Vehicles set to be shipped to Europe, at Taicang Port on Dec. 19, 2022, in Suzhou, China. Vcg | Visual China Group | Getty Images The European Union will need to levy higher-than-expected tariffs of up to 55% on Chinese electric vehicles to curb their imports into the bloc, according to a new analysis by … Read more
International Monetary Fund (IMF) Managing Director Kristalina Georgieva speaks during a briefing on the Global Policy Agenda at IMF headquarters during the IMF/World Bank Spring Meetings in Washington, DC on April 18, 2024. Mandel Ngan | Afp | Getty Images Kristalina Georgieva, the managing director of the International Monetary Fund, played down the prospect of … Read more
Crowds walk below neon signs on Nanjing Road. The street is the main shopping district of the city and one of the world’s busiest shopping districts. Nikada | E+ | Getty Images The International Monetary Fund on Tuesday slightly raised its global growth forecast, saying the economy had proven “surprisingly resilient” despite inflationary pressures and … Read more
People wade through submerged street after heavy rain in United Arab Emirates on April 16, 2024. Anadolu | Anadolu | Getty Images DUBAI — One of the world’s busiest airports temporarily halted operations as the United Arab Emirates experienced its heaviest rainfall on record. The downpour prompted flight cancellations and delays at Dubai’s international airport, … Read more
European Central Bank President Christine Lagarde on Tuesday said the central bank remains on course to cut interest rates in the near term, subject to any major shocks. Lagarde said the ECB would monitor oil prices “very closely” amid elevated fears of a spillover conflict in the Middle East. However, since Iran’s unprecedented air attack … Read more
People shelters from the rain beneath a Union flag-themed umbrella as they walk past spring flowers in blossom, in St James’s Park in central London on April 10, 2024. Justin Tallis | Afp | Getty Images LONDON — U.K. gross domestic product rose 0.1% in February, the Office for National Statistics said on Friday, providing … Read more
Copper plates on wagons ready for onward shipping at the Mufulira refinery, operated by Mopani Copper Mines Plc, in Mufulira, Zambia, on Friday, May 6, 2022. Bloomberg | Bloomberg | Getty Images Soaring copper prices show no signs of slowing down, analysts say, with the red metal’s rally fueled by supply risks and improving demand … Read more
Roughly half of adults are stressed about personal finance, a new survey spanning various advanced economies found. D3sign | Moment | Getty Images At least half of adults in a range of major economies report being stressed about their personal finances, and say inflation is one of the main reasons. A significant number also say … Read more
Terry Vine | Getty Images Falling fertility rates are set to spark a transformational demographic shift over the next 25 years, with major implications for the global economy, according to a new study. By 2050, three-quarters of countries are forecast to fall below the population replacement birth rate of 2.1 babies per female, research published … Read more
The Open Arms vessel docked in the Cypriot port of Larnaca. – | Afp | Getty Images An aid ship was approaching the Gaza Strip’s coastline on Friday with much-needed deliveries for the Palestinian people, as relief organizations warn that thousands in the besieged enclave are on the brink of famine. The ship — called … Read more
