Germany overtakes Japan as the third largest economy 2024-02-16 21:49:31

DGermany is once again the third strongest economic power in the world. The swap of places in the world rankings was predicted a few weeks ago, but now it is official: Japan, previously number three behind the USA and China, will have a gross domestic product (GDP) of 4.21 trillion in 2023 after two quarters … Read more

Canadian Economy Faces Technical Recession: Factors Impacting Growth and Future Outlook

2023-10-31 22:41:32 Industries that have seen growth include wholesale trade and mining, quarrying, and oil and gas extraction. (Photo: The Canadian Press/Nathan Denette) The Canadian economy may have entered a technical recession, according to Statistics Canada’s preliminary estimate of gross domestic product (GDP). In its GDP report released Tuesday, the federal agency revealed that the … Read more

“Oil Prices Fall on US Debt Ceiling Crisis and Fed Policy Ambiguity: Latest Updates and Predictions”

2023-05-30 09:16:50 AA / Ankara / Sibel Morrow Oil prices fell in early morning trading on Tuesday on worries about US demand hit by the public debt ceiling crisis, interest rate policy ambiguity interest from the US Federal Reserve (Fed) and fears about a possible recession. International benchmark Brent oil traded at $76.58 a barrel … Read more

“Germany Faces Technical Recession: Industry struggles, Inflation, and Interest Rates Weigh Down Economy”

2023-05-25 11:33:19 Europe’s largest economy is idling. I’Germany entered a technical recession in the first quarter of 2023, with a second consecutive drop in its gross domestic product (GDP), weighed down by its industry which is suffering from a drop in demand, against a backdrop ofinflation and rising interest rates. The GDP of Europe’s largest … Read more

Fear of recession due to US default, Treasury Secretary Yellen warns again | Reuters

2023-05-16 13:59:00 Treasury Secretary Janet Yellen said on Wednesday that if the federal debt ceiling is not raised and the United States defaults, millions of Americans will lose their salaries and jobs and businesses will be hit hard. He warned of a possible recession. U.S. Treasury Secretary Janet Yellen testifies before Congress on May 12, … Read more

The baht opened early this morning, reaching a level below 34, expecting the Fed to raise interest rates for the last time : PPTVHD36

2023-05-02 23:48:00 The baht this morning opened at 34.07 baht/dollar, strengthening from yesterday’s close at 34.23 baht/dollar, today’s baht range of 33.90-34.20 baht/dollar. The dollar fell against major currencies in trading on the New York Stock Exchange yesterday. After the US revealed the number of job openings fell to the lowest level in almost two … Read more

The American company “Bed Bath and Beyond” declares bankruptcy

2023-04-23 20:11:50 The American company “Bed Bath and Beyond” for retailing household goods declares bankruptcy after years of losses exceeding one billion dollars annually. The American company “Bed Bath and Beyond” declares bankruptcy Today, Sunday, the American company “Bed Bath and Beyond” for retailing household goods declared bankruptcy after years of losses exceeding one billion … Read more

After energy prices, Europe faces persistent inflation

Published on : 02/03/2023 – 19:07Modified : 02/03/2023 – 19:19 Inflation is falling less than expected in Europe at the start of the year, Eurostat announced on Wednesday. First driven in 2022 by the increase in energy prices – which are experiencing a lull –, it now maintains its momentum, in particular, because of the … Read more