Economy

A significant rally in Chinese stocks is prompting a shift in global portfolios, as investors seek to capitalize on new opportunities, Bloomberg has reported. Following Beijing’s aggressive economic stimulus measures,…

Turkey’s annual inflation rate slowed to 49.4% in September 2024, down from 52% in August, according to data released by TurkStat. This marked a significant decrease but was still higher…

Samsung Electronics Co. is poised to significantly reduce its global workforce, with layoffs planned across Southeast Asia, Australia, and New Zealand. Sources close to the situation told Bloomberg that approximately…

Chinese companies have poured more than $100 billion into overseas clean energy technology projects since the beginning of 2023, according to research from Australian group Climate Energy Finance (CEF). The…

As Election Day approaches in the United States, voters are preparing to decide whether Kamala Harris will become the first woman president or whether Donald Trump will return for a…

Earlier this month, Apple was ordered to pay €14bn in back taxes to Ireland, following a long-standing legal battle with the European Commission. The unexpected financial windfall is set to…

Oil prices continued to rise on Wednesday as concerns over supply disruptions after Iran attacked Israel dominated sentiments in the market.  On late Tuesday, Iran fired about 180 ballistic missiles…

Germany’s inflation rate dropped more than expected in September, marking a key economic moment as inflation levels hit their lowest in years. According to preliminary data from Destatis, the German…

Britain’s last remaining coal-fired power plant at Ratcliffe-on-Soar in Nottinghamshire is set to generate electricity for the final time on Monday, after serving the UK for 57 years. The closure…