Reversing Moody’s judgement from last week to lower its outlook on US debt, U.S. Treasury Secretary Janet Yellen has stated that the country’s economy is robust and the Treasury market is secure and liquid. “This is a decision I disagree… Read More ›
An increasing number of automakers and suppliers are developing electric vehicle (EV) motors that either significantly limit the use of materials dominated by China, or do not contain rare earths. A list of some of the goods that suppliers and… Read More ›
Government representatives are preparing for difficult negotiations over whether to restrict the quantity of plastic generated or simply to concentrate on waste management as the world’s governments begin another round of talks this week on drafting the first-ever convention to… Read More ›
The United States government’s credit outlook was downgraded by Moody’s Investors Service on Friday from stable to negative due to growing threats to the country’s fiscal stability. The U.S.’s senior unsecured and long-term issuer ratings have been confirmed by the… Read More ›
The U.S. Treasury Secretary Janet Yellen stated that China has been pressed to take action after the U.S. government discovered evidence that Chinese companies may be assisting Russia’s war effort with equipment despite Western sanctions. Yellen claimed to have brought up… Read More ›
According to preliminary data released on Friday, the British economy stagnated in the third quarter. After increasing by 0.2% in the previous quarter, the gross domestic product did not exhibit any quarterly growth in the three months ending at the… Read More ›
Beijing is under pressure to steer its economy and markets through a significant slowdown, which is why efforts to prevent the yuan from depreciating played a part in the turmoil that rocked the financial markets last week, according to Reuters… Read More ›
Even while having a record amount of cash on hand, Berkshire Hathaway reported a sharp increase in operating profitability for the third quarter, as Warren Buffett saw few chances for deals. Operating earnings for the Omaha-based conglomerate, which include income from… Read More ›
Another worrying indication for the nation’s struggling real estate market, the developer of one of Germany’s tallest skyscrapers abruptly stopped paying its constructor in the middle of the project. This year, construction on the 64-story Elbtower skyscraper in Hamburg has… Read More ›
Amid geopolitical tensions and China’s economic slowdown, global investment bank and asset management bosses are getting back together in Hong Kong next week in an attempt to reposition themselves in the second-largest economy in the world and its offshore financial… Read More ›
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