Economy

Satellite imagery captured by the European Space Agency’s Copernicus Sentinel-1 mission on Sept. 25 shows a number of VLCC supertankers in the waters around Kharg Island, Iran’s principal oil export terminal. This image contains modified Copernicus Sentinel data 2024 processed by Sentinel Hub Satellite imagery revealed a number of oil tankers vacating the waters around […]

The sunset glow is seen over buildings and a ferris wheel on May 13, 2022 in Beijing, China.Vcg | Visual China Group | Getty ImagesChina’s factory activity contracted for a fourth consecutive month in July, while non-manufacturing activity slowed to its weakest this year as the world’s second-largest economy struggles to revive growth momentum in… […]

Rashtrapati Bhavan, the official residence of the President of India, in New Delhi.Kriangkrai Thitimakorn | Moment | Getty ImagesChina’s growth slowdown is set to hurt global commodity demand, but India could make up for some of that shortfall, according to ANZ.India’s economic growth is likely to outpace China’s, with the South Asian nation set to become… […]

Consider the role of the strategist in modern-day portfolio management. Her primary goal is to figure out if the Federal Reserve is going to stop raising interest rates . She has to try to figure out why the longer end of the yield curve is predicting a recession. Given what the yield is saying —… […]

Visa Inc. and Mastercard Inc. credit cards are arranged for a photograph in Tiskilwa, Illinois, U.S.Daniel Acker | Bloomberg | Getty ImagesA bipartisan push in Washington to clamp down on credit card fees is pitting retailers against network payment processors — and both sides are working hard to gain the attention of consumers.The Credit Card… […]

Four years ago, Elizabeth took a “Business English” course to communicate better with her colleagues. But the 35-year-old Taiwanese professional who lives in Singapore said they still ridicule her accent. So she’s now thinking about taking more courses, with two goals in mind: to improve her English pronunciation and “remove” her native accent, she said.”I think my… […]

U.S. Secretary of the Treasury testifies before the Senate Appropriations Subcommittee on Financial Services March 22, 2023 in Washington, DC.Win Mcnamee | Getty ImagesWASHINGTON — Federal bank regulators are not considering any plans to insure all U.S. bank deposits without congressional approval, Treasury Secretary Janet Yellen told members of a Senate Appropriations subcommittee on Wednesday.Several… […]

General Motors’ self-driving vehicle unit Cruise acknowledged that some of its cars stalled out on city streets in San Francisco following rainstorms that downed trees there on Tuesday night.A witness to the Cruise robotaxi failures, John-Phillip Bettencourt, shared photos of the stalled vehicles on Twitter.He told CNBC that around 1: 45 p.m. on March 22,… […]

Workers producing pure electric vehicles at a Volkswagen (Anhui) workshop in Hefei, China, on Sept. 25, 2024. Cfoto | Future Publishing | Getty Images Europe’s top car giants appear to be increasingly concerned about the prospect of massive fines, particularly as electric vehicle demand falters ahead of the next tightening of carbon regulations. Automakers operating […]

U.S. Department of Homeland Security emblem. Gwengoat | Istock | Getty Images The U.S. has added two new Chinese companies to a Xinjiang trade blacklist over forced labor accusations. The move comes just one week after Beijing retaliated against claims of human rights violations in the region and related “discriminatory measures” from American companies. The […]