China, the world’s largest consumer and producer of pork, is facing a deflation risk as pork prices have plummeted by more than a quarter in...
Fed keeps interest rates near zero amid inflation concerns
The Federal Reserve announced on Wednesday that it will keep its benchmark interest rate near zero, despite rising inflation and strong economic growth. The central...
UK Economy to Avoid Recession Despite Slowdown, Say Economists
The UK economy might see a slight dip soon, but economists at Pantheon Macroeconomics expect people to start spending more towards the end of the...
China’s trade data disappoints as exports fall and imports rise in October
China reported a worse-than-expected decline in exports and a surprising increase in imports for October, according to the latest official data released on Monday. The...
CNBC reports strong earnings as digital subscriptions surge
CNBC, the world leader in business news and real-time financial market coverage, announced its third-quarter earnings on Tuesday, beating analysts’ expectations and posting a 12%...
Global Automobile Tire Chain Market Expected to Grow Rapidly in 2023
The global automobile tire chain market is projected to witness a significant growth in 2023, according to a new report by Argyle Report. The report...
France’s Automobile Industry Faces Challenges Amid Lifestyle and Leisure Shifts
The French automobile industry, which has been a pioneer and a leader in the global market, is facing some challenges amid changing consumer preferences and...
Sri Lanka launches Automobile Industry Council to boost manufacturing and innovation
Sri Lanka has unveiled a new entity, the Automobile Industry Council (AIC), to guide the automobile industry into a new era of innovation, skill enhancement,...
Singapore Warns of Global Tightening Risk on Inflation Surprise
Singapore’s central bank chief has warned of the risk of global monetary tightening amid rising inflation pressures, as the city-state reported a higher-than-expected inflation rate...
The US consumer is facing a spending crunch, strategist warns
The US consumer, who has been the main driver of the economic recovery from the pandemic, is facing a looming spending crunch, according to a...
European markets close lower amid earnings and inflation worries
European stock markets closed lower on Monday as investors digested a mixed batch of corporate earnings and inflation data. The pan-European Stoxx 600 index ended...
BOJ urged to speed up exit from yield curve control amid inflation and currency pressures
The Bank of Japan (BOJ) is facing growing calls to accelerate its exit from its yield curve control (YCC) policy, which has been suppressing long-term...
Moody’s Forecasts a Surge in Israel’s Inflation to 6.8%
Israel is currently facing a significant economic challenge as inflation rates are expected to climb to 6.8%. This forecast, made by the renowned credit rating...
UK households lose £2.2 trillion in wealth due to higher interest rates
The Bank of England has raised its base rate from 0.1% to 0.75% in October 2023, the highest level since 2009, in an attempt to...
Electric Car Market Faces a Crash Due to Diverging Trends
The global electric car market is heading for a crash as different regions show contrasting levels of adoption and investment, according to a Bloomberg Opinion...
Toyota Unveils Next-Generation Lexus EV Prototype at Japan Mobility Show
Toyota Motor Corp. on Wednesday unveiled a prototype of its LF-ZC electric car at a Japan Mobility Show press preview; the firm plans to market...