The number of automobiles sold in China increased to 2.38 million units in August, up 32.1% from the same month last year. Electric vehicles (EV), whose sales have been boosted by government incentives, have been the main driver of this recovery.   According to data released on Friday by the...

On Wednesday, the British pound fell to its lowest level against the US dollar since 1985.   In London's afternoon trade, the pound dropped to $1.1407, the lowest level in 37 years, as investors reacted to the U.K.'s deteriorating economic outlook under the leadership of a new prime...

Following the failure of the Group of 20 (G20) climate talks last week, the European Union and China are questioning one another's commitment to battling climate change.   The 20 governments failed to come to an agreement on a joint communique on climate change at the conclusion of last...

Russia's state-owned energy giant Gazprom halted gas flows to Europe via a major pipeline on Wednesday, citing maintenance on its sole remaining compressor.   Gas flows through Nord Stream 1, which connects Russia to Germany via the Baltic Sea, are expected to be suspended from August 31 to...

According to Eurostat's flash figures, Eurozone inflation reached a new high of 9.1per cent in August, with high energy prices being the main driver.   The rate was higher than expected, with economists polled by Reuters expecting a rate of 9 per cent. It is the region's ninth consecutive...

Bitcoin fell below $20,000 on Saturday, extending a fall of nearly 60 per cent from its high point this year. Bitcoin, the most valuable and well-known cryptocurrency of the world, was lower by 1.5 per cent at $19,946 on Saturday, compared to the value of $298 when it last closed. ...

American consumers have been buying less clothing due to inflation, which has forced retailers to slash prices in order to clear out inventory. The second-quarter net sales for Gap fell 8% from a year earlier to $3.86 billion, the retailer reported on Thursday. Gap is the latest to report a decline...

The German government has approved a series of wintertime energy-saving measures that will reduce the amount of lighting and heating used in public structures. Through the new regulations, the government hopes to reduce gas consumption by 2 per cent.   The rules, according to Germany's...

China restricted natural sand exports to Taiwan and froze imports of fruit and seafood goods from the self-governed island on Wednesday, as US House of Representatives Speaker Nancy Pelosi visited Taiwan in a trip criticised by Beijing.    Chinese customs had blocked imports from 35...

In its most recent effort to recover from a string of scandals and losses, Credit Suisse Group AG chose Ulrich Koerner as its new chief executive on Wednesday and announced cost cutbacks as part of a strategic assessment.   The announcement is the result of months of pressure on the...

Japan's government cut its economic growth prediction for this fiscal year, citing falling foreign demand, Russia's war in Ukraine, China's tight COVID-19 lockdowns, and a weaker global economy.   The prediction, which serves as the foundation for the state budget and the government's fiscal...