China’s manufacturing sector shrank at a slower pace in January as the downturns in output and new orders softened, survey results from S&P Global revealed Wednesday. The Caixin manufacturing Purchasing Managers’ Index rose to 49.2 from 49.0 in December. However, the score has remained below the neutral 50.0 for the […]

Italian economy shrank marginally in the fourth quarter of 2022 after expanding in the previous seven quarters, led by weaker domestic demand and lackluster industrial and farm sector performance, preliminary data from the statistical office Istat showed on Tuesday, triggering fears of a mild recession. Gross domestic product shrank 0.3 […]

A slew of economic data and a cautiously optimistic upgrading of the global economic outlook by the International Monetary Fund tend to support the argument that this year will see the bottoming out of the global economy. That’s not to say that there aren’t continuing risks and uncertainties – the […]

Inflationary pressures in the French economy continued unabated at the start of the year as consumer price inflation and the EU harmonized rate accelerated in January and producer price growth remained strong, even as the economy narrowly escaped a recession in the fourth quarter, thus validating the tightening stance of […]

French economic expansion slowed in the fourth quarter of 2022, in line with economists’ expectations, on the back of a slump in domestic demand that was led by a steep fall in household consumption and weaker investments, which was partially offset by trade, preliminary data from the statistical office INSEE […]

Dutch consumer electronics giant Philips Electronics NV reported Monday a loss in its fourth quarter, compared to prior year’s profit, even as sales increased. The company further declared a dividend, and said its order book remains strong. Going ahead, the company projects comparable sales growth in fiscal 2023, 2025, and […]

What a week in wealth. Inflation has taken another surprise jump up, which means interest rates will – for now – keep going up. And that means your precious super nest egg could go down. But there is a little to unpack in all that. If there are two things […]

Shin-Etsu Chemical Co., Ltd. (SHECF.PK,SHECY.PK), a Japanese chemical maker, on Thursday reported that its nine-month net income attributable to owners of parent climbed 63.8 percent to 578.52 billion yen from last year’s 353.14 billion yen. Earnings per share were 1,415.68 yen, compared to 849.18 yen last year. Operating income grew […]

Reflecting the slowdown in the economy, Australia’s business conditions weakened for a third month in a row in December and are likely to ease further, while sentiment logged a moderate improvement, survey results from the National Australia Bank showed Tuesday. The NAB business conditions index fell eight points to 12 […]

Today’s 5-year-olds have it even better than you think. In the wealthiest nations, more than half of these tykes will live to at least 100, the Stanford Centre on Longevity expects. But a society full of centenarians poses a profound challenge for the world’s advanced economies and many of its […]