Skyline view of the City of London financial district. Mike Kemp | In Pictures | Getty Images LONDON â The U.K. economy slipped into a technical recession in the final quarter of last year, initial figures showed Thursday. The Office for National Statistics said U.K. gross domestic product shrank by 0.3% in the final three … Read more
Japan’s economy slipped into a recession as it unexpectedly shrank for a second straight quarter on weak domestic demand, data showed on Thursday, raising uncertainty about the central bank’s plans to exit its ultra-easy policy sometime this year. The surprisingly weak performance saw Japan lose its title as the world’s third-largest economy, replaced by Germany. Gross domestic … Read more
Customers shop at an RC Willey home furnishings store in Draper, Utah, Aug. 28, 2023. George Frey/Bloomberg via Getty Images Inflation has pulled back significantly from its pandemic-era peak. In fact, some categories have fallen into outright deflation, meaning consumers are seeing the prices decline instead of rise. Deflation has largely occurred among physical goods … Read more
(L to R) Brazil’s President Michel Temer, Russia’s President Vladimir Putin, China’s President Xi Jinping, South Africa’s President Jacob Zuma and India’s Prime Minister Narendra Modi pose for a group photo during the BRICS Summit on September 4, 2017. Wu Hong | Afp | Getty Images Millionaire population in the BRICS countries will see a … Read more
A general view of the skyline of the Singapore Central Business District, the Marina Bay Sands, the ArtScience Museum and the seating platform at Marina Bay on August 1, 2015 in Singapore. Suhaimi Abdullah | Getty Images SINGAPORE â Singapore lowered its full-year growth for 2023, as official data on Thursday showed the economy grew … Read more
CBO Director Phillip Swagel testifies during the House Budget Committee hearing titled “The Congressional Budget Office’s Budget and Economic Outlook,” in Longworth Building on Wednesday, February 14, 2024. Tom Williams | Cq-roll Call, Inc. | Getty Images The director of the nonpartisan Congressional Budget Office warned House lawmakers Wednesday that the ballooning national debt and … Read more
The Ebba Maersk container ship, operated by A.P. Moeller-Maersk A/S, leaves Suez port and heads towards the Red Sea after passing through the Suez Canal in Suez, Egypt on Saturday, April 6, 2013. Kristian Helgesen | Bloomberg | Getty Images A.P. Moller-Maersk, the second-largest global ocean carrier, is advising customers to prepare for a Red … Read more
London was the No. 2 most-visited city in the world for 2023, according to Euromonitor International. Karl Hendon | Moment | Getty Images LONDON — U.K. inflation held steady at 4% year-on-year in January on the back of easing prices for furniture and household goods, food and non-alcoholic beverages. Month-on-month, the headline consumer price index … Read more
Chocolates packaged for Valentine’s Day sit on a table on February 2, 2024 in Chicago, Illinois. Scott Olson | Getty Images News | Getty Images A bouquet of roses, dinner for two and a box of chocolates make up the essentials for a textbook Valentine’s Day date. But lovers may experience sticker shock this year due … Read more
People shop at a home improvement store in Brooklyn on Jan. 25, 2024. Spencer Platt | Getty Images News | Getty Images Inflation declined in January and consumers’ buying power rose as price pressures for U.S. goods and services continued to ease. The consumer price index, a key inflation gauge, rose 3.1% in January relative … Read more
