Economy

China has reduced its benchmark lending rates in an effort to stimulate economic growth and address a struggling housing market. The one-year loan prime rate (LPR) was lowered to 3.10%…

With nearly $10 billion worth of investments being pulled out, October has emerged as the worst month on record for Foreign Institutional Investors (FIIs) withdrawing from India’s stock market. The…

South Africa is gearing up for a wave of initial public offerings (IPOs) and fundraising activities, set to begin as early as 2025, as the country’s economic outlook brightens after…

The Central Bank of the United Arab Emirates (CBUAE) has granted preliminary approval to AED Stablecoin, bringing the project a step closer to becoming the UAE’s first regulated dirham-pegged stablecoin.…

Chancellor Rachel Reeves is preparing for one of the most significant UK budget presentations in years, facing the challenge of closing a £40 billion funding gap. Economic pressures such as…

A group of US lawmakers, including Congressman John Moolenaar, Senator Marco Rubio, and Senator Joni Ernst, have called for an investigation into McKinsey & Company’s failure to disclose its work…

A recent report from the World Bank highlights a pressing global issue: 8.5% of the world’s population—approximately 700 million people—live in extreme poverty, defined as surviving on less than $1.90…

The Bank of Canada (BoC) is at a crossroads as it prepares for a pivotal decision next week regarding interest rates, with market expectations split between 25-basis points (bps) and…

Japan’s core inflation rate slowed in September, marking the first decline in five months, driven by government utility subsidies aimed at alleviating price pressures. According to data released by the…