Economics

Global trade indicator companies such as FedEx and Cathay Pacific Airways have cast a pall over the year-end holiday shopping season, pointing to weaker-than-expected consumer demand rather than a Christmas

The Chinese economy exhibited unexpected resilience in August, with faster-than-expected growth in factory output and retail sales bolstering a fragile recovery, but a deepening property slump weighed on the outlook.

China’s exporters, the world’s second-largest economy’s last reliable pillar as it battled the pandemic, weak consumption, and a property crisis, are warning of tough times ahead as softer overseas markets

The European Union’s executive highlighted plans to collect more than $140 billion from energy companies to help protect households and businesses from rising prices that threaten economic recession and insolvency.

The Wall Street Journal reports, citing data from the Federal Deposit Insurance Corporation, that total deposits from people and businesses in U.S. banks fell by a record $370 billion in…

Consumer prices in the United States unexpectedly rose in August, and underlying inflation accelerated due to rising rent and healthcare costs, providing the Federal Reserve with ammunition to deliver a

UK Prime Minister Liz Truss’ massive power bill bailout has given the Bank of England a temporary boost in its fight against inflation, but it still appears likely that interest

According to Economy and Finance Minister Bruno Le Maire, France's economy will expand in 2023 despite a challenging economic climate.

The second-largest crypto token in the world, ether, built on the Ethereum blockchain, will soon undergo a significant software upgrade that will reduce the energy required for transaction processing and

In an effort to lessen its reliance on Asia’s economic superpower, the German economy ministry is considering a number of measures to make doing business with China less appealing, according

According to a report released on Thursday, the cost of achieving global goals to combat problems like hunger, poverty, and climate change increased by 25 per cent to $176 trillion

Christian Sewing, the CEO of Deutsche Bank, cautioned that China posed a severe danger to Germany and that Europe needs big banks to compete with U.S. lenders.

The Bank of Canada increased its benchmark interest rate by 75 basis points on Wednesday, reaching its highest level in 14 years while announcing the need for additional increases to…

Due to the rising cost of living, which is on the verge of increasing even further, the European Central Bank is anticipated to frontload a number of rate increases and

As rising inflation stifled international demand, new COVID restrictions impeded output, and heatwaves interrupted exports and imports, China’s exports and imports lost steam in August, and consequently rate of growth

According to Frode Leversund, CEO of Norwegian gas transport firm Gassco, Norway will supply record amounts of gas to Europe this year.

A former employee of Bayer, Laurie Simpson, sued the manufacturer in 2005 and 2006 for Bayer's deceptive advertising and medication sales practices. To resolve the claims, the medication manufacturer has…

Russia postponed a Saturday deadline to reinstate flows through the Nord Stream 1 pipeline to Europe, citing a fault found during servicing, compounding Europe’s difficulties in obtaining gas for the

The Italian government expects net costs for importing energy into the country will almost double this current year to about 100 billion euros ($99.5 billion), said the country’s economy minister,

The UN Food and Agriculture Organization’s world price index fell for the fifth month in a row in August, falling further from all-time highs reached earlier this year, as grain

Eurozone's economic mood indicator hit its lowest level in 19 months. Analysts anticipated a less pronounced fall.

On Wednesday, Russia cut off gas supplies through Europe’s main supply route, intensifying an economic battle between Moscow and Brussels and raising the prospect of recession and energy rationing in

According to a final estimate from the French National Institute of Statistics and Economic Research (Insee), the second-largest economy in Europe, France, had its GDP increase 0.5% over the previous…

According to the Center for Economic Research at the Swiss Federal Institute of Technology, one of the key measures of the Swiss economy's growth has dropped significantly below its long-term…

According to Russia’s First Deputy Prime Minister Andrei Belousov on Monday, the economy of the country is expected to shrink by less than 3 per cent in 2022, which would

Investors applauded a breakthrough agreement that gives US regulators access to Chinese companies’ accounting records, but they say markets will be required to see successful audits and economic recovery prior

Singapore plans to implement proposed rules that will make it harder for retail investors to trade cryptocurrencies in a period when they appear to be “irrationally oblivious” to the risks,

A new legislation designed to allow Brazilian soccer clubs to obtain foreign investment is garnering hundreds of millions of dollars to a region known as football’s largest source of talent,

Policymakers at the European Central Bank made the case on Saturday for a large interest rate hike next month, arguing that inflation remains uncomfortably high and that the public may

The profits of China’s industrial companies declined in July, reversing prior gains as new COVID-19 curbs reduced demand and reduced factory margins while production was threatened by power shortages brought

Gita Gopinath, the first deputy managing director of the International Monetary Fund, warned world policymakers on Friday that the trade-offs that global central bankers currently face – between jobs, inflation,

Beijing and Washington have agreed in principle to allow U.S. regulators to review the audits of Chinese companies that are listed on American exchanges, potentially putting an end to a

The OPEC+ alliance does not intend to reduce oil production in the near future. At the same time, there is a possibility that such a decision may be taken if…

According to a Reuters poll, the latest recovery in European shares is set to stop and not reclaim end-of-year levels for more than a year, surmounted by concerns of an

Ukraine’s economy should normalise this year and grow by up to 15.5 per cent in 2023, contingent to military developments in the country’s war against Russia, the country’s economy minister

The German Economics Ministry does not believe that the aid package for the energy company Uniper has to be strengthened, according to Beate Baron, the ministry’s spokesperson.

According to Reuters, which cited an anonymous official of Joe Biden administration, the United States will unveil a new $3 billion military aid package for Ukraine on Wednesday, August 24.…

Analysts explain this by anticipated good crop in the northern hemisphere, and the return of Ukrainian exports through Black Sea ports.

According to a survey released on Tuesday, business activity in the eurozone was down for the second consecutive month in August because of the cost of living crisis which forced

Large gas resources were found 160 kilometers off the coast of Cyprus in the Cronos-1 well, according to news releases from French TotalEnergies and Italian Eni.

According to data from Vortex cited by Bloomberg, five ships with a combined capacity of nearly 3 million barrels of diesel are slated to ship from Asia to Europe in…

Pressure on important areas of the global economy is rising as a result of the energy crisis. According to Bloomberg, producers of steel, fertilizers, sugar, and metals are being pressured…

In the midst of a European energy crisis, the United Kingdom has begun importing liquefied natural gas from Australia, according to information from the energy analyst firm Kpler, according to…

Prices for natural gas are rising and will continue to do so as the supply is getting harder to come by. Consumer nations are thus turning more and more to…

The Japanese economy recovered from a COVID-induced slowdown at a slower-than-expected pace in the second quarter, according to statistics released on Monday, raising concerns about whether consumption will increase sufficiently

In an unexpected move on Monday, China’s central bank reduced a key interest rate for the second time this year and withdrew some cash from the banking system in an

At a press conference about economic indicators for July on Monday, Fu Linghui, a spokesman for China's State Statistics Office, stated that while the Chinese economy is still recovering, the…

A new $5 billion loan from the IMF would help persuade Ukraine’s other creditors that the war-torn country’s macroeconomic situation was under control, according to President Volodymyr Zelenskiy’s main economic

Russia’s GDP declined 4.0% year on year in the second quarter of 2022, the first full quarter of what Russia calls a “special military operation” in Ukraine, according to preliminary

According to the organization's August report, OPEC members again produced below the levels allowed under the OPEC+ agreement. Thus, they satisfied the agreement by 412% even though OPEC oil output…