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The BoE cut rates by 0.25 percent to 5.0 percent, a decision viewed as a close call
The report projected 2.1 percent U.S. economic growth in 2024, down from 2.5 percent in 2023
This week, the U.S. Federal Reserve, the Bank of Japan and the Bank of England are holding monetary policy meetings
This procurement is part of a series of contracts aimed at refilling the nation's emergency oil stockpile
The U.S. eclipsed the $34 trillion threshold in early January 2024
In 2022, wealthier economies provided an all-time high of $116 billion for climate finance for developing countries
The solid growth is driven by resilient consumer spending and business investment
Rising geopolitical threats and political uncertainty will likely impact financial markets around U.S. election
However, global demand growth is expected to fall below 2 percent year-over-year in the second half of 2024
Core U.S. retail sales rose 0.9 percent in June after a 0.4 percent unrevised gain in May
14.64 million foreign nationals entered China through various ports during the first six months of the year
IMF urges the U.S. government to reduce its high fiscal deficit and put debt on a downward trajectory
Rapid population doubling projected in 9 developing countries by 2054 due to very high growth rates
The IEA has forecast an oil demand growth of 970,000 barrels per day (bpd) in 2024
The BLS data also showed that consumer prices fell by 0.1 percent on a monthly basis
In 2023, wealth growth across the world has recovered from its 3 percent contraction the previous year
Reducing policy restraint too late or too little could unduly weaken economic activity and employment, Powell stated
Data showed that Asia was an outlier that registered inflows of $3.1 billion in H1 2024
Renewable energy consumption in the U.S. exceeded coal for the first time in about 140 years
U.S. stock market recorded significant gains this year as enthusiasm around AI surged
External financial assets reached $1.911 trillion at the end of December last year
The country's trade deficit narrowed to $7.7 billion, down nearly 12 percent from a year earlier
Data reveals 4.8 percent decline in energy index and 0.1 percent decline in food prices
This reflects the continued recovery of the Asia and Pacific (APAC) region from the impacts of the COVID-19 pandemic
