US stock futures were trading slightly higher on Sunday evening, as investors prepared for a busy week of corporate earnings and economic data. The Dow...
Luxury Stocks Suffer as Consumer Spending Slows Down
The global luxury sector, which enjoyed a strong recovery from the pandemic-induced slump, is now facing a new challenge: inflation. As consumer prices rise and...
Microsoft secures Activision Blizzard deal after UK approval
Microsoft, the tech giant behind the Xbox console, has finally got the green light to acquire Activision Blizzard, the video game company that owns popular...
Is Inflation Really Over? Krugman’s Claim Sparks Controversy
New York Times columnist and Nobel laureate Paul Krugman declared that the war on inflation was over in a post on X, a social media...
How U.S. soybeans lost their edge in the global market
Soybeans are one of the most versatile crops in the world, used for food, fuel, and animal feed. They are also a major source of...
China’s sovereign wealth fund raises stakes in top banks amid market turmoil
China’s sovereign wealth fund, which manages over US$1.35 trillion in assets, has increased its equity stakes in the country’s four largest banks, in a move...
Sri Lanka’s creditors offer new bonds to ease debt burden
Sri Lanka, which defaulted on its foreign debt in May 2022, has received a proposal from its private creditors to restructure $12 billion of overseas...
Argentina’s Inflation Crisis: Central Bank Hikes Rate to 133%
Argentina is facing a severe inflation crisis, as the annual inflation rate reached 138.3% in September, the highest level since the early 1990s. The central...
Singapore’s economy grows faster than expected, MAS maintains monetary policy
Singapore’s economy expanded by 0.7% year-on-year in the third quarter of 2023, beating market expectations and accelerating from the 0.5% growth in the previous quarter....
China’s inflation rises as U.S. CPI report looms
China’s consumer prices increased 0.2% year-on-year in September, slightly higher than the 0.1% rise in August, according to data released by the National Bureau of...
Fed’s Inflation Fight Puts Pressure on Wall Street
The US Federal Reserve’s plan to keep interest rates high to curb inflation has rattled Wall Street, which fears a slowdown in economic growth and...
China’s trade slowdown eases in September amid economic recovery
China’s trade performance improved slightly in September, as both exports and imports contracted at a slower pace than in August. According to the General Administration...
New Zealand faces soaring food prices amid supply chain disruptions
New Zealanders are feeling the pinch of rising food prices as the country grapples with supply chain disruptions caused by the COVID-19 pandemic and other...
Energy and food costs push up US producer prices in September
The US producer price index (PPI) for final demand increased by 0.5% in September, exceeding the expectations of economists who had predicted a 0.3% rise....
Saudi’s PIF launches new company to boost automotive and mobility industry
Saudi Arabia’s sovereign wealth fund, the Public Investment Fund (PIF), has announced the launch of a new company to develop local supply chain capabilities for...
Global Automobile Chassis Parts Market to Witness Revolutionary Growth by 2028
The global automobile chassis parts market is expected to grow at a remarkable rate in the next few years, according to a new report by...