Economy

ByteDance founder Zhang Yiming has been crowned China’s wealthiest person, according to the Hurun Research Institute, displacing Nongfu Spring’s Zhong Shanshan, who led for the last three years. Zhang’s $49.3…

After years of welcoming immigrants to tackle labour shortages and boost economic growth, Canada is shifting gears. On October 24, Prime Minister Justin Trudeau’s government announced plans to cut immigration,…

China’s central bank, the People’s Bank of China (PBOC), has announced the expansion of its monetary policy tools by introducing an outright reverse repurchase agreements (repos) facility. This monthly tool…

Gold prices were under pressure on Monday as the dollar and US Treasury yields rose, denting demand for the precious metal.  Easing concerns over a bigger conflict in the Middle…

Even as the oil market struggles to break out of its current range of $70-$75 per barrel, adequate supply going into 2025 is likely to keep prices subdued.  Traders have…

The US Federal Trade Commission (FTC) has recently blocked Tapestry’s $8.5 billion acquisition of Capri Holdings, bringing Chair Lina Khan’s strict antitrust measures back into the spotlight. Khan, with her…

The Venezuelan government, under Nicolás Maduro, expressed its deep discontent on Thursday following Brazil’s decision to block its admission into the BRICS group of emerging economies. Caracas views this decision…

Germany’s economic outlook showed signs of improvement in October, breaking a four-month decline, according to the ifo Business Climate Index. The Index climbed to 86.5 from 85.4 in September, offering…

In an unexpected move, the Bank of Russia has announced a significant hike in its key interest rate, indicating a proactive approach to tackling economic challenges. This decision has major…