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...
How inflation affects retail sales in the US
Retail sales in the US increased by 0.7% in September, beating the expectations of economists and showing the resilience of consumers amid rising prices and...
Canada’s inflation rate cools down to 3.8% in September
Canada’s annual inflation rate eased to 3.8% in September, down from 4.0% in August, according to Statistics Canada. The decline was mainly due to lower...
Malaysia’s palm oil export tax remains unchanged for November
Malaysia, the world’s second-largest palm oil exporter, has announced that it will keep its export tax for crude palm oil (CPO) at 8% for November....
The Rising Cost of Bulgarian Rose Oil and Its Impact on the Perfume Industry
Bulgarian rose oil is one of the most sought-after ingredients in the world of perfumery. It is extracted from the petals of the damask rose,...
Singapore’s Economic Outlook Brightens Amid Global Uncertainty
Singapore, the city-state that is closely linked to the global economy, has given some hope to the economic optimists with its latest central bank report....
GM Workers in Canada Approve New Contract After Brief Strike
Canadian autoworkers have voted to ratify a three-year contract agreement with General Motors. Members of Unifor, the union representing about 4,300 Canadian workers at three...
Gold price retreats from three-week peak amid profit-booking and rising yields
Gold price started the new week on a negative note and gave up some of its gains from Friday, when it reached a three-week high...
US stock futures rise ahead of busy earnings week
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...