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Alphabet, the parent company of Google, has announced cutting 12,000 jobs, even as other major big tech companies did the same, with Amazon cutting 18,000 jobs, Meta, the parent company...
Whatever happens in China, is of huge interest to the rest of the world, whether it is the issue of COVID or the slowing down of the economy. The latest...
The Bank of Japan (BOJ) on Wednesday maintained ultra-low interest rates, including a bond yield cap it was struggling to defend, defying market expectations it would phase out its massive...
Global stock markets mostly rallied Wednesday as investors were buoyed by optimism over China’s reopening and looming data expected to show a further slowdown in US inflation. Investors brushed off...
The United States National Oceanic and Atmospheric Administration (NOAA) has calculated that in 2022 the largest economy in the world has lost $162 billion to extreme weather events including hurricanes,...
This was supposed to be the comeback year for the world economy following the Covid pandemic. Instead, 2022 was marked by a new war, record inflation and climate-linked disasters. It...
Shares rose Monday in Asia in thin post-Christmas holiday trading, with markets in Hong Kong, Sydney and several other places closed. Tokyo’s Nikkei 225 index gained 0.6% to 26,393.32 and...
The Organisation of Petroleum Exporting Countries (OPEC) has kept to its earlier targets of 2.25 million barrels per day in 2023, a dip from its 2022 figure of 2.55 million...
British government borrowing costs jumped again on Wednesday after Bank of England (BoE) Governor Andrew Bailey told pension funds they had three days to fix liquidity problems before the bank...
The Nobel Prize for Economics 2022 has gone to three American economists, one of them former Federal Reserve chair Ben Bernanke. The other two are Douglas Diamond and Philip Dybvig....
