According to Nomura, China's Covid lockdowns are having a lessening impact on the economy for the first time since early October.   However, analysts at a Japanese bank warned that the road ahead will be difficult because China does not appear to be prepared for an increase in infections....

A $60 per barrel price cap on Russian oil was fixed on Friday by the European Union in the most recent efforts to severe sources of funds for Russia for funding its war on Ukraine.      Meanwhile, according to a reported estimate from Ukrainian presidential aide Mykhailo...

A UK government-backed task force has stat6edt hat the country's financial services sector should be doing more to "break the 'class' ceiling," even as new targets urging for at least half of senior leaders to be appointed from working-class or lower socioeconomic...

In its latest report, the US Federal Reserve said that household debt in the country increased at the fastest rate in 15 years during the third quarter, owing to significant increases in credit card usage and mortgage balances.   Total debt increased by $351 billion from July...

According to Adobe, which tracks sales on retailer websites, consumers spent a record $9.12 billion online this Black Friday.   Overall online sales for the day after Thanksgiving were up 2.3% year over year, with electronics playing a major role, with online sales increasing 221% over an...

It seems like an eternity ago, but it was only a year ago. The Nasdaq Composite had just reached its peak in 2021, having more than doubled since the beginning of the pandemic. Rivian's mega-IPO was the latest in a record-breaking year for new issues. Hiring was brisk, and tech workers reveled in...

The term "metaverse" is amongst of top three contenders for the title of Oxford "Word of the Year" (WOTY) within a competition conducted by Oxford University Press (OUP), the publisher of the Oxford English Dictionary.   On November 22, OUP officially announced the launch of...

The Financial Conduct Authority said on Tuesday that Britain's 'highly concentrated' consumer credit ratings market, which is used to obtain loans, is not working well and that a new industry body is needed to help improve the quality of scores.   Experian, Equifax, and TransUnion account...

According to the Silver Institute on Thursday night, the world's demand for silver is anticipated to increase 16% this year to 1.21 billion ounces, resulting in the largest deficit in decades.   According to the institute, record levels were anticipated for the use of silver by industry, in...

To help with a "liquidity crunch" at the rival exchange, cryptocurrency giant Binance signed a non-binding agreement on Tuesday to purchase FTX's non-U.S. unit. This stunning bailout has renewed investor concerns about cryptocurrencies.   Sam Bankman-Fried, the CEO of FTX, and Changpeng...

A falling yen has made new iPhones out of reach for some consumers and sparked a growing secondhand trade in a significant market for Apple Inc. For years, Japanese consumers eagerly paid top dollar for the newest gadgets.   The Japanese yen's decline to a 32-year low against the dollar has...