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Breaking News: Economy

China’s biggest problem is lack of confidence: Standard Chartered CEO

by Adrian Jhonsan
China’s biggest problem is lack of confidence: Standard Chartered CEO

DUBAI, United Arab Emirates — China is facing a confidence deficit as its economy undergoes massive transition and concern grows over its ongoing property crisis, a top banking CEO said …

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Categories World

China and Russia no longer perceived as top security threats, research finds

by Adrian Jhonsan
China and Russia no longer perceived as top security threats, research finds

Supporters of the Fridays for Future climate action movement, including one holding a sign showing Russian President Vladimir Putin, in Berlin, Germany. Sean Gallup | Getty Images News | Getty …

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Categories World

Russia’s economy ‘in for very tough times’ despite improved outlook: IMF

by Adrian Jhonsan
Russia’s economy ‘in for very tough times’ despite improved outlook: IMF

Kristalina Georgieva, managing director of the International Monetary Fund, at a press conference at the IMF Headquarters on April 14, 2023. Kevin Dietsch | Getty Images News | Getty Images …

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Categories World

Germany’s economy is on shaky ground and there are few signs of hope

by Adrian Jhonsan
Germany’s economy is on shaky ground and there are few signs of hope

Federal Chancellor Olaf Scholz (SPD, r-l), Robert Habeck (Alliance 90/The Greens), Federal Minister for Economic Affairs and Climate Protection, and Christian Lindner (FDP), Federal Minister of Finance, follow the debate …

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Categories World

Inflation in December was even lower than first reported, the government says

by Adrian Jhonsan
Inflation in December was even lower than first reported, the government says

People shop in a supermarket in the Manhattan borough of New York city on January 27, 2024. Charly Triballeau | AFP | Getty Images The prices consumers pay in the …

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Categories World

El-Erian, Krugman and other top economists voice China opinions

by Adrian Jhonsan
El-Erian, Krugman and other top economists voice China opinions

Many Chinese developers have halted or delayed construction on presold homes due to cash flow problems. Pictured here is a property construction site in Jiangsu province, China, on Oct. 17, …

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Categories World

Debt is piling up and it won’t end well for the world, economist warns

by Adrian Jhonsan
Debt is piling up and it won’t end well for the world, economist warns

A mosaic collection of world currencies. FrankvandenBergh | E+ | Getty Images The world is looking at a debt crisis that will span the next 10 years and it’s not …

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Categories World

Credit card delinquencies surged in 2023, indicating ‘financial stress,’ New York Fed says

by Adrian Jhonsan
Credit card delinquencies surged in 2023, indicating ‘financial stress,’ New York Fed says

D3sign | Moment | Getty Images Credit card delinquencies surged more than 50% in 2023 as total consumer debt swelled to $17.5 trillion, the New York Federal Reserve reported Tuesday. …

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Categories World

SPOT, LLY, PLTR, UBS and more

by Albert Wagner
SPOT, LLY, PLTR, UBS and more

Check out the companies making headlines before the bell. Spotify — The streaming stock popped 7.4% after Spotify reported an increase in Premium subscribers — which reached 236 million in …

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Categories Trending Now

Fed may move slowly to cut rates, but this is still a good economy

by Adrian Jhonsan
Fed may move slowly to cut rates, but this is still a good economy

A trader works, as a screen displays a news conference by Federal Reserve Board Chair Jerome Powell following the Fed rate announcement, on the floor of the New York Stock …

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Categories World
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