According to a Federal Reserve poll released on Wednesday, U.S. economic activity increased little between late February and early April, and businesses indicated they expected inflation pressures to remain stable. These findings continue recent patterns that have prevented the central bank from...

As part of their daily governance, banks need to consider the risks associated with using artificial intelligence (AI) and machine learning (ML), according to a senior global banking regulator on Wednesday.   Pablo Hernandez de Cos, the governor of the Bank of Spain and chair of the...

Approximately forty percent of American businesses who failed to pay their debts in 2023 had already failed, per a recent analysis by credit rating company Moody's.   According to the report, which was published on Tuesday, these and other heavily indebted businesses suffered within an...

The International Monetary Fund predicted on Tuesday that the world economy would grow slowly but steadily in 2019. The U.S. economy is driving global output despite obstacles like persistently high inflation, poor demand in China and Europe, and the fallout from two regional wars.   The...

The European Central Bank (ECB) is expected to lower interest rates three times this year, according to Deutsche Bank and Morgan Stanley's updated forecasts about the rate of monetary policy easing. Prior to this year, Morgan Stanley predicted that rates would be lowered by 25 basis points (bps)...

The Wall Street Journal reports that the biggest telecom service providers in China are now required by law to discontinue their use of foreign processors. The relevant directive was issued earlier this year by the Chinese Ministry of Industry and Information Technology, according to sources for...

Consumer confidence in the United States declined in April, and households projected higher prices for the upcoming year and beyond. These developments probably gave the Federal Reserve more justification to postpone lowering interest rates until September.   The University of Michigan...

After the meeting on Thursday, the European Central Bank (ECB) decided to keep all three of its major interest rates at their current levels. The European Central Bank (ECB) declared in a statement that the deposit rate remained at 4%, the base lending rate at 4.5%, and the rate on marginal loans...

The International Monetary Fund (IMF) forecasts that by the end of the decade, global economic growth will slow down to 2.8% annually. The circumstances could alter due to structural reforms or technological advancements. "In the absence of major technological advances or structural reforms, we...