Eurozone: The increase outpaced the predictions from economists. The European Central Bank hinted that another interest rate hike was likely on the horizon. Inflation reached 10.7% across the 19 countries that use the euro currency,...
The narrowness of AI will someday be replaced by artificial general intelligence. But will it have the capability to rival human intelligence and creativity? Some of the world’s most advanced artificial intelligence (AI) systems, at...
Not too many surprises are expected from the 20th Congress of the Chinese Communist Party (CCP), which meets from October 16 to 23, except perhaps the promotion of newcomers among the seven members of the...
The German government and leading economists say that Germany is heading toward a recession. What constitutes a downturn and what does that entail? Germany’s economy is facing extremely testing times. First, the coronavrius pandemic took a...
Lebanon is in the midst of a currency crisis and has devalued its local currency. But implementing a new exchange rate policy is set to have catastrophic consequences on people’s daily lives. Lina Boubess, 62,...
In the times when supply-chain resiliency is an important pillar of any nation’s external economic engagements, the release of the Container Port Performance Index Report 2021 is not only timely but is indeed eye-opening for...
The dollar continues to ride high. It reached its highest level against the yen since the recent intervention. The Canadian dollar has fallen to its lowest level in two-and-a-half years and the New Zealand dollar...
Ben S. Bernanke, Douglas W. Diamond and Philip H. Dybvig have won the 2022 Nobel Prize in economics “for research on banks and financial crises.” The trio were honored for their groundbreaking work on bank...
Asia Pacific bourses followed yesterday’s US loss, but after opening lower Europe’s Stoxx 600 has steadied. US futures are narrowly mixed ahead of the US jobs report. Benchmark 10-year yields are higher across the board....
Liz Truss has endured a brutal start to her tenure as UK prime minister. Her first major policy move led to financial chaos and a humiliating U-turn. Her position is already in doubt, as the...
As energy prices continue to soar, EU member states are holding emergency negotiations on how to soften the blow for businesses and consumers. European Union energy ministers on Friday agreed on a package of measures...
Tornadoes can be destructive and hard to predict. We know why they form and that climate change can play a part — but we can’t always see them coming. Here’s why. Tornadoes can be terrifying...