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Home sales in the US are on a major decline. December marked the 11th straight monthly fall in sales of existing homes, the longest streak since 1999.Driven by the US Federal Reserve’s fastest interest rate-hiking cycle since the 1980s, the ...

Dutch central bank chief Klaas Knot, a Governing Council member of the European Central Bank (ECB), has said the central bank will carry on with half-point interest-rate increases at the next two meetings.In a recent interview, Knot said the time ...

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 ...

Microsoft Corporation intends to cut thousands of jobs, with some of the roles eliminated expected to come from key divisions like human resources and engineering.The layoffs would underscore a worrying trend among US technology firms. Amazon and Meta Platforms Inc ...

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 ...

In a sign of increasing scrutiny of the crypto market, the US Securities and Exchange Commission (SEC) this week charged two prominent crypto firms, Genesis Global Capital and Gemini, for selling unregistered securities to investors through Gemini's Earn crypto asset ...

Egypt, the most populous country in the Arab world, has had a brutal year. The Egyptian pound recently softened by more than 13% to a new low of 32 to the US dollar. Since March 2022, the pound has lost ...

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 ...

Tesla has trimmed its prices in China again, the second time in under three months, causing speculation of a price war as demand weakens due to monetary tightening measures taking place in developed countries around the world.The automaker has also ...

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 ...

Apple Inc’s total stock market value slipped on Tuesday, falling below $2 trillion for the first time since early 2021, exactly one year to the day the company became the first public tech company valued at $3 trillion.Apple’s shares fell ...