Economy
Red Sea, Panama Canal Send Container Freight Costs Soaring – What It Means For Global Economy And Wall Street
The escalating crisis in the Red Sea region and the Panama Canal drought create significant international shipping and logistics challenges.For instance, the Panama Canal drought causes severe shipping delays...
IMF Chief Says AI Holds Risks, ‘Tremendous Opportunity’ For Global Economy
Artificial intelligence poses risks to job security around the world but also offers a "tremendous opportunity" to boost flagging productivity levels and fuel global growth, the IMF chief told...
AI Threatens To Turn The Service Economy Into A Winner-Take-All Game
The rapid deployment of Artificial Intelligence (AI) applications, computer systems that mimic human intelligence, could turn the service economy into a winner-take-everything game. A few large companies developing the...
China’s Xi Hails ‘Resilient’ Economy In Bullish New Year Speech
President Xi Jinping said Sunday the Chinese economy had grown "more resilient and dynamic" in 2023, despite financial figures continuing to disappoint as the post-Covid recovery stalls.He also promised...
From Fed’s Inflation Fight To Battle Over Bud Light, 2023 Was A Wild Year For US Economy
2023 featured its fair share of big business stories impacting the U.S. economy. From the Fed's inflation fight to the controversy over Bud Light, it was a wild year...
Guinea’s Economy Struggles After Fuel Depot Fire
Almost two weeks after a huge fire in Guinea's main fuel depot brought death and destruction, anger is growing as the economy is reeling, with inflation rising, petrol rationed...
What To Know About Milei’s Bid To Liberalize Argentina’s Economy
Argentina's libertarian President Javier Milei this week unleashed a mega-decree to change or scrap 366 economic rules in a country accustomed to heavy government intervention in the market.The move...
Argentina’s Milei Orders Huge Deregulation Of Economy
Argentina's new leader Javier Milei on Wednesday unveiled a series of measures to deregulate the country's struggling economy, eliminating or changing more than 300 rules, including on rent and...
