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Breaking News: Economy

‘We haven’t seen this kind of debt since the Napoleonic Wars’

by Adrian Jhonsan
‘We haven’t seen this kind of debt since the Napoleonic Wars’

Borge Brende, president of the World Economic Forum, gave a stark outlook for the global economy saying the world faces a decade of low growth if the right economic measures …

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Categories World

U.S., China to hold first AI talks, TikTok stalemate ongoing

by James Odonell
U.S., China to hold first AI talks, TikTok stalemate ongoing

U.S. Secretary of State Antony Blinken waves as he prepares to depart Shanghai Hongqiao International Airport en route to Beijing, on April 25, 2024.  Mark Schiefelbein | Afp | Getty …

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Categories Politics

Stripe co-founder says high interest rates wiped out ‘wackiest’ ideas

by Ev Richard
Stripe co-founder says high interest rates wiped out ‘wackiest’ ideas

John Collison, president and co-founder of Stripe. Christophe Morin | IP3 | Getty Images Rising interest rates crushed technology valuations and had a chilling effect on Silicon Valley. Stripe’s co-founder …

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Categories Technology

Economy increased at a 1.6% rate

by Adrian Jhonsan
Economy increased at a 1.6% rate

People shop in a Manhattan store on July 27, 2023 in New York City. Spencer Platt | Getty Images News | Getty Images U.S. economic growth was much weaker than …

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Categories World

Bank of America not bullish on Asian currencies, cites ‘chaotic era’

by Adrian Jhonsan
Bank of America not bullish on Asian currencies, cites ‘chaotic era’

A Japanese 1,000 yen banknote sits on a pile of South Korean won banknotes for an arranged photograph at a Woori Bank Co. branch in Seoul, South Korea. SeongJoon Cho …

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Categories World

Here’s what 12 ECB members said about interest rates this week

by Adrian Jhonsan
Here’s what 12 ECB members said about interest rates this week

A sculpture of the Euro currency stands in the city centre of Frankfurt am Main, western Germany, on January 25, 2024. Kirill Kudryavtsev | Afp | Getty Images A host …

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Categories World

The ‘deeply misguided’ belief hurting economy: Commerce Sec. Raimondo

by Adrian Jhonsan
The ‘deeply misguided’ belief hurting economy: Commerce Sec. Raimondo

WASHINGTON, DC – JULY 25: U.S. Secretary of Commerce Gina Raimondo listens as U.S. President Joe Biden participates virtually in a meeting on the Creating Helpful Incentives to Produce Semiconductors …

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Categories World

Airline execs predict record summer, even more demand for first class

by Monica Lozano
Airline execs predict record summer, even more demand for first class

Travelers at LaGuardia Airport in New York on June 30, 2022. Leslie Josephs | CNBC While the aviation industry has been in the spotlight lately for a host of safety …

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Categories Travel

EU official warns on weaponization of trade amid U.S.-China tensions

by Adrian Jhonsan
EU official warns on weaponization of trade amid U.S.-China tensions

Valdis Dombrovskis, Vice-President of the European Commission for the Euro & Social Dialogue, photographed at the Renaissance Harbour View Hotel in Wan Chai. 02DEC17 SCMP/ Xiaomei Chen (Photo by Chen …

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Categories World

Russia forecast to grow faster than advanced economies in 2024: IMF

by Adrian Jhonsan
Russia forecast to grow faster than advanced economies in 2024: IMF

Hot liquid metal flows from a blast furnace during the smelting process at the Evraz Consolidated West-Siberian Metallurgical Plant in Novokuznetsk, Russia, on July 22, 2020. Bloomberg | Bloomberg | …

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Categories World
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