the Davos Congress Centre where AI is dominating the agenda at this years World Economic Forum. Hosted by Klaus Schwab, the theme for the 54th World Economic Forum (WEF) is restoring trust in the future within societies and among nations. The week-long WEF event brings global leaders and industry leaders together to shape the world’s … Read more
More than 250 billionaires and millionaires have signed on to an open letter calling for wealth taxes to pay for public services around the world. “If elected representatives of the world’s leading economies do not take steps to address the dramatic rise of economic inequality, the consequences will continue to be catastrophic,” the letter writes. … Read more
Pakistan’s military carried out targeted strikes against militant hideouts in Iran on Thursday, responding to an attack by Tehran a day earlier in a rare escalation of tensions that both sides signaled they don’t want to see get worse. Pakistan carried out morning strikes against “terrorist hideouts” in Iran’s Sistan and Baluchestan province, Pakistan’s Foreign … Read more
A rally in some of the world’s largest technology companies fueled a rebound in stocks, with traders also weighing the latest economic data and Fedspeak for clues on the US central bank’s next steps. After a back-to-back slide, the S&P 500 bounced back as volatility in the bond market abated. The megacap space, which bore … Read more
China looks all but certain to hit its growth goal of about 5% for 2023, shifting attention to whether deflation risks, the housing crisis and a lingering confidence crunch will derail efforts to build momentum this year. Data due on Wednesday will likely show China’s gross domestic product expanded 5.2% for the entirety of last … Read more
This monthly roundup brings you a selection of the latest news and updates on global trade. Top international trade stories: EU to end competition exemptions for shipping lines; Panama Canal cuts crossings further as drought intensifies; China to restrict graphite exports. 1. EU to end competition exemptions for shipping lines The shipping industry is due … Read more
This weekly round-up contains key nature and climate news from the past week. Top nature and climate stories: Planet’s life-support systems close to tipping point, say UN scientists; Disappearing ice sheet makes sea level rise unavoidable; Global pledges to halt deforestation by 2030 way off-track. 1. Earth’s systems at threshold of irreversible damage The world … Read more
This weekly round-up brings you the latest stories from the world of economics and finance. Top economy stories: US economy largely unchanged – Fed report; China’s economic growth beats predictions; Japanese inflation drops below 3%. 1. US economy largely unchanged in recent weeks – Fed report Economic activity in the United States changed little over … Read more
The IMF’s latest economic forecast and other economy stories to read World Economic Forum Source link
This weekly round-up brings you the latest stories from the world of economics and finance. Top economy stories: US business activity stalls in September; German GDP forecast to contract this year; Singapore announces new funding to help with cost-of-living crisis. 1. US business activity stalls in September US business activity has been practically at a … Read more