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Economy
China’s greatest downside is insecurity: Commonplace Chartered CEO
DUBAI, United Arab Emirates — China is facing a confidence deficit as its economy undergoes massive transition and concern grows over its ongoing property…
January hiring was the bottom for the month on report as layoffs surged
A UPS driver makes a delivery on January 30, 2024 in Miami Beach, Florida. Joe Raedle | Getty ImagesCompanies announced the highest level of job cuts in January…
Turkey inflation sees largest month-to-month bounce since August
A tram passes shoppers as it travels along Istiklal Street in the Beyoglu district of Istanbul, Turkey, on Tuesday, Dec. 19, 2023.Bloomberg | Bloomberg | Getty…
El-Erian, Krugman and different prime economists voice China opinions
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…
Pink Sea tensions threat considerably larger inflation, OECD warns
Elevated shipping costs as a result of ongoing tensions in the Red Sea could impede the global fight against inflation, the Organisation for Economic…
Debt is piling up and it will not finish properly for the world, economist warns
A mosaic collection of world currencies.FrankvandenBergh | E+ | Getty ImagesThe world is looking at a debt crisis that will span the next 10 years and it's not…
Bank card delinquencies surged in 2023, indicating ‘monetary stress,’ New York Fed says
Adam Gault | OJO Images | Getty ImagesCredit card delinquencies surged more than 50% in 2023 as total consumer debt swelled to $17.5 trillion, the New York…
Turkey’s new central financial institution governor seen as a ‘credible…
Newly appointed Governor of Turkish Central Bank, Fatih Karahan is seen in Ankara, Turkey on February 04, 2024. Emin Sansar | Anadolu | Getty ImagesTurkey's…
Payrolls grew by 353,000, significantly better than anticipated
Job growth posted a surprisingly strong increase in January, demonstrating again that the U.S. labor market is solid and poised to support broader economic…
Unemployment price of Black males rose in January
A networking and hiring event for professionals of color in Minneapolis, Minnesota.Michael Siluk | Getty ImagesBlack men lost ground in the workforce last…