Global Economy

China’s trade suffers worst slump in 2-1/2 yrs as COVID woes, feeble demand take toll

China's exports and imports shrank at their steepest pace in at least 2-1/2 years in November, as feeble global and…

3 years ago

Exclusive: Tesla plans mass production start for Cybertruck at end of 2023

Tesla aims to start mass production of its Cybertruck at the end of 2023, two years after the initial target for…

3 years ago

OPEC+ oil supply cuts could tip world into recession, IEA says

A decision by the OPEC+ oil producer group last week to rein in output has driven up prices and could…

3 years ago

OPEC+ might have to raise oil output so market doesn’t overheat, Kazakhstan says

OPEC+ might have to raise oil production to avoid market overheating, OPEC+ member Kazakhstan said on Wednesday, as the group…

3 years ago

As US eyes new China chip curbs, turmoil looms for global market

Export restrictions being considered by Washington to halt China's advances in semiconductor manufacturing could come at a substantial cost, experts…

3 years ago

Italy’s Ali Group sees shelter from economic storm in Welbilt deal

Welbilt's exposure to the U.S. fast-food market will make new Italian owner Ali Group more resilient in a slowing global…

3 years ago

Oil prices fall as Libya resumes output, global demand outlook darkens

Oil prices fell on Friday on a weakening global demand outlook and the resumption of some Libyan crude oil output.

3 years ago

GLOBAL ECONOMY Global slowdown fears darken as cost of living bites

The global economy looks increasingly likely to be heading into a serious slowdown, just as central banks aggressively reverse ultra-loose…

3 years ago

Stocks make recovery bid, hemmed in by weakening world economy

World stocks attempted a move higher on Friday after four days of losses caused by mounting fears of economic downturn,…

3 years ago

Bank of England tells lenders to brace for economic storm

The Bank of England warned on Tuesday that the economic outlook for Britain and the world had darkened and told…

3 years ago