According to data from trade sources, India’s imports of Russian oil increased to a record 1.4 million barrels per day (bpd) in January, up 9.2% from December. Moscow continued to be New Delhi’s top monthly oil supplier, followed by Iraq… Read More ›
According to Goldman Sachs strategists, by the end of this year, Chinese stocks could rise by as much as 24% due to an economic transition from “reopening to recovery.” According to a note published on Monday, the company anticipates a… Read More ›
Although British consumers unexpectedly increased their shopping in January, the overall picture still shows weak demand from households struggling with inflation and turning more to retailer sales to make ends meet. Sales volumes increased by 0.5% from December, marking only… Read More ›
The extent to which China recovers from its prolonged closure, according to the executive director of the International Energy Agency, is the biggest uncertainty facing global energy markets. At the Munich Security Conference, Fatih Birol told CNBC that the oil… Read More ›
Despite the U.S. government’s tougher regulatory stance, cryptocurrency markets rose on Thursday. At around 7:45 a.m. ET, bitcoin increased by 2.4% to $24,579.55, while ether increased by more than 1% to $1,686.87, according to Coin Metrics. According to Vijay Ayyar,… Read More ›
According to a solar manufacturing association, China is expected to add 95 to 120 gigatonnes (GW) of solar power capacity in 2023, or up to 30%, in what would be a record annual capacity increase. According to official data, the… Read More ›
As Europe’s top economy emerges from the energy crisis, activist investors are resuming their years-long efforts to break up some of Germany’s most venerable companies. They see streamlining as a promising path to reviving share prices. This week, investors demanded… Read More ›
Google executives are aware that Bard, the company’s artificial intelligence search engine, doesn’t always provide accurate results. Employees are responsible for fixing at least some of the incorrect responses. In a Wednesday email to staff members, Google’s vice president for… Read More ›
The government announced on Tuesday that Argentina’s inflation rate has reached just under 100%, with savers suffering from some of the world’s fastest rising prices and workers’ budgets being squeezed as costs continue to outpace wages. The South American nation,… Read More ›
As a surprisingly resilient economy avoided a recession, employment in the euro zone increased more than anticipated to a new record high last quarter, signaling stronger underlying inflation pressures that could keep interest rates high for longer. Although it was… Read More ›
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