Following the release of unexpectedly weak U.S. labor-market data, investors are signaling a shift toward more aggressive Federal Reserve easing. Concerns about cooling job growth have pushed the probability of a substantial rate cut into the spotlight, intensifying debate about… Read More ›
The growing trade surplus between China and the United States has sparked much debate, with some experts pointing to China’s industrial policies as a significant factor. However, the International Monetary Fund’s (IMF) Chief Economist, Pierre-Olivier Gourinchas, argues that broader macroeconomic… Read More ›
The European Union (EU) faces significant challenges in the realm of artificial intelligence (AI) as it struggles to keep pace with the investments and innovations seen in the United States and China. Jensen Huang, CEO of AI chipmaker Nvidia, recently… Read More ›
On Monday, the World Bank said its executive board has approved a $723 million loan package and grants for Ukraine. The move is aimed at providing desperately cash to the Ukrainian government to support its budget even as it battles… Read More ›
With Western countries tightening the noose on Russia over its invasion of Ukraine, Moscow’s allies in the emerging markets have begun exploring channels for trade and finance. Members of the erstwhile BRICs group, Brazil, India and China, are treading cautiously… Read More ›
In a major development, the European Union has drawn up plans which labels nuclear energy and some natural gas projects as “green” investments. The development comes in the wake of a year-long battle between governments over which investments are truly… Read More ›
Welcoming British offers to finance to enhance Ukraine’s naval capabilities, Ukrainian President Volodymyr Zelenskiy welcomed a framework agreement for the same. Playing host to British Defence Minister Ben Wallace, Zelenskiy said, the two discussed ways to ensure safe navigation for… Read More ›
On Monday, Governments are scheduled to push for an agreement to help vulnerable countries deal with global warming and compensate them for damages that have already occurred, in what is likely to be a test whether rich nations and developing… Read More ›
In a significant development, 8 of the world’s top insurance and reinsurance companies, including Europe’s top three insurers by premiums, Allianz, AXA and Generali, have launched a partnership to help speed up the transition towards a net zero emissions economy…. Read More ›
According to Saudi Arabian news outlet Maaal, Saudi Arabian Airlines (Saudia) plans on ordering 70 airliners from Airbus and Boeing. The report states, Saudia is negotiating with local banks to raise $3.07 billion (11.5 billion riyals) to partly finance an… Read More ›
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