According to The South China Morning Post, total household debt in China will be 61.9 percent of the country's GDP by the end of 2022. The level of household debt in China is increasing and is getting near to the International Monetary Fund (IMF) alert threshold, which denotes the possibility of a...

The Melbourne property surveyor that uses drone operator Nicholas Coomber called its 180-person crew into the office each day at 9 a.m. to distribute assignments before COVID-19 sent one-third of the international workforce home.   Since the surveyors are now able to work from home, they can...

According to economists, Kiev's governmental debt will reach 98.6% of GDP in 2024. Ukraine's governmental debt would increase over the following two years and reach 100.7% of GDP in 2025, the IMF writes statement regarding the findings of the first evaluation of the Ukrainian economy conducted...

The $1 billion that the Andean Development Corporation gave the nation would also be used to settle its debt. The next payment on Argentina's debt to the International Monetary Fund (IMF) will be made with yuan from the currency swap offered by China, said Sergio Massa, the country's minister of...

At an event on Friday that was attended by Prime Minister Narendra Modi, the heads of some of the top semiconductor companies in the United States praised India's technology sector as the world's fifth-largest economy tries to establish itself as a worldwide chip powerhouse.   At...

The beginning of the end of a semiconductor supply glut is being celebrated by global chipmakers, from Intel to Samsung, but the forecast for demand from clients outside the artificial intelligence (AI) industry is still bleak.   Due to a sluggish global economy, high inflation, and rising...

The world's top central banks resumed raising interest rates this week despite falling inflation, but they are now taking a more cautious approach to future movements, suggesting that the year-long cycle of global monetary tightening may be coming to an end.   As anticipated, the U.S....

It was the ninth consecutive rate increase by the European Central Bank. According to the regulator's website, the European Central Bank increased three important rates by 25 basis points. The marginal lending facility rate will be 4.5% starting on August 2, the key refinancing rate will be 4.25%,...

The United States Federal Reserve increased interest rates on Wednesday by a quarter of a percentage point. Fed Chair Jerome Powell stated that for inflation to "credibly" return to the U.S. central bank's 2% target, the economy must still slow down and the labour market must deteriorate....