Inflation was slightly lower than expected in November in the UK, at 10.7%, as lower fuel prices helped ease price pressures, though high food and energy prices continued to squeeze households and businesses.   Reuters polled economists predicted an annual increase in the consumer price...

The New Zealand government issued a forecast, saying that the country will go into recession in 2023 but anticipating a budget surplus in the 2024–2025 fiscal year. The Labor Party of Prime Minister Jacinda Ardern will face new difficulties as a result of restricted spending and the approaching...

Although consumer inflation likely slowed in November, prices continued to rise at a rapid pace, particularly for services.   According to Dow Jones, economists expect the consumer price index to rise 0.3% in November, or 7.3% on an annual basis. This is a decrease from 7.7% in October....

The latest upheaval is the United States' ban on chip exports to China, which is prompting companies to consider shifting some of their chipmaking capabilities to neighboring Vietnam and India.   Nonetheless, experts believe that the Biden administration's semiconductor export restrictions...

According to JPMorgan analysts, Southeast Asia's markets will behave similarly to a "bungee jump" in 2023, plummeting before surging in the second half of the year.   This is likely to be characterized by a "sharp fall followed by a rapid increase in altitude (bear market rally) followed by...

According to David Mann, chief economist for Asia-Pacific, the Middle East, and Africa at the Mastercard Economics Institute, the period of high inflation has already passed but it will remain higher in 2023 than that of before the Covid pandemic.    “Inflation has...

Tankers carrying Kazakh oil are experiencing delays as a result of Turkey's new proof of insurance requirements for vessels carrying Russian oil, which is now subject to EU sanctions and a G7 price cap.   Kazakh oil is transported through Russia by pipeline and loaded onto tankers at the...

Passengers traveling into or around the United Kingdom during the holiday season will face major disruption due to strikes, and the government has implored people to rethink their plans for Christmas.   Airport workers for the United Kingdom Border Force is scheduled to go on strike from...

As the aviation sector pushes toward targets of zero net carbon dioxide emissions by 2050, airline passengers will pay more for their tickets, stated IATA's (International Air Transport Association) chief Willie Walsh. The CEO of IATA, whose members include the majority of the world's leading...