The European Commission has revised its economic forecasts upwards slightly, predicting growth of almost 1% in the bloc for 2023. Inflation is expected to slow but remain high, a little more so outside the eurozone....
While the big five oil companies registered record profits on the back of the energy crisis, relatively little will be reinvested in renewables as climate goals are slashed. Oil and gas giant Shell last week announced a historic...
The G20 now represents 75% of world trade, nearly two-thirds of the world’s population and more than 80% of the gross world product. Officially, there is parity between the countries of the North and the...
It could be the biggest revolution in the aviation industry since the invention of the jet engine, but there is still much in the way before electric passenger planes before take to the skies. What...
The European Central Bank (ECB) has raised deposit interest rates by half a percentage point to 2.5%. The move comes despite slowing inflation in the eurozone. The European Central Bank on Thursday announced a large...
The focus is squarely on the Federal Reserve today. There is nearly universal agreement that it will lift the target by 25 bp. The market is inclined to see the shift as a sign that...
Silicon Valley firms are facing the music, cutting several hundred thousand jobs after years of incredible growth. Economists are divided over whether the US economy is heading for recession and soaring unemployment. First a trickle,...
Last summer vacation we went to the UK and saw some places and enjoyed them. Being a travel buff, I love to explore places, particularly the east of Asia. Japan has been on my mind...
With the help of German auto giants, Slovakia has become a hub for car manufacturing, making more cars per capita than any other country in the world. But will it survive the end of the...
The US tech giant has announced it will invest billions into developing artificial intelligence applications. Microsoft is planning to integrate OpenAI technology into its own sofware. Microsoft on Monday announced it is extending its partnership with...
The signs of a global economic downturn can be observed in historically high inflation in many global markets, fueling recessionary fears. The Russo-Ukrainian war and aggressive interest rate hikes to curtail inflation have resulted in...
Google parent Alphabet said that the layoffs were due to a “changing economic reality” and that hires had been made during times of growth. The move follows similar cuts at Microsoft, Amazon and Twitter. Google...
