In response to a stronger-than-anticipated economy and a slower-than-expected decline in inflation, the Federal Reserve left interest rates unchanged on Wednesday but hinted in new projections that borrowing costs may still need to rise by as much as half a… Read More ›
May saw a downturn in China’s economy as both industrial output and retail sales growth fell short of expectations. This raised concerns that Beijing would need to do more to support the wobbly post-pandemic recovery. The economic recovery that began… Read More ›
By 2028, the value of worldwide advertising revenue from retailer-owned e-commerce sites is expected to surpass television revenue due to the medium’s rapid growth. The largest media buyer in the world, GroupM, predicted that advertising revenue from retail media channels… Read More ›
Accenture announced on Tuesday that it would double the number of staff members at the IT consulting company who work with cutting-edge technology by investing $3 billion over the course of three years in its data and AI practise. The… Read More ›
According to Zhu Jiang, the head of Lucid Group’s China operations, the American luxury electric vehicle (EV) manufacturer is getting ready to join the largest car market in the world. According to a person acquainted with the situation who was… Read More ›
Data from the statistics agency Eurostat revealed on Thursday that the euro zone economy entered a technical recession in the first three months of 2023, as indications rise that the region’s prospects for future development will be hampered by central… Read More ›
After the Securities and Exchange Commission (SEC) this week sued Coinbase and Binance, two of the biggest cryptocurrency exchanges in the world, for allegedly breaking its laws, more U.S. crypto exchanges are expected to follow suit. The SEC charged Coinbase… Read More ›
According to government figures released on Thursday, Japan’s economy expanded by an annualised 2.7% in the first quarter of this year, exceeding earlier projections of 1.6% made last month. Reuters questioned economists who predicted 1.9% growth. Shortly after the report’s… Read More ›
Since China supplies a sizable portion of the South Korean chip industry’s production capacity, the U.S.-China chip war may have an effect on these companies, but Fitch Ratings predicts no long-term difficulties. According to the June 7 article, Samsung Electronics… Read More ›
The much anticipated trade statistics from China for May failed to arouse markets that have grown accustomed to the slowing growth of the world’s second-largest economy, but it did inspire fresh speculation about policy stimulus measures from Beijing. For the… Read More ›
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