Economic events

Europe’s economy survived ‘terrible prophecies’ but must now tackle trade with China: EU’s Gentiloni

The European Union has successfully avoided the “terrible prophecies” that threatened its economy in recent years, but must still contend…

Trump budget would spike deficits by nearly 5 times Harris proposal, says Penn Wharton

Former President Donald Trump’s economic proposals would increase federal deficits by $5.8 trillion over the next decade, almost five times…

BHP CEO expects a turnaround in China’s property sector in year ahead

BHP CEO Mike Henry said he expects China’s property sector to rebound in the upcoming year on the back of…

A recession is coming in the U.S., and ‘a few rate cuts’ won’t prevent it, says strategist

Contrary to what many believe, investment research firm BCA Research sees that the economy is on the cusp of a…

Harris erases Trump’s lead on economy among younger Americans, CNBC/Generation Lab survey finds

Younger Americans do not appear to hold Vice President Kamala Harris responsible for what many of them believe is a…

Consumer giants from Starbucks to General Mills have one big sales problem: China

BEIJING — A theme emerging in the latest slew of U.S. companies’ earnings reports is a drag from the China…

The West must be ready to face the ‘deadly quartet’ of global adversaries, analysts warn

LONDON — Hot on the heels of last week’s NATO summit that highlighted the threat and “systemic challenges” posed by…

Wealth in Turkey grew the most in the world at 157% despite soaring inflation, according to ranking

Turkey came out miles ahead of the rest of the world in an annual global wealth ranking — in a…