World economy

Iran begins days of nationwide funeral rites for President Ebrahim Raisi after helicopter crash

Thousands of mourners descended on Tabriz on Tuesday for a funeral ceremony honoring Iranian President Ebrahim Raisi, who perished in…

Biden and Netanyahu’s fraught relationship hits new low after U.S. pauses weapons shipment

“It’s definitely an earthquake.” That’s how American diplomat Richard Haass described the stunning declaration by U.S. President Joe Biden that…

The U.S. is now Germany’s biggest trading partner — taking over from China

After years of China being Germany’s main trading partner, the U.S. looks like it’s quietly taking that top spot as…

UK to suffer slowest growth of all rich nations next year, OECD says

The U.K.’s “sluggish” growth prospects have put it on course to be the worst-performing economy of all advanced nations next…

IMF chief warns of emerging market risk with high U.S. interest rates

Kristalina Georgieva, the managing director of the International Monetary Fund, played down the prospect of any negative impact from a…

WEF president: ‘We haven’t seen this kind of debt since the Napoleonic Wars’

Borge Brende, president of the World Economic Forum, gave a stark outlook for the global economy saying the world faces…

Oil refinery in Russia’s Krasnodar suspends operations after Ukraine drone attack, says TASS

The Slavyansk oil refinery in Russia’s Krasnodar region has been forced to suspend some operations after being damaged in a…

‘Big change’ in global growth is bullish for commodities including copper, says VanEck CEO

Investors should consider commodities due to a “big change” involving international expansion, according to VanEck CEO Jan van Eck. “The…

Treasury Department plans to impose new sanctions on Iran after Israel attack

Treasury Secretary Janet Yellen said Tuesday that the U.S. is preparing new sanctions on Iran after the country launched hundreds…

IMF upgrades global growth forecast as economy proves ‘surprisingly resilient’ despite downside risks

The International Monetary Fund on Tuesday slightly raised its global growth forecast, saying the economy had proven “surprisingly resilient” despite…