European Commission lowers growth outlook and says economy has lost momentum during a difficult year
The European Union’s executive commission has lowered its growth forecast for this year and next, saying the economy “has lost momentum” in 2023 as inflation weights on consumer spending and higher central bank interest rates deter borrowing for purchases and investment
1970-01-01 08:00
UK inflation falls sharply to 4.6%, lowest level in 2 years
Inflation in the U.K. dropped sharply in October to its lowest level in two years largely because last year's steep rise in domestic energy bills dropped out of the annual comparison
1970-01-01 08:00
Stock market today: Asian shares get a lift from rally in US following encouraging inflation report
Asian shares are mostly higher, cheered by a rally on Wall Street that was one of the best days of the year following a surprisingly encouraging report on inflation
1970-01-01 08:00
Asian economies must ramp up wind and solar power to keep global warming under 1.5C, report says
A German thinktank has reported that to prevent global warming from surpassing the critical threshold of 1.5 Celsius, major Asian economies must ensure they can get half of their total electricity from renewables by 2030
1970-01-01 08:00
China's economy shows sparks of life, despite persisting weakness in troubled real estate sector
China has reported its economic growth showed more signs of rekindling in October as retail sales and factory output picked up even though the property sector remained sluggish
1970-01-01 08:00
Cuban private grocery stores thrive but only a few people can afford them
Dozens of tiny grocery stores have sprung up around Cuba in recent months
1970-01-01 08:00
Biden aims for improved military relations with China when he meets with Xi
President Joe Biden and Chinese President Xi Jinping are expected to agree to restore some military-to-military communications between their armed forces
1970-01-01 08:00
Labor abuse on fishing vessels widespread, with China topping list of offenders, report says
A new report has identified nearly 500 industrial fishing vessels where workers face hazardous, forced conditions sometimes akin to slavery
1970-01-01 08:00
Dubai International Airport, world's busiest, on track to beat 2019 pre-pandemic passenger figures
Passenger numbers at Dubai International Airport this year will eclipse the pre-pandemic passenger figures in 2019, showing the strong rebound in travel after the coronavirus pandemic and lockdowns that grounded aircraft worldwide
1970-01-01 08:00
Japan's economy sinks into contraction as spending, investment decline
Japan’s economy slipped into a contraction in the third quarter, decreasing at an annual pace of 2.1% as consumption and investments shrank
1970-01-01 08:00
Mexican magnate's firm says it's too poor to pay US bondholders the tens of millions owed
The company run by Mexican TV, retail and banking magnate Ricardo Salinas Pliego says it has failed to reach agreement with bondholders in the United States who are owed tens of millions of dollars in past-due payments
1970-01-01 08:00
Lease of Gulf waters delayed by whale protection debate must continue, court rules
A federal appeals court has ordered the Biden administration to carry on with an auction of oil and gas drilling leases for Gulf of Mexico waters in 37 days — rejecting arguments by environmentalists
1970-01-01 08:00