OPEC has downgraded its global economic growth forecast for 2025 to 2.9%, citing the US economic contraction and trade uncertainties. Adjustments in regional forecasts include the ...
OPEC's monthly report forecasts a steady global oil demand growth of 1.3 million bpd in 2025 and 2026, with variations across OECD and non-OECD regions. Transportation fuels are ex...
The second EU-China working group meeting in Brussels focused on financial stability, sustainable finance, and cross-border payments, highlighting the importance of their financial...
The US mortgage applications rose by 1.1% in the week ending May 9, with the Purchase Index climbing significantly. Despite a slight increase in interest rates, the market shows re...
Federal Reserve Bank of Chicago President Austan Goolsbee discusses the delayed visibility of inflation trends in data, advocating for patience and caution in interpreting short-te...
ECB's Joachim Nagel expresses optimism about reaching the 2% inflation target, discusses the data-dependent approach for June's rate decision, and comments on market volatility due...
Spain's inflation rate slightly decreased to 2.2% in April, influenced by lower housing and transport prices. The Harmonized Index of Consumer Prices and core inflation rate also s...
Young Chinese are increasingly turning to rural 'retirement' as a way to escape urban burnout and economic pressures. These retreats offer a temporary respite, fostering community ...
