Inflation is back, and it is posing a serious challenge for central banks around the world. After decades of low and stable inflation, many countries...
Singapore and Malaysia to hike consumption tax amid inflation woes
Singapore and Malaysia, two of Southeast Asia’s most developed economies, are set to increase their consumption tax rates in the next two years, amid rising...
Pound surges to $1.28 as UK economy shows signs of recovery in 2024
The pound sterling rose to its highest level since August on Thursday, as the Bank of England (BoE) signalled that it would not cut interest...
Japan’s industrial output declines for third month in a row
Japan’s industrial production fell 0.1% in November from the previous month, marking the third consecutive month of decline, according to government data released on Wednesday....
China’s economy shows resilience and potential amid global challenges
China’s gross domestic product (GDP) grew 3 percent year on year to a record high of 121.0207 trillion yuan (about 17.95 trillion U.S. dollars) in...
Rupee falls to two-week low amid global uncertainty
The Indian rupee slipped to its lowest level in two weeks on Wednesday, as investors remained cautious amid rising tensions between Russia and Ukraine, the...
Cathie Wood reveals her wish list of private companies to go public in 2023
Cathie Wood, the founder and CEO of Ark Invest, has shared her hopes for some of the private companies that she would like to see...
Markets rally as Fed signals rate cuts and retail sales surprise
The Federal Reserve kept its benchmark interest rate unchanged at 2.25% to 2.5% on Wednesday, but signaled that it may cut rates three times next...
Why the Japanese Yen Could Be the Most Interesting Currency in 2024
The Japanese yen is one of the most traded currencies in the world, behind the US dollar and the euro. It is also widely used...
Asian Markets Rally as Investors Anticipate Rate Cuts and Economic Recovery
Asian stocks rose on Wednesday, December 27, 2023, as investors cheered the prospects of lower interest rates and stronger economic growth in the region. The...
Yahoo: A Pioneer of the Internet Age Sold Again
Yahoo, one of the most iconic and influential web services of the internet era, has been sold again by its current owner Verizon to a...
Dollar under pressure as yen gains on global banking woes
The dollar remained weak against most major currencies on Tuesday, as the ongoing turmoil in the global banking sector dampened the appeal of the greenback....
Israel’s Vision 2040: A New Era of Development for the Negev and Galilee
Israel has announced a bold plan to transform its southern and northern regions into hubs of innovation and growth by 2040. The plan, dubbed “Israel...
Gold Rises to Two-Week High as Fed Rate Cut Expectations Increase
Gold prices climbed to their highest level in more than two weeks on Friday, as investors anticipated that the Federal Reserve would lower interest rates...
Thailand to receive $4.3 billion investment from Japan’s top automakers
Thailand, the largest automobile producer in Southeast Asia, is set to receive a huge boost from Japan’s leading automakers over the next five yearsToyota, Honda,...
Nasr Automobile Company Leads the Way in Green Mobility in Egypt
Egypt’s state-owned Nasr Automobile Company is pioneering eco-friendly public transport in the country, with its first locally-produced electric car and bus. The company aims to...