According to a report by the US Ministry of Commerce, the country's population's incomes rose by 0.3% in September over the previous month. Americans' expenses went up by 0.7%. According to Trading Economics, experts projected an increase in revenue of 0.4% and 0.5% in expenses, on average....

The announcement by China's aviation authority that it will raise domestic flight levels to 34 percent over pre-pandemic levels is expected to accelerate Chinese airlines' recovery.   China's main airlines on Friday announced their first quarterly profits in over three years, stoking...

As investors anticipate a Federal Reserve meeting and important U.S. data in the next week, they are keeping an eye out for any indications that the situation in the Middle East may worsen over the weekend, which might increase volatility.   As ground operations against Hamas militants...

High inflation will plague the global economy next year, according to three-quarters of over 200 economists polled by Reuters, with the major danger being that it is bigger than expected, implying that interest rates will remain higher for longer.   Several central banks are still projected...

China's real estate business is slowly imploding.   Major developers such as Evergrande and Country Garden are still mired in debt. 'Ghost cities' dot the Chinese countryside. And now, the International Monetary Fund has lowered its global growth predictions for 2024, citing China's real...

Despite grave predictions of impending recession, the U.S. economy expanded by nearly 5% in the third quarter. This was fueled by rising salaries as a result of a tight labour market and rapid corporate restocking in response to robust demand.   The strongest growth rate in over two years...

The European Central Bank maintained key interest rates at their current level. The marginal lending rate was 4.75 percent, the deposit rate was 4%, and the base rate was still 4.5 percent. "The ECB Governing Council is committed to seeing inflation reach its 2% objective again," the regulator...

September saw the lowest growth in consumer loans in the eurozone since June 2015. The European Central Bank reports that the amount of consumer loans provided last month rose by 0.8% on an annual basis. August saw a 1% increase, although traders surveyed by Trading Economics generally anticipated...

According to IMF predictions, in 2023 Germany is expected to overtake Japan as the world's third largest economy. Germany will surpass Japan in 2023 to become the third-largest economy globally after the US and China, according to Bloomberg, which examined the most recent IMF projections. By...