The world is significantly off track in its efforts to curb global warming in 41 of 42 crucial measurements and is heading in the wrong direction in six crucial ways, a new international report calculates. The only positive development is that global sales of electric passenger vehicles are now on track to meet the required …
Underlying US price pressures are advancing at a pace that causes apprehension among Federal Reserve officials to declare victory in their fight against inflation. The consumer price index (CPI) excluding food and fuel, seen as a better indicator of underlying inflation, is expected to rise by 0.3% for a third month. The core CPI is …
Goldman Sachs’ outlook for 2024 is fairly upbeat, with the bank eyeing just a 15% chance of a recession.Lucky-photographer/Shutterstock Goldman Sachs said the economy and investing landscape is returning to a pre-2008 environment. Strategists said the global economy has outperformed expectations in 2023, and disinflation should carry on. Conditions are normalizing as the era of …
The Price of Money: The Most Important Price in the Global Economy What is the most important price in the global economy? Is it the price of oil, semiconductors, or even a Big Mac? Surprisingly, the answer is none of these. The most crucial price is the price of money. For over thirty years, this …
China is still grappling with deflationary pressures, which highlights the fragility of its economic recovery in the final months of 2023, according to Bloomberg. Economists surveyed by the publication anticipate that data due on Thursday will show consumer prices in China slipping into deflation in October. Producer prices are also expected to decline for the …
One of the world’s most influential financiers, Larry Fink, has expressed his support for Sir Keir Starmer, the leader of the Labour Party. Fink praised Starmer for bringing the party back to the center ground after the leadership years of Jeremy Corbyn. Fink also hopes that Labour’s transformation is a sign that the era of …
Thanks for joining me. Inflation remained unchanged in September, increasing pressure on the Bank of England to raise interest rates and address persistent price rises. The consumer prices index stood at 6.7% last month. 5 things to start your day 1) Sunak urged to shut down Britain’s gas network and promote heat pumps | Sir …
Thanks for joining me. According to official figures, wage rises have slowed down from the record pace they set in the three months to July. Pay including bonuses rose by 8.1% in the three months to August, easing off from the 8.5% jump in the previous period. 5 things to start your day 1) Israel …
Welcome aboard! Let’s kick off the week with insights on the UK economy. EY economists have adjusted their growth projections for next year, forecasting a 0.7% increase in gross domestic product (GDP), revised down from the previous estimate of 0.8%. However, they have upgraded their 2023 GDP forecast from 0.4% to a more optimistic 0.6% …
Thank you for joining us. Microsoft’s revised $69 billion merger with Activision Blizzard has received approval from competition regulators, following revisions made by the US tech giant. The Competition and Markets Authority has given its consent to the plans, on the condition that Microsoft divests Activision’s cloud streaming rights for PC and console games. 5 …