Holiday retail sales in the U.S. are expected to experience their slowest growth in six years, according to a new report from Deloitte. The combination of persistent inflation and dwindling personal savings is leading consumers to adopt a more frugal… Read More ›
Expectations for a strong second-quarter sales growth at Inditex, the owner of Zara, have been dampened by unseasonably wet and cold weather in its largest market, Spain, according to analysts and investors. While Inditex managed to post better-than-expected growth earlier… Read More ›
India’s push to transform itself into a global manufacturing hub has encountered significant obstacles, highlighting the complex interplay between trade policy and geopolitical tensions. Central to this challenge is the strained relationship with China, which has historically been a key… Read More ›
The European Union is at a critical crossroads, facing the threat of economic stagnation and a “slow and agonising decline,” according to a stark report by Mario Draghi, the former Italian prime minister and ex-president of the European Central Bank…. Read More ›
China’s exports surged by 8.7% year-on-year in August, surpassing the expected 6.5% growth forecasted by analysts, as the country continues to rely heavily on international demand to sustain its economic momentum. Despite ongoing global challenges and trade tensions, the growth… Read More ›
Losses from cryptocurrency-related fraud surged by 45% in 2023, reaching over $5.6 billion, as scammers increasingly exploited the rapid and irreversible nature of digital asset transactions. The U.S. Federal Bureau of Investigation (FBI) reported on Monday that the rise in… Read More ›
Asian share markets showed little momentum on Monday as investors across the region remained cautious, bracing for a week packed with critical economic data that could influence the trajectory of U.S. interest rates. The anticipation surrounding a crucial U.S. jobs… Read More ›
Asian manufacturing sectors, particularly in China, displayed tentative signs of recovery in August, with chipmakers benefitting from strong global demand. However, the broader economic outlook remains uncertain due to several looming challenges, including the potential slowdown in U.S. growth and… Read More ›
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