Global Finance

Mega events such as the Olympic Games and big concerts like Taylor Swift’s tours are known to cause a surge in prices across various industries, including hotels and airlines. However, a recent analysis by UBS suggests that despite the rise in demand during these events, the impact on French consumers may not be as significant

The U.S. unemployment insurance system has come under scrutiny once again due to renewed fears of a looming recession. Experts caution that the system, which struggled during the Covid-19 pandemic, is ill-prepared to weather another economic downturn. Michele Evermore, a senior fellow at The Century Foundation, expressed concerns about the readiness of the system, pointing

In a recent incident at China’s Ningbo port, a hazardous goods container exploded on the YM Mobility cargo ship, causing a fire on board. Fortunately, there were no reported casualties or injuries as all individuals on the ship were safely evacuated. This highlights the importance of prioritizing safety measures in high-risk situations to prevent any

European policymakers have been longing for bigger banks across the continent, and Italy might be on the verge of delivering just that with a bumper round of mergers and acquisitions. Years after a sovereign debt crisis and a government rescue for Banca Monte dei Paschi (BMPS), the Italian banking sector is now catching the attention

After analyzing the recent weaker-than-expected economic data, Claudia Sahm, chief economist at New Century Advisors, has stated that an emergency rate cut by the U.S. Federal Reserve may not be necessary at this point. She argued that while there is no need for an emergency cut, there is a solid case for a 50-basis-point reduction

In times of market turbulence and volatility, investors often seek refuge in bonds. With the recent fluctuations in the market, it is crucial to consider the potential benefits of incorporating bonds into one’s investment portfolio. Bonds offer stability, income, and diversification, which can help investors navigate uncertain market conditions. According to Joanna Gallegos, the co-founder

Warren Buffett’s Berkshire Hathaway has been steadily offloading Bank of America shares over the past 12 consecutive days. This recent selling spree culminated in the shedding of 19.2 million BofA shares, totaling nearly $779 million at an average selling price of $40.52 per share, according to a new regulatory filing. The conglomerate’s total sales of

Singapore’s central bank, the Monetary Authority of Singapore, recently announced the establishment of a task force to evaluate measures aimed at improving the city-state’s stock market. The task force is expected to focus on addressing market challenges, fostering listings, and enhancing regulations to boost market revitalization and investor confidence. Despite the Straits Times Index showing