China’s retail outlook dims after mid-year shopping festival flop
Retailers in China face a daunting near-term future after a disappointing mid-year online shopping festival that has also clouded the…
EU-China trade talks to shape tariff impact
The trade rhetoric is intensifying as China grapples with increasing allegations of subsidy-driven overcapacity. After the US announced last month…
Central banks must prepare for profound impact of AI, BIS says
Central banks should embrace the benefits of artificial intelligence (AI) the Bank for International Settlements (BIS)has said, but stressed the…
16 Nobel Prize-winning economists say Trump policies will fuel inflation
Sixteen Nobel prize-winning economists signed a letter on Tuesday warning that the U.S. and world economy will suffer if Republican…
Not even Euro 2024 can improve German consumer confidence
German consumers are keeping their wallets closed. After four positive months, consumer confidence has weakened, emphasising the ongoing struggle of…
EU leaders want more green industry in Europe, draft shows
European Union leaders will call this week for a greater focus on manufacturing green technologies in Europe, as competition to…
Fed’s Cook: ‘At some point’ it will be time to cut interest rates
Federal Reserve Governor Lisa Cook said on Tuesday the U.S. central bank is on track for a rate cut if…
Russian wheat offered lowest at Egypt’s GASC tender, traders say
The lowest free-on-board offer presented at an Egyptian state purchasing tender for wheat on Tuesday was $227 per metric ton…
Finland’s Gasum to end Russian LNG imports in line with EU sanctions
Finland’sGasum, a key gas supplier to the Nordic region, will stop buying and importing Russianliquefied natural gas (LNG) in July…
EU 2023/24 soft wheat exports at 29.59 mln T by June 23
Soft wheat exports from the European Union since the start of the 2023/24 season in July had reached 29.59 million…