OPEC+ Announces Surprise Reduction in Output
Saudi Arabia and other OPEC+ oil producers have announced further reductions in output of approximately 1.16 million barrels per day, a…
Former Mastercard CEO Nominated by Biden to Lead World Bank
Former Mastercard CEO Ajay Banga has been nominated by US President Joe Biden to lead the World Bank, with the expectation…
World Bank Cuts 2023 Growth Forecasts
The world bank has cut 2023 growth forecasts, reflecting the growing risk of recession for a number of countries as the…
Global Food Prices Reach Record Highs
The UN food agency’s price index hit a record high in 2022, driven by the disruption produced by Russia’s invasion of…
Global PC Shipments Fall 15% in Q3
Global PC shipments fell 15% year-on-year in the third quarter of 2022, according to preliminary results from the International Data…
J.P. Morgan Believes Global Recession Avoidable
The global economy could avoid a recession, with data pointing to a potential soft landing, according to a note from…
World Bank Reduces Growth Forecast for 2022
The World Bank has reduced its global growth forecast for 2022 by 3.2%, almost a full percentage point down from…
Gamestop Trading Temporarily Halted Following Short Squeeze Spike
Trading in Gamestop (GME) shares was temporarily halted this afternoon, after the price spiked almost 70% in an apparent squeeze…
Post-Pandemic Economic Outlook Dire, Warn Banking Executives
More than four months into the coronavirus pandemic the economic costs so far have been huge, and there is no…
IMF Says Banks Will Struggle Until 2025
A report by the IMF has warned that a large share of the banking sector will continue to struggle until…