Turkey’s inflation hits two-decade high of 70%
The currency slide was triggered by a 500 basis point interest rate easing cycle which began last September under pressure...
economy
The Fed’s favorite inflation measure hit a fresh 40-year high
Energy costs soared in the first quarter on the back of the war in Ukraine, rising 33.9% for the year...
Soaring costs and shortages push German industry to the brink
"There has never been anything like this before," Georg Geier, the company's managing director, told CNN Business. The major difference...
This measure of German inflation just hit its highest level since 1949
German annual producer price inflation topped 30% in March, the country's Federal Statistics Office said on Wednesday. That's its highest...
Germany faces $240 billion hit if Russian gas is cut off
The country would lose 220 billion euros ($238 billion) in economic output over the next two years in the event...
China’s economy hit by double whammy in March
The official manufacturing Purchasing Managers' Index (PMI) fell to 49.5 from 50.2 in February, the National Bureau of Statistics (NBS)...
The Great Resignation is taking root around the world
"The Great Resignation is people saying, 'Whatever the situation is, I want better,'" Patrecia Ming Buckley told CNN Business. The...
China’s President Xi Jinping vows to ‘minimize’ the economic impact of Covid spike
China must "strive to achieve the maximum prevention and control at the least cost, and minimize the impact of the...
Rate hikes are here: What does that mean for you?
Fed officials said Wednesday they are raising interest rates, beginning their first cycle of rate hikes since the one that...
China’s economy had a surprisingly good start to the year, but it may not last
Retail sales rose 6.7% in the first two months of 2022 compared to a year ago, according to data released...
This key measure of inflation climbed at the fastest pace since 1982 last month
The price index tracking consumer spending increased by 6.1% between January 2021 and January 2022, according to new data from...
Why the Russian invasion will have huge economic consequences for American families
That's because the world economy and financial markets are interconnected. As Covid demonstrated, events on one side of the planet...
Why the Ambassador Bridge is crucial to two nations’ economies
And the Ambassador Bridge, which separates the US and its neighbor to the north, may be the most economically important...
Analysis: Why China won’t put its economy on the line to rescue Putin
But don't expect China to offer much more than supportive words to its northern neighbor should the United States and...
Child care workers are vanishing and it’s hurting the entire economy
And now it's starting to backslide.The workforce reductions -- coupled with ongoing challenges of low pay and spotty benefits for...
China’s birth rate drops for a fifth straight year to record low
The world's most populous country recorded 10.62 million births last year, or only 7.5 births per 1,000 people, according to...
China’s economy expanded 8.1% in 2021, but growth is slowing
That figure is roughly in line, if not slightly higher than, the expectations set by many economists. And it outstrips...
Fed Releases Transcripts of 2016 Policy Meetings
Transcripts released by the Federal Reserve on Friday revealed the extent of officials’ 2016 debate over how fast to move...
China’s industrial profit growth tumbles as raw material prices fall
Profits rose 9.0% on-year in November to 805.96 billion yuan ($126.54 billion), well off the 24.6% gain reported in October.For...
China spent 2021 battling business. Xi Jinping will play it safer this year
Add that to a handful of other problems in the world's second largest economy, and you have some serious risks...
