In July, new home prices in China decreased for the first time this year. This is only the latest in a spate of unfavourable reports that indicate a rapid loss in the general economic momentum and highlight the need for more aggressive policy support to boost activity.   Reuters estimates...

Waiting times have climbed from eight to 18 days since July 10, according to shipping company Norton Lilly. The Panama Canal shoaled during the rainy season due to severe drought, and LNG tankers idled for an extended period of time, writes The Financial Times. The wait time for LNG tankers in...

A wide range of Chinese data released on Tuesday showed that there was increased pressure on the economy from several directions. As a result, Beijing slashed key policy rates to assist activity, but economists believe that additional support is still needed to revive growth.   China's...

In April through June, Japan's economy expanded considerably more quickly than anticipated thanks to brisk auto exports and tourist arrivals, which lessened the negative effects of a sluggish post-COVID consumer recovery, despite the likelihood of a worldwide recession casts doubt on the future....

Chinese contractors have received approximately 31% of contracts worth $50 million or more to build similar projects in Africa in 2022, according to the South China Morning Post. The largest infrastructure projects in Africa were built by Chinese contractors, who had to compete with Western firms...

As China, the second-largest economy in the world battled to restore demand and pressure built on Beijing to provide more direct policy stimuli, China's consumer sector entered a state of deflation and factory-gate prices continued to decrease in July.   There is growing concern that...

The White House announced on Wednesday that it will start limiting American investments in some critical Chinese technologies and needing government approval for other ventures, but warned that it might be some time befor0e the changes took effect.   An executive order requiring the U.S....

The EU list will have a section on "undermining democracy," according to Reuters. The European Union (EU) has begun setting the foundation for the imposition of the initial penalties against the military that carried out the coup d'état in Niger, reports Reuters. Unnamed European officials claim...

After chastising bankers for failing to reward depositors, Italy surprised its banks and sent shockwaves through the European financial sector by imposing a one-time 40% tax on profits generated by higher interest rates.   Banks have made record profits as a result of sharply higher official...