Visa, the world’s largest payments processor, reported a higher-than-expected quarterly profit on Tuesday, as consumers resumed their travel spending after the pandemic-induced slump. The company...
Germany surpasses Japan as the world’s third-largest economy
According to the latest projections by the International Monetary Fund (IMF), Germany’s nominal gross domestic product (GDP) is estimated to reach $4.4 trillion in 2023,...
Australia’s Inflation Surges to Highest Level in a Decade, RBA May Hike Rates Next Month
Australia’s inflation rate rose faster than expected in the third quarter of 2023, reaching the highest level in a decade and increasing the pressure on...
US Dollar Strengthens on Positive Economic Data, Powell’s Speech Awaited
The US dollar gained ground against its major rivals on Tuesday, as upbeat economic data boosted expectations of a hawkish stance from the Federal Reserve....
India Among the Top Three Fastest Growing Economies in 2024, According to IMF
The International Monetary Fund (IMF) has released its latest World Economic Outlook report, which forecasts the global economic growth for the next few years. According...
Global recession fears rise as key economic indicator turns red
A key economic indicator that has predicted two of the past three global recessions is flashing red again, raising concerns about the outlook for the...
JPMorgan CEO Dimon slams central banks for ‘dead wrong’ economic forecasts
JPMorgan Chase CEO Jamie Dimon has criticized the central banks for their inaccurate economic forecasts and their overconfidence in managing the global turmoil. He said...
UK’s job market faces uncertainty amid data problems and stagflation
The UK’s unemployment rate rose to 4.2% in the three months to September, according to the latest official data released on Tuesday. However, analysts have...
Kim Kardashian Launches Skims for Men with Star Athletes
Kim Kardashian, the reality TV star and entrepreneur, has announced a new venture for her shapewear brand Skims: a line of products for men. The...
Hyundai and Saudi Arabia to build first South Korean car plant in the Middle East
South Korea’s Hyundai Motor Group has agreed to build a car plant in Saudi Arabia jointly with the Public Investment Fund (PIF), Saudi Arabia’s sovereign...
Toyota urges India to slash taxes on hybrid cars
Japan’s Toyota Motor, the world’s largest carmaker, is lobbying the Indian government to cut taxes on hybrid vehicles by as much as one-fifth, arguing they...
Tesla’s Bitcoin Holdings Remain Unchanged Despite Market Volatility
Tesla, the electric vehicle giant led by Elon Musk, has revealed in its latest quarterly earnings report that it still holds 9,720 bitcoin on its...
South Africa to briefly reclaim its position as Africa’s largest economy in 2024, says IMF
South Africa, the most industrialized nation in Africa, is expected to surpass Nigeria and Egypt as the continent’s largest economy in 2024, according to the...
Chinese Builder Country Garden Faces First Default as Bond Payment Looms
Country Garden Holdings Co., one of the most indebted property developers in the world, has not made any public statement about its overdue bond interest...
How the pandemic has changed Japan’s consumption patterns
Japan’s economy, which relies heavily on domestic consumption, has been hit hard by the Covid-19 pandemic. The changes in how people live and work have...
Greece’s credit rating improves as Italy faces downgrade
Greece’s credit rating has been upgraded by one of the major rating agencies, while Italy’s rating has been lowered amid political and economic uncertainty. This...