Economy News

Inflation is slowing in Canada, leading to hopes that an expected increase in interest rates next week may be the last one for some time.The consumer price index rose 6.3% in December from a year ago, down from 6.9% in ...

The Bank of Japan (BoJ) this week kept ultra-low interest rates intact, upsetting market projections that it would respond to rising inflationary pressure by erasing its stimulus program. The central bank also announced it would continue to cap bond yields.The ...

The price of everyday goods in Argentina has almost doubled in the last year as its annual inflation rate reached its highest level in over three decades.Official data reveals that consumer prices leapt by 94.8% in the 12 months to ...

China’s exports plunged this past December at the fastest rate since 2020. Imports also cooled, a warning sign that the country’s road to post-pandemic recovery will not be an easy one.Exports in the world’s second-largest economy dwindled 9.9% year-on-year in ...

The World Bank has warned in an annual report that the global economy will come “perilously close” to a recession this year. On the back of weak economic growth in the world’s top three economies – the US, Europe and ...

Cooling inflation has brought some respite in Europe, with price gains easing moderately. However, the cost of living is still high, even if the slowdown hints that weary consumers might be through the worst.The consumer price index in the Eurozone ...

Samsung Electronics is bracing for its worst fourth-quarter performance since 2014 after a marked drop in worldwide demand for memory chips and smartphones.Profits are expected to sink by 69% to $3.4 billion for the October-December period, the South Korean technology ...

Federal Reserve meeting minutes from last month have revealed the extent of the US central bank’s determination to tame inflation, with officials warning investors to expect interest rates to be kept high for some time. Before the meeting, markets expected interest ...

Tesla Inc. this week reported a record number of electric vehicle deliveries in a quarter. However, it still missed Wall Street estimates because of a combination of logistical challenges, softening demand, climbing interest rates, and jitters over a possible world ...

IMF Managing Director Kristalina Georgieva has said that 2023 is going to be a tough year as the main engines of global growth – the US, Europe and China – are all going through weakening activity at the same time.Speaking ...

China will stop sending incoming travelers to quarantine starting from January 8 in an important move toward reducing curbs on its borders, which have been closed since 2020. The country has moved its classification of COVID-19 to the less-severe Category ...

Electric vehicles (EV) are making important market share inroads in the US, with EVs accounting for 5.6% of all new cars sold in 2022. While still a relatively small figure, it represents major growth, as EVs made up just 1.4% ...

Mask-wearing commuters in Beijing and Shanghai, China’s two largest cities, are crowding roads and public transport as workers return to factories and offices after tough “Zero-COVID” measures were dropped.Following years of harsh anti-Coronavirus curbs, President Xi Jinping scrapped the country’s ...

The Bank of Japan (BOJ)shocked investors with a surprising change to a key pillar of its monetary policy, causing waves in the currency, bond and equities markets.The Japanese central bank announced that it would loosen the tight limits it had ...

The World Bank has cut its growth outlook for China’s economy, in large part because of the destructive effects of the country’s three-year Zero-COVID curbs. China’s real estate slump is also pulling down the prospects of the world’s second largest ...