reuters, Saudi Arabia is importing more diesel fuel from Russia than ever before. Riyadh primarily exports the inexpensive fuel it purchases from Russia to Singapore to sell it…

According to government data released during the week end, profits at China’s industrial companies plunged in the first four months of 2023 as businesses battled margin pressures and weak demand

The overall amount of money firms worldwide dedicated to dividends increased 12% in the first quarter compared to the same period last year, reaching a record $327 billion, according to…