ECONOMICS
Europe, which has imposed tariffs of up to 45 percent on Chinese electric vehicles, fears Beijing is rapidly shifting parts of its EV manufacturing supply chain to nearby Morocco in an effort to bypass those duties and gain easier access to the European market. EU Trade Commissioner Maroš Šefčovič has
UBS To Boost Dividend, Sees Buybacks Above 2022 Target
ZURICH — UBS Group plans to increase its dividend by 10 percent and expects 2022 share repurchases to...
IMF’s Georgieva Says Central Bankers Must Be ‘Stubborn’ in Fighting Inflation
WASHINGTON — Central bankers must be persistent in fighting broad-based inflation, International Monetary...
Bank of England to Raise Rates to Counteract Inflation: Poll
LONDON — The Bank of England looks set to hike borrowing costs by another 50 basis points next week,...
US Freight Railroads Prepare for Potential Strike Disruption
LOS ANGELES (Reuters) - Major U.S. freight railroads said on Friday they were preparing for a possible...
China’s Trade Falters as Demand Wanes at Home and Abroad
BEIJING — China's exports and imports lost momentum in August with growth significantly missing forecasts...
Europe Heading for Recession as Cost of Living Crisis Deepens
The euro zone is almost certainly entering a recession, with surveys released on Monday, Sept. 5 showing...
Japan Sees Spending Growth Despite Looming Inflation
Japan's household spending grew for a second straight month in July despite a resurgence in COVID-19...
Curtains Drawing on Runaway Rise in Global Housing Prices: Poll
A runaway surge in global house prices is drawing to a close as interest rates rise along with the cost...
German Economy Likely Already in a Recession, Will Last Three Quarters: Reuters Poll
The German economy is on track to contract for three consecutive quarters starting from this one, according...