Economy news

Gold and silver have surged to new highs as demand for safe-haven assets grows, driven by geopolitical risks and economic concerns. Rising tensions in the Middle East, alongside the uncertainty surrounding the upcoming US election, have spurred inves...

China plans to significantly increase government debt issuance to stimulate economic growth, focusing on subsidies for low-income households, support for the property sector, and capital injections into state banks. The announcement reflects the...

Saudi Arabia's Public Investment Fund (PIF) has allocated $5.2 billion from $8.5 billion raised through green bonds for projects as of June 2024, marking a significant increase from $1.3 billion the previous year. Green bonds are issued to finan...

As China celebrated its Golden Week and the 75th anniversary of the People’s Republic, the government unveiled significant economic measures. These aimed to address the troubled property market, boost the stock market, and provide support for the poo...

In September, U.S. job creation surpassed expectations, with nonfarm payrolls increasing by 254,000, up from a revised 159,000 in August, and significantly higher than the 150,000 forecast by Dow Jones. This robust job growth pushed the unemployment...

Inflation in France and Spain dropped below 2% in September, the lowest in three years, raising expectations for additional rate cuts by the European Central Bank (ECB). In France, the EU-harmonised inflation rate fell to 1.5%, down from 2.2% in Augu...

Argentina's poverty rate surged to 52% in the first half of the year, reflecting the harsh effects of President Javier Milei's austerity measures aimed at addressing the country’s fiscal deficit. This represents a sharp increase from 41.7% at the end...

Global coffee prices are soaring due to devastating weather conditions in the world's two largest coffee-producing nations, Brazil and Vietnam. Brazil, which accounts for 40% of global coffee production, has been hit by severe drought, leading to a 2...

European Central Bank (ECB) President Christine Lagarde has projected inflation will reach the bank’s 2% target by mid-2025, crediting the "remarkable" reduction in price pressures over recent years with minimal job losses. Speaking at a recent...

The Federal Reserve made a significant move this week, reducing its benchmark interest rate by 50 basis points to a new range of 4.75%-5%. This half-point cut, the first since 2020, aims to lower borrowing costs on mortgages and credit cards, signali...

Gold prices are approaching record highs, supported by a weakened US dollar, global economic uncertainty, and escalating geopolitical tensions. Gold futures recently surpassed $2,600 per ounce for the first time and held steady, while spot gold...

Germany's economic sentiment took a steep downturn in September, with the ZEW Economic Sentiment Index falling from 19.2 points in August to just 3.6 points, the lowest since October 2023 and far below the forecast of 17 points. This decline hig...

This week marks a pivotal moment for central banks worldwide, with several poised to announce interest rate changes. The U.S. Federal Reserve’s two-day meeting, starting Tuesday, is at the forefront, with widespread expectations of a rate cut. W...

Europe’s stock markets saw a positive shift this week, driven by central banks’ rate cuts and promising economic data. The European Central Bank (ECB) delivered its second rate reduction of the year, spurring a market rally across Europe. The Euro St...

The European Central Bank (ECB) is expected to lower its key interest rate by 25 basis points this Thursday, following a series of hikes that left the rate at 3.75%. This move comes just ahead of the U.S. Federal Reserve’s rate cut, anticipated at th...