Economics

The third consecutive monthly increase in U.S. factory activity was fueled by a dramatic comeback in automobile output in March, possibly hinting that the worst of the production troubles that

The worsening bottlenecks in global supply chains and increasing rates of inflation resulting from the Russian war in Ukraine prompted the World Bank to slash cut its economic growth prediction

In light of the coronavirus pandemic and the situation in Ukraine, Kristalina Georgieva, the president of the International Monetary Fund, said there was a "risk" of greater fragmentation of the…

According to a Reuters poll, China’s economic growth would likely fall to 5.0 percent in 2022 due to further COVID-19 outbreaks and faltering global recovery, putting more pressure on the

According to a report released on Wednesday, prices for wind and solar power in major worldwide markets have risen roughly 30 per cent in a year as producers deal with

Imports unexpectedly decreased in March as Covid-19 restrictions delayed freight arrivals and dampened domestic demand, while export growth slowed, leading analysts to forecast a worsening in trade in the second

Despite lower oil production projections for Russia, the US Ministry of Energy predicts a 0.5 million barrel per day increase in global oil reserves starting in the second quarter of…

The World Trade Organization (WTO) downgraded its forecast for global GDP growth in 2022 from 4.1 percent to 2.8 percent as a result of the conflict in Ukraine, according to…

According to figures released on Tuesday, Japan’s wholesale inflation stayed near record highs for the month of March, as the Russian invasion of Ukraine and a weak yen pushed up

China’s export growth slowed in March as the Ukraine war reduced global demand, wile imports declined amid evidence that widespread anti-Covid lockdowns had hurt internal spending, according to a report

The Chinese market fell 3% after release of inflation data that exceeded expectations.

The macroeconomic outlook is rapidly deteriorating, putting the US economy in jeopardy with the Federal Reserve tightening its monetary policy with the aim of keeping rising inflation in check, said

Hong Kong's long-term foreign currency Issuer Default Rating (IDR) has been affirmed at "AA-" by international rating agency Fitch Ratings, with a stable outlook.

Consumer prices in Mexico climbed 7.45 percent in the year to March, the highest level since early 2001 and more than double the central bank’s target, according to data released

Germany's seasonally adjusted industrial output rose 0.2% in February compared to the previous month after a 1.4% growth in January (the figure was revised from 2.7% earlier), according to the…

Oil futures climbed on Wednesday, reversing early losses, as the potential of fresh penalties against Russia stoked supply concerns, contrasting concerns about weaker demand as a result of a rise

According to a private sector survey released on Wednesday, activity in China’s services industry dropped at the fastest rate in two years in March, as a surge in coronavirus cases

Volkswagen Group to reduce its lineup of gasoline and diesel cars.

This strange and chaotic market is showing symptoms of slowing down a year after a single non-fungible token sold for $69.3 million in crypto at Christie’s auction house, with the

The fallout from the Russia-Ukraine conflict has just pushed two of the world’s poorest countries into full-fledged crises, and the list of those at risk – and the line at

Saudi Arabia's state-owned oil and gas company raised May selling prices for oil to customers in Europe and the United States.

Starbucks' founder, Howard Schultz, has stated that the company's share repurchase program, which began last year, will be suspended.

According to a new survey by U.S. cryptocurrency exchange Gemini, nearly half of all owners of cryptocurrency in the United States, Latin America, and Asia Pacific purchased the digital assets

Climate change-related floods, fires, and droughts could eat into the US government budget by the end of the century, according to the White House, which released its first-ever study on

EU antitrust investigators of the European Union are talking to Microsoft’s competitors and customers about the cloud business and licencing relationships of the American tech giant, a step that may

On Thursday, European Union lawmakers are expected to support stronger safeguards for bitcoin and other cryptocurrency payments, the latest hint that regulators are tightening their grip on the free-wheeling industry.

Since the start of Russian invasion of Ukraine, experts have been raising concerns of shortage of essential food in many of the poorer countries. In the wake of Western sanctions

According to a poll released on Friday by the American Chamber of Commerce in Shanghai, more than half of US multinational corporations in China have decreased their year sales estimates,

S&P Global Ratings, an international rating agency, has lowered its projection for global GDP growth for the current year to 3.6 percent from 4.2 percent previously predicted, citing recent developments…

The effect of geopolitical issues was used by OPEC+ to explain oil market volatility.

According to a top IMF official, the extraordinary financial sanctions imposed on Russia following its invasion of Ukraine threaten to erode the US dollar’s dominance over time, resulting in a

For the first time since the peak of China’s COVID-19 pandemic in 2020, manufacturing and service activity in March fell at the same time, highlighting the need for stronger governmental

A bill to increase the US economy's competitiveness was adopted by the Senate by a majority vote.

U.S. GDP rose 7.1 percent year-over-year last quarter, according to the third and final estimate (if GDP had grown at the same rate for four straight quarters), according to analysts…

Fumio Kishida, Japan’s prime minister, instructed his cabinet to put together a new relief package by the end of April to help offset the economic impact of rising fuel and

The UAE sovereign fund Mubadala has decided to suspend all investment in Russia, Reuters reported.

A European Commission study of academics, think tanks, and other groups and individuals proposed that the European Union, like national governments, should have a proper budget that it could use

About 100 thousand agricultural enterprises in Italy may close due to the coronavirus pandemic and the situation in Ukraine, according to the largest association of Italian agricultural producers Coldiretti.

UAE Industry Minister: Oil demand up about three million barrels a day.

With the economic consequences of the Ukraine crisis becoming clear, Qatar’s foreign minister told CNBC that some countries were exploring a “parallel system” of oil pricing. It comes after the

Russia’s invasion of Ukraine on February 24 triggered broad sanctions, ripping the country out of the global financial fabric and sending its economy into a tailspin. After a month, Russia’s

The United Nations has lowered its global economic growth prediction to 2.6 percent.

This year, Lloyd’s of London will face significant claims relating to Russia’s invasion of Ukraine, but the commercial insurance market leader indicated on Thursday that this will not result in

Larry Fink, the CEO of BlackRock Inc., said on Thursday that the Russia-Ukraine crisis could hasten the adoption of digital currencies as a means of settling international transactions, as the

The EC has approved a support package of €500 million for farmers affected by the situation in Ukraine.

U.S. oil inventories dropped unexpectedly for the week - down 0.6% to 413.4 million barrels.

The United States has agreed to reduce Trump-era tariffs on steel and aluminium shipments to the United Kingdom, eliminating a point of contention between the allies. The action comes after

Inflation in the United Kingdom hit 6.2 per cent in February, the highest level since March 1992, as rising food, fuel, and energy prices exacerbate the country’s cost-of-living crisis. The

This week, EU leaders may agree on joint purchases of gas and liquefied natural gas (LNG), Reuters reports, citing a draft statement from the summit.

Although the transition to electric vehicles may pose an existential danger to providers of combustion engines, auto parts companies like TE Connectivity face the problem of keeping up with demand.