According to industry analysts, gold prices will rise to record highs above $2,000 per ounce this year, albeit with some turbulence, as the United States slows and eventually stops raising interest rates. Spot gold prices have risen above $1,900 per… Read More ›
On Tuesday, urban workers crammed train stations across China’s largest cities as the country’s mass migration for Lunar New Year holidays kicked into high gear, an early sign of economic recovery as officials confirmed a historic drop due to COVID-19… Read More ›
The only G-7 leader scheduled to attend the World Economic Forum’s annual summit in Davos next week is German Chancellor Olaf Scholz, who will speak on the main stage for the second time since taking office in 2021. It is… Read More ›
Official figures show that the UK economy unexpectedly expanded in November, aided by a boost from the World Cup. The economy grew by 0.1%, aided by demand for services in the technology sector and despite rising prices putting pressure on… Read More ›
South Koreans are the world’s biggest spenders on personal luxury goods per capita, according to Morgan Stanley, whether it’s calf-leather Italian Prada bags or classic, checkered British Burberry trench coats. According to the investment bank, total South Korean spending on… Read More ›
This year, Apple CEO Tim Cook’s annual salary will be reduced by more than 40%. According to the technology giant, Mr Cook requested the cut in response to shareholder criticism. The compensation committee at Apple awarded him a total “target… Read More ›
According to JPMorgan, the end of China’s zero-covid policy over the next two years could benefit Australia’s economy significantly. “China’s shift toward an earlier reopening raises the question of potential implications for the Australian economy,” JPMorgan’s chief investment strategist Tom… Read More ›
Weak confidence in personal finances and a squeeze on disposable income will limit food retail sales growth to around 5% in 2023, trailing inflation and December’s growth rate, according to NielsenIQ data released on Tuesday. In November, the Bank of… Read More ›
Customers of the cryptocurrency-focused US bank Silvergate have withdrawn more than $8 billion in crypto-linked deposits. In the final three months of 2022, roughly two-thirds of the bank’s customers withdrew their deposits. To cover the costs and remain liquid, the… Read More ›
Most people associate electric vehicles with automobiles. Global sales of electric vehicles have increased dramatically, with brands ranging from Tesla and Rivian in the United States to Nio and XPeng in China. The International Energy Agency reported that two million… Read More ›
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