Browsing: Economy

The yen hit a 34-year low against the dollar on Wednesday, just over a week after the Bank of Japan announced a much-anticipated interest rate hike in a shift away from years of ultra-loose monetary policy.

The corporate exodus from Russia since its 2022 invasion of Ukraine has cost foreign companies more than $107 billion in writedowns and lost revenue, a Reuters analysis of company filings and statements showed.

Pointing to the still paltry share of renewable energy in global supply, the head of Saudi Aramco described the current energy transition strategy as a misguided failure on Monday.

Russia has decided to focus on reducing oil output rather than exports in the second quarter in order to evenly spread production cuts with other OPEC+ member countries, Deputy Prime Minister Alexander Novak said on Friday.

The disgraced crypto mogul “orchestrated one of the largest financial frauds in history,” government prosecutors argued

Chinese companies are producing too many batteries, solar panels, and electric cars, harming American workers, US Treasury Secretary Janet Yellen has claimed. She intends to bring up the issue on her trip to Beijing next month.

The combined wealth of the richest people in the US has grown to $44.6 trillion, according to the Federal Reserve

Russians are scaling back their property investments in Dubai due to a rise in local prices and a tighter US sanctions compliance policy in the emirate, Bloomberg reported on Thursday.   

GDP growth in the world’s largest economy was pegged at an annual rate of 3.4 percent in the final three months of 2023, said the Commerce Department in its latest report

This achievement is significant as the country recorded a rate of 7.7, a record number in the history of the report