The Bank of England (BoE) is expected to keep its policy rate unchanged at 5.25% at its next meeting on November 2, according to a...
Visa profit beats estimates on post-pandemic travel boost
Visa, the world’s largest payments processor, reported a higher-than-expected quarterly profit on Tuesday, as consumers resumed their travel spending after the pandemic-induced slump. The company...
Germany surpasses Japan as the world’s third-largest economy
According to the latest projections by the International Monetary Fund (IMF), Germany’s nominal gross domestic product (GDP) is estimated to reach $4.4 trillion in 2023,...
Australia’s Inflation Surges to Highest Level in a Decade, RBA May Hike Rates Next Month
Australia’s inflation rate rose faster than expected in the third quarter of 2023, reaching the highest level in a decade and increasing the pressure on...
Japan PM Kishida defends yen’s slide amid economic woes
Japanese Prime Minister Fumio Kishida said on Tuesday that it was desirable for currency rates to move stably, when asked in a television programme about...
US Dollar Strengthens on Positive Economic Data, Powell’s Speech Awaited
The US dollar gained ground against its major rivals on Tuesday, as upbeat economic data boosted expectations of a hawkish stance from the Federal Reserve....
India Among the Top Three Fastest Growing Economies in 2024, According to IMF
The International Monetary Fund (IMF) has released its latest World Economic Outlook report, which forecasts the global economic growth for the next few years. According...
Global recession fears rise as key economic indicator turns red
A key economic indicator that has predicted two of the past three global recessions is flashing red again, raising concerns about the outlook for the...
JPMorgan CEO Dimon slams central banks for ‘dead wrong’ economic forecasts
JPMorgan Chase CEO Jamie Dimon has criticized the central banks for their inaccurate economic forecasts and their overconfidence in managing the global turmoil. He said...
Israel’s Credit Outlook Downgraded by S&P Amid Gaza Conflict
S&P Global Ratings, one of the world’s leading credit rating agencies, has revised its outlook on Israel’s sovereign debt from stable to negative, citing the...
UK’s job market faces uncertainty amid data problems and stagflation
The UK’s unemployment rate rose to 4.2% in the three months to September, according to the latest official data released on Tuesday. However, analysts have...
New hydrogel mimics human tissue and fights bacteria
Scientists from the University of New South Wales (UNSW Sydney) have developed a new synthetic hydrogel that can mimic human tissue and prevent bacterial infections....
Space scientist from North Lincolnshire honoured with a statue
A statue of Wallace Sargent, a renowned space scientist who was born and raised in North Lincolnshire, has been unveiled outside his former school in...
Astronomers create the largest ever cosmological computer simulation of ordinary matter
A team of international astronomers has achieved a remarkable feat: they have created the largest ever cosmological computer simulation of ordinary matter, such as planets,...
West Antarctica Ice Melt Accelerates Despite Emission Cuts, Study Warns
A new study by British Antarctic Survey (BAS) scientists has revealed that the ice melt in west Antarctica is likely to continue at an accelerated...
NASA reveals stunning image of aurora display caused by weak solar storm
A recent solar storm that grazed the Earth on October 20 has baffled astronomers and space weather experts with its unexpected intensity and spectacular aurora...