In September, the euro zone's inflation rate dropped to its lowest level in two years, signalling that the European Central Bank's steady diet of interest rate increases was working to tame inflationary trends, but at an increasing cost to economic development.   According to Eurostat's...

According to Brian Moynihan, Chief Executive of Bank of America Corp., analysts still predict a "soft landing" for the American economy rather than a downturn. "There won't be a recession," he added, pointing out that despite a minor dip since the beginning of the year, consumer spending is still...

This Golden Week holiday, a record number of Chinese people are choosing to stay at home instead of travelling, which could increase domestic consumption but dismays travel agencies who have been waiting for high-spending tourists to return to other countries since the pandemic ended.   The...

The overall volume of deposits in the U.S. banking sector decreased in annualized terms for the first time from 1994, since S&P Global Market Intelligence started performing such estimates. Deposits stood at $17.269 trillion as of June 30, a 4.8% decrease from the same period last year, according...

U.S. companies with investment-grade ratings are becoming more active in placing convertible bonds as they attempt to limit losses from rising borrowing costs brought on by aggressive rate hikes by the Federal Reserve, the Financial Times writes. According to Bank of America, investment-grade...

According to a report by the International Energy Agency (IEA), the demand for fossil fuels must be reduced by 25% by the end of the decade in order to stop global warming By 2030, demand for coal, oil, and natural gas must each decline from 5.8 billion tons in 2022 to 3.25 billion tons, 77 million...

The components of a new economic stimulus package that will be put together next month to assist households in easing the pain of price increases and improve salaries were presented by Japan's Prime Minister Fumio Kishida on Monday. According to Kishida, his cabinet would be given the go-ahead to...

Global investors have been drawn to Indonesia by its EV-friendly policies, but experts believe there is potential for even greater investment growth in Southeast Asia's automotive sector as a whole.   Anindya Novyan Bakrie, CEO and president director of Bakrie & Brothers, an Indonesian...

European households and companies continue to experience high inflation, and the region's central banks have not yet declared success in bringing it down to target.   However, September saw a shift in the tone of their communications as some central banks paused interest rate increases after...