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...
Global Automobile Seatbelt Inflator Market to Witness Robust Growth by 2029
The global automobile seatbelt inflator market is expected to grow at a significant rate in the next decade, according to a new report by SeeDance...
Mercedes-Benz EVs close to 15% of US market share after strong Q3 performance
Mercedes-Benz, the German luxury carmaker, has reported a significant increase in its electric vehicle (EV) sales in the US market in the third quarter of...
Nigeria’s Auto Industry Pushes for Electric Vehicle Adoption
Nigeria’s automotive industry is urging the federal government to explore the option of electric vehicles (EVs) as a way to reduce the country’s dependence on...
Nigeria’s Automotive Industry Faces Challenges from Imported Used Vehicles
Nigeria’s automotive industry is facing a growing challenge from the influx of imported used vehicles, locally known as ‘tokumbo’, according to experts. While these vehicles...
Tesla China’s September sales dip amid Model 3 upgrade
Tesla, the leading electric vehicle maker in the world, saw a decline in its sales of China-made vehicles in September, as it prepared to roll...
US Dollar Strengthens as Inflation Data Looms
The US Dollar Index (DXY) ended the week on a high note, despite a brief pullback on Friday following the release of the US employment...
WTO slashes global trade growth forecast by half amid inflation and geopolitical tensions
The World Trade Organization (WTO) has revised its projection for global trade growth in 2023, cutting it by half from 1.7% to 0.8%. The WTO...