At 9:30 a.m. EDT, a devastating earthquake strikes Morocco, claiming the lives of over 1,000 individuals and causing extensive damage to the cherished architectural marvels of Marrakech.
The Cabinet Office has announced that Japan's GDP growth for the period of April-June has been revised down to 4.8%, reflecting soft domestic demand caused by a decline in capital spending and private consumption.
According to the federal statistics office, German industrial output experienced a greater decline than anticipated in July, with the drop in production slightly surpassing expectations.
According to the Federation of German Wholesale, Foreign Trade and Services (BGA), the majority of German exporters are anticipating a decrease in trade in 2023, with some even expecting a significant decline.
Ashtead's shares experienced a decline in London stocks on Tuesday, accompanied by a broader market slide, as retailers and personal goods shares took a hit following concerning data indicating a decrease in consumer demand.xdesw
According to top economist Hans-Werner Sinn, Germany's current state as the "sick man of Europe" is leading to a significant shift towards right-wing politics.
China's financial authorities have made the strategic move to lower down payment ratios and mortgage interest rates for potential homebuyers in order to bolster property prices as the market reaches its peak cycle, just in time for the traditional high season in late September.
In a close call, the Chinese developer Country Garden has managed to avoid default by securing approval from creditors to extend the deadline for a crucial bond repayment.
The euro zone experienced steady price rises in August, with inflation surpassing analysts' expectations, thereby adding complexity to the task of the region's central bank.
Representatives for a New York-based law firm have revealed that offshore creditors of Chinese developer Country Garden are engaging in discussions about potential debt restructuring options, including the possibility of forming a group and exploring legal avenues.
In an unprecedented move that marks a significant development in the ongoing political battle against the nation's soaring drug prices, the Biden administration has identified 10 prescription drugs for price negotiations.
The Jackson Hole meeting of central bankers highlights an escalating crisis in the realm of capitalist governance, as European Central Bank president Christine Lagarde questions whether we are on the brink of a return to the familiar or the dawn of an entirely new era in this era of...