China industrial profits fall 4.7 percent in first eleven months of 2024
China’s National Bureau of Statistics reported a 4.7 percent decline in the combined profits of major industrial enterprises for the January-to-November period of 2024. The...
Tag : global economy
ADB lowers South Korea’s 2025 growth forecast to 2 percent
The Asian Development Bank (ADB) has revised South Korea's 2025 economic growth forecast downward to 2 percent, according to an announcement by Seoul's finance ministry...
OPEC predicts 2.25 million bpd surge in global oil demand
The Organisation of the Petroleum Exporting Countries (OPEC) announced Thursday that it anticipates a surge in world oil demand, projecting an increase of 2.25 million...
Economic downturn hits China’s global standing
Despite meeting its 2023 growth target with a 5.2% increase in real GDP, China has encountered a notable economic setback. For the first time in...
Gold prices rally amid U.S. dollar decline and economic data anticipation
In recent Asian trading sessions, gold has witnessed a noticeable uptick, rebounding from its most significant weekly decline since June. This surge is primarily attributed...
Arab Monetary Fund highlights $32 billion credit card fraud menace
An alarming rise in credit card fraud, costing the world economy a staggering $32.3 billion in 2021, has been spotlighted in a new report by...
China grapples with deflation as global concerns mount
China's economic landscape is undergoing a seismic shift as it witnesses deflation for the first time since early 2021. Official data reveals a 0.3% decline...
Egypt and India’s strategic symbiosis marking a new era in diplomacy
Egyptian President Abdel Fattah El-Sisi welcomed India's Prime Minister, Narendra Modi, in a historic meeting at the Ittihadia Palace in Egypt today. This event marked PM...
PM Modi’s progressive policies bolster India-US tech collaboration
In a move that underlines the strengthening of India-US relations, New Delhi and Washington are set to host the inaugural meeting of the Strategic Trade...
US default threatens global crisis as $31.46 trillion debt deadline looms
The United States is facing a potential global economic crisis as it approaches a catastrophic default on its $31.46 trillion debt, according to US Treasury...