Europe’s auto industry group stated on Thursday that new car sales in the EU decreased by 5.2% year over year in March, which was the largest loss since July 2022 and the first decline of the year. The decline was… Read More ›
Economy & Finance
Financial Dangers Persist Despite A “Soft Landing,” The IMF Cautions
The International Monetary Fund is issuing a warning against market overconfidence as investors wait for central bankers to successfully execute a “soft landing” in their protracted fight against inflation. Markets have been “quite optimistic” since the October edition of the… Read More ›
In The March Quarter, China’s Economy Expanded More Quickly Than Anticipated
Data released on Tuesday indicated that China’s economy expanded more quickly than anticipated in the first quarter, providing some respite to policymakers as they work to support growth in the face of persistent weakness in the real estate market and… Read More ›
The Bank Of England Will Significantly Revamp Its Archaic Inflation Forecasting Methodology
After a long-awaited assessment by former Federal Reserve Chair Ben Bernanke, the Bank of England announced a “once in a generation” reform of its inflation predictions. The assessment, which was started in response to criticism of the central bank’s policy… Read More ›
Global Investors Retreat From Equities Funds Due To Worries About Inflation
In the week ending April 10, global investors pulled out of stock funds for the second week in a row, as concerns about inflation persisted and hopes of a June rate decrease by the US Federal Reserve began to wane…. Read More ›
Study Shows Lower Consumer Mistrust In Bitcoin, Yet One Third Anticipate Drop In Prices
According to a Deutsche Bank survey released on Monday, consumers are growing somewhat less sceptical of bitcoin, although fewer than one-third of respondents still believe that its price would plummet by the end of 2024. Despite the fact that billions… Read More ›
Artificial Intelligence Will Surpass The Smartest Human By 2025 , Believes Tesla CEO Elon Musk
Elon Musk, the CEO of Tesla, forecasted on Monday that artificial intelligence surpassing human intelligence would likely emerge by 2026 or the following year. In a lengthy interview on X spaces marred by numerous technical hiccups, Musk also revealed to… Read More ›
Risks Of Upward Inflation Make US Fed Officials Cautious About Cutting Rates
According to two US Federal Reserve members who joined the chorus of American central bankers, the members are downplaying the need to cut interest rates in the face of persistent inflation. One of them issued a warning, stating that should… Read More ›
Research Shows Women In UK Finance Industry Make A Third Less Than Their Male Counterparts
Salary data from 21 corporations analysed by Reuters reveals that some of the leading financial organisations in Britain pay women 28.8% less on average than their male counterparts, despite their stated goal of increasing the number of women hired for… Read More ›
Bank Of England Establishes Guidelines For The “Digital Sandbox”
In an effort to stay up with the quick speed of technological advancement, the financial regulators in Britain opened up public comment on their new “sandbox” for trading digital assets in “real world situations” on Wednesday. Within a strictly regulated… Read More ›
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