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
(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
An editorial picture of the Japan flag set against an economic trend graph and images associated with the stock market, finance and digital technology. Manassanant Pamai | Istock | Getty Images Japan’s economy dipped into a technical recession, after unexpectedly contracting again in the October-December period, provisional government data showed Thursday. High inflation crimped domestic demand … 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
This pool photograph distributed by Russian state owned agency Sputnik shows Russia’s President Vladimir Putin (R) and China’s President Xi Jinping heading to a group photo session during the third Belt and Road Forum for International Cooperation at the Great Hall of the People in Beijing on October 18, 2023. Grigory Sysoyev | AFP | … Read more
Kristalina Georgieva, managing director of the International Monetary Fund, at a press conference at the IMF Headquarters on April 14, 2023. Kevin Dietsch | Getty Images News | Getty Images The head of the International Monetary Fund warned the Russian economy is still facing significant headwinds despite receiving a recent growth upgrade by the Washington-based … Read more
A Falcon 9 rocket launches a Starlink mission from Florida on Feb. 27, 2023. SpaceX Ukraine’s main military intelligence agency accused Russian forces of using Starlink terminals produced by Elon Musk’s SpaceX in occupied areas. Starlink has been adamant that its satellite networks have never operated or been marketed in Russia, after its terminals were … Read more
Campaign posters for Nawaz Sharif, Pakistan’s former prime minister, along a street ahead of Pakistan’s national election in Lahore, Pakistan, on Friday, Feb. 2, 2024. Bloomberg | Bloomberg | Getty Images Pakistan’s former Prime Minister Nawaz Sharif declared victory on Friday in the country’s 2024 General Election, one that many Pakistanis and human rights groups … Read more
Many Chinese developers have halted or delayed construction on presold homes due to cash flow problems. Pictured here is a property construction site in Jiangsu province, China, on Oct. 17, 2022. Future Publishing | Future Publishing | Getty Images China’s economy is sputtering. Its property market is crumbling, deflationary pressures are spreading across the nation, … Read more
A ship transits the Suez Canal towards the Red Sea on January 10, 2024 in Ismailia, Egypt. Sayed Hassan | Getty Images Trade associations representing sectors across the global economy have joined an open letter urging more governments around the world to join Red Sea maritime security efforts. The letter, obtained exclusively by CNBC, was … Read more
