Davos Experts See Subdued World Economy in 2024, Regional Divergence Expected
According to a survey of leading economists issued on Monday, the global economy faces a year of muted growth expectations and uncertainty owing to geopolitical unrest, tight financing conditions, and the disruptive influence of artificial intelligence.
Jan 15, 2024 9:28 AM EST
How to Profit From the Coming AI Boom
As more companies stake their fortunes on AI, a new era of unprecedented wealth and opportunity is on the horizon.
TikTok Shop Makes Triumphant Return to Indonesia After $1.5 Billion Investment
In order to revive its online retail operation in Indonesia, social networking app TikTok has partnered with GoTo, a major player in the country's technology sector.
China's Shipments Surge After Six-Month Slump, Bringing Relief to Factories
For the first time in six months, China's exports increased in November, indicating that manufacturers in the second-biggest economy in the world are drawing customers with low prices in an effort to recover from a protracted decline in demand.
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Pakistanis Grapple with Inflation as Floods and Politics Fuel Cost Crisis
The prolonged economic crisis has affected millions of Pakistanis, as the nation receives its 23rd bailout from the International Monetary Fund (IMF) since 1958.
Dec 05, 2023 10:50 AM EST
China's State Banks Eye Strategic Dollar-Yuan Swaps
China's biggest state-owned banks were observed on Tuesday exchanging dollars for yuan in the onshore swap market and then selling those dollars in the spot market to strengthen the yuan.
Dec 05, 2023 8:07 AM EST
UK Government Intervenes to Investigate Potential Abu Dhabi Takeover of The Telegraph
The culture and media secretary has stepped in to investigate the Daily Telegraph's sale to a business supported by the royal family of Abu Dhabi.
Dec 01, 2023 11:10 AM EST
Walmart Diversifies Supply Chain by Sourcing More Goods from India
As part of its efforts to reduce costs and diversify its supply chain, Walmart is importing more items into the United States from India and decreasing its reliance on China, according to data seen by Reuters.
Nov 29, 2023 10:10 AM EST
Australia Imposes Ban on Vapes to Safeguard Public Health: How Will It Affect Businesses?
Australia will prohibit the importation of disposable vaporizers in January, with the aim of reducing childhood nicotine addiction.
Nov 29, 2023 9:00 AM EST
Shein Files for U.S. IPO As $66 Billion Chinese Fashion Giant Expands Globally
Shein has quietly registered to go public in the United States as the Chinese-founded fast-fashion giant seeks to broaden its appeal internationally with a much-discussed IPO.
Nov 28, 2023 8:30 AM EST
Lawmakers Sound Alarm over BoE's Role in Government Policy and Call for Urgent Reforms
A damning analysis by senior U.K. officials claims that the Bank of England's present mandate puts it at danger of being entangled with larger government policy goals and compromises its ability to concentrate on bringing down inflation.
Nov 28, 2023 2:40 AM EST
UK Prime Minister Sunak Unveils $37 Billion Investment Drive to Woo Global Investors
Prime Minister Rishi Sunak hosted global CEOs after announcing 29.5 billion pounds ($36.76 billion) in private sector investments in the nation.
Nov 26, 2023 9:57 PM EST
UK's Electric Car Revolution Gets a Boost as Nissan Invests £2 Billion
Nissan and its partners have revealed their £2 billion plan to use its Sunderland facility to produce three different electric car models.
Nov 24, 2023 11:10 AM EST
Israel-Hamas Conflict Pushes Gaza's Economy Decades Back, Leaving a Trail of Ruin
The already weak economy of war-torn Gaza is in ruins, much like its structures, after Israel bombed the region for more than a month after Hamas terrorists assaulted the nation in October.
Nov 24, 2023 10:11 AM EST
Lloyd’s of London Consults Members on How To Insure the Low-Carbon Transition
According to Lloyd's of London, member businesses are now able to provide input on how to insure the low-carbon transition in the areas of underwriting, investments, exposure management, capital and reserving throughout the course of the next three years.
Nov 24, 2023 6:42 AM EST
UK Government Turns Blind Eye to Workers' Plight, Tax Cuts Exacerbate Financial Hardship
The National Insurance tax on workers will be significantly reduced, as stated by U.K. Finance Minister Jeremy Hunt on Wednesday.
Nov 23, 2023 7:13 PM EST
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