Plunging pork prices in China are tilting the country towards deflation, in what is yet another whammy for China’s disappointing economic recovery story.
Here’s everything the Fed is expected to do Wednesday
This week’s Federal Reserve meeting is likely to mark a substantial turning point for policymakers.
Morgan Stanley says ‘buy the dip’ in these global growth stocks into the year-end
At least 10 of Morgan Stanley’s stock picks offer more than 40% upside.
OpenAI’s nonprofit arm showed revenue of $45,000 last year, even though company is worth billions
OpenAI’s nonprofit status has come under fire from critics who question how an $86 billion company can be controlled by a charity.
Asia markets mixed as Japan Tankan survey beats expectations; investors await Fed rate decision
The Tankan survey, compiled by the Bank of Japan, measures economic conditions in Japan quarterly.
Chinese property developer Country Garden reportedly set to avert yuan bond default
Country Garden may avoid a default on its yuan-denominated bonds after most holders of a local note agreed not to demand repayment this week, according to Bloomberg.
China vows to boost domestic demand in bid for 2024 recovery
China’s leaders vowed to boost domestic demand and tackle the country’s real estate crisis after a meeting that laid out economic priorities for the new year.
Fashion brand Zara pulls ad accused of Gaza insensitivity, says it regrets ‘misunderstanding’
Zara said “The Jacket” campaign was conceived and shot in September and was intended to showcase “craftmade garments in an artistic context.”
Europeans are open to Ukraine joining the EU ahead of major summit, survey finds
More Europeans support the prospect of Ukraine joining the European Union than oppose it, despite the costs and risks involved, according to a new survey.
Anger and frustration as COP28 draft text omits fossil fuel phaseout
The draft text for a COP28 climate deal that does not include the phasing out of fossil fuels has drawn widespread criticism.