China and Russia pledged Tuesday to forge ever-closer economic ties despite opposition from the West following Russia’s invasion of Ukraine last year. China supported expanded cross-border connectivity with Russia as well as stronger mutual trade and investment cooperation. Tuesday’s “in-depth”… Read More ›
As tensions build following Prime Minister Justin Trudeau’s statement that police are looking into “credible allegations” linking New Delhi’s operatives to the death of Sikh separatist leader Hardeep Singh Nijjar, trade discussions between India and Canada have been hampered. On… Read More ›
A study released on Tuesday revealed that political unrest and a faltering economy are eroding the confidence of American companies doing business in China, with the percentage of firms confident in their five-year outlook at a record low. According to… Read More ›
The parent company of the grocery delivery service Instacart, Maplebear Inc., announced on Monday that the price of its initial public offering (IPO) at the upper end of its suggested range resulted in a $9.9 billion fully diluted value. This… Read More ›
The US Federal Reserve is not expected to increase interest rates during its meeting on October 31 to November 1, according to Goldman Sachs strategists, who also predicted that when policymakers meet next week, the U.S. central bank would raise its… Read More ›
After the successful offering of its Arm company, SoftBank is seeking deals in artificial intelligence (AI), including a prospective investment in OpenAI, the Financial Times reported on Saturday. Masayoshi Son, the founder and CEO of SoftBank, plans to invest tens… Read More ›
The losses of the US Federal Reserve have surpassed the $100 billion level and are certain to rise significantly before the bleeding stops, according to the latest data from the institution. The U.S. central bank is still losing money on… Read More ›
According to a Rhodium Group research, American and European businesses are diverting their investment away from China and into other emerging economies. The majority of this capital is being diverted to India, followed by Mexico, Vietnam, Malaysia, and then China…. Read More ›
The European Central Bank will decide on Thursday whether to continue fighting inflation by raising its benchmark interest rate to a record high or taking a break as the economy deteriorates. The central bank of the 20 nations that make… Read More ›
The G20 leaders pledged to work towards tripling the world’s renewable energy capacity by 2030 and acknowledged the need to continue phase-down of coal power, but they refrained from establishing significant climate goals. The 20 largest economies in the world… Read More ›
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