World economy

Europe News

EU to push for ambition in global climate talks but plan lacks detail

The EU has agreed its negotiating stance ahead of key UN climate talks in Baku next month, while stressing the links with parallel efforts to reverse ecosystem destruction and stop swathes of the planet – including parts of Europe – turning to desert.

15/10/2024

Economy

Spotlight shifts to ECB as US CPI weakens case for Fed jumbo rate cut

European markets may be bracing for a hawkish rate cut from the European Central Bank, following higher-than-expected US inflation data, which dampened hopes for a significant rate reduction by the Federal Reserve.

12/09/2024

Economy

Can the US manage escalating debt without triggering a fiscal crisis?

The US is grappling with record $34.5 trillion debt, triple the eurozone's, and set to hit 134% of GDP by 2029. Elevated deficits and skyrocketing interest payments may evoke fears of imminent fiscal crisis if countermeasures are not adopted.

25/04/2024

Focus

Leaders call for unified response to global problems at Baku forum

In partnership with Azpromo

Serving and former leaders met under the principles of solidarity, equality and inclusivity to exchange and find global solutions to global problems.

25/03/2024

World

Is gender parity the key to economic prosperity? The IMF says 'yes'

Why does the world need more women in the labour market and managerial positions? Kristalina Georgieva, the International Monetary Fund's Managing Director, shares her thoughts on the Global Conversation.

08/03/2024

Economy

China cuts key interest rate to revive property sector

The world's second-biggest economy is launching a new effort to boost a sector which provides 25% of the country's GDP.

20/02/2024

Economy

Global economy heading towards lowest half-decade growth in 30 years

World Bank predicts the global economy will slow for a third consecutive year in 2024.

10/01/2024

Markets

Gold price climbs to record high: Why are investors flocking to it?

After two lackluster years, gold is staging an impressive comeback in 2023, with the precious metal delivering double-digit gains by the end of November, inching closer to its all-time highs of $2,060 per ounce reached in August 2020.

29/11/2023

Economy

What France’s inflation and unemployment rates could mean for Europe

Inflation keeps shrinking in France while unemployment continues to climb - a trend observed since the beginning of the year. Could Europe soon see a similar scenario?

15/11/2023

Economy

US CPI inflation data: Why does it matter?

US inflation in October fell below market expectations causing stocks and bonds to rally whilst the dollar and US Treasury yields weakened.

14/11/2023

Economy

Economic superpowers at the table: What's the Biden-Xi meeting about?

The US President and his Chinese counterpart are meeting after one year to curb tensions between the world's two most powerful economies.

13/11/2023

Markets

Israel Hamas war: The outcome the financial markets expect

Energy and defence-related investments are set to yield in the next 12-18 months, according to analysts.

30/10/2023

Economy

The global economy 'is limping along, not sprinting' - IMF report

The global economy continues to recover, but GDP growth is going to slow down over the next two years, the IMF has said in its latest economic outlook.

10/10/2023

Markets

Uncertainty in Europe as oil prices keep climbing

Oil prices have climbed further after they hit a ten-month record on Thursday and gas prices are also inching towards their highest level of the year.

15/09/2023

Economy

Your guide to the New Delhi G20 summit

Leaders of the richest countries will meet this weekend in India to discuss the world’s biggest issues. But there’s a high chance the power clashes between them will overshadow global problem solving.

07/09/2023

Panama

Panama Canal faces tough times as ship crossings dip

The Panama Canal authority says it expects revenue to drop by about €182 million in the next fiscal year, a shipping crossings are impacted by the ongoing drought.

04/08/2023

China

Foreign ministers of US and China hold rare one-to-one meeting

US Secretary of State Antony Blinken and China's Foreign Minister Qin Gang talk for nearly six hours in Beijing - but appeared to agree on little.

18/06/2023

World News

OECD sees limited improvement in global economic growth

The Paris-based Organisation for Economic Co-operation and Development's latest economic outlook sees limited improvement in global prospects but says rate hikes will weigh on growth.

07/06/2023

World News

Euroviews. Europe's green future is in the hands of business leaders, too

Consumers' increased expectations of business leaders and brands to behave in a sustainable and circular way are not going to go away. All the research points to the urgency of action, Dr Rodney Collins writes.

17/04/2023

World News

IMF highlights surprising resilience of euro area economies

The euro area economies have shown surprising resilience in the face of multiple disruptions, the IMF says.

11/04/2023