Global Economy
IMF's Georgieva says Americans should 'cheer up' about falling inflation
IMF's managing director Kristalina Georgieva is hopeful about the US economy as inflation declines further
China factory activity growth accelerates in Dec
China's factory activity expanded at a quicker pace in December due to stronger gains in output and new orders
Analysis / Saudi sovereign wealth fund splashes cash in 2023
Saudi Arabia's Public Investment Fund accounted for about a quarter of the almost $124 billion spent by sovereign wealth funds worldwide last year
Sri Lanka raises taxes ahead of foreign debt deal
Sri Lanka slapped a new 18 % VAT on fuel, mobile phones and computers from Monday to raise revenue ahead of a foreign debt restructuring
Russian economy shrank by 1.2% in 2022, less than previously thought
Russia's economy contracted by 1.2 percent last year, less than the 2.1 percent decline previously estimated
Analysis / King dollar seen vulnerable in 2024 if Fed pivots
The Federal Reserve's dovish December pivot has boosted the case for the weakening dollar to keep falling into 2024
China's December factory activity likely contracted for third month
China's manufacturing activity likely contracted for the third consecutive month weighed by soft demand for manufactured goods
Maersk schedules dozens of vessels to travel via Suez Canal
Maersk has scheduled several dozen container vessels to travel via the Suez Canal and the Red Sea
AI to give fillip to new industrial revolution
Artificial intelligence has the potential to revolutionize various industries, spearheading a new technological and industrial revolution
Half of Russia's 2023 oil and petroleum exports went to China - Russia's Novak
Half of Russia's oil and petroleum exports in 2023 will have gone to China while India's share has risen in two years to 40
China's industrial profits post double-digit gains but recovery uneven
China's November industrial profits posted double-digit gains as overall manufacturing improved, although soft demand continued to constrain business growth expectations, emboldening calls for more macro policy support.
Apple files appeal after Biden administration allows US ban on watch imports
Apple on Tuesday appealed a decision to ban imports of its watches based on a complaint from medical monitoring technology company Masimo, after US President Joe Biden's administration declined to veto a government tribunal.
Oil edges up as investors eye Middle East tensions and US rate cut
Oil edged higher on Tuesday, finding support from geopolitical tensions in the Middle East and investor optimism that the US Federal Reserve would soon start cutting interest rates, boosting global economic growth and fuel demand.
Global 2024 staple food supplies to be strained by dry weather, export curbs
Global wheat , corn and soybean prices are headed for losses in 2023 on easing Black Sea bottlenecks and fears of a global recession
Oil little changed as investors eye Middle East tensions, US rate cut
Oil prices were little changed on Tuesday as investors focused on Middle East tensions and US rate cut
India boosts AI in weather forecasts as floods, droughts increase
India is testing artificial intelligence (AI) to build climate models to improve weather forecasting as torrential rains, floods and droughts proliferate across the vast country, a top weather official said.
US inflation decelerating in boost to economy
US prices fell in November for the first in more than 3-1/2 years, pushing the annual increase in inflation further below 3 percent, and boosting financial market expectations of an interest rate cut from the Federal Reserve next March.
