“2024 is poised to be yet another tumultuous year for the global economy.” The global economy was full of surprises in 2023. Despite the sharp rise in interest rates, the United States successfully avoided a recession, and major emerging markets did not spiral into a debt crisis. Even Japan’s geriatric…

ZURICH (Reuters) -The euro fell to its lowest level against the Swiss franc in nearly nine years on Thursday, as markets bet on early interest rate cuts from the European Central Bank after dovish commentary and soft economic data. The euro fell to 0.9404 francs against the franc at 1122…

The U.S. economy has recovered from the COVID pandemic reasonably well, yet President Joe Biden is getting little credit and could even lose his job in 2024. Third-quarter GDP growth scored at 4.9%; the Federal Reserve has enjoyed considerable success pulling down inflation. Jobs are plentiful, and the misery index — the sum of inflation…

By Jan Strupczewski BRUSSELS (Reuters) – France and Germany agree on most of the proposed changes to European Union fiscal rules but differ on the treatment of investment spending when the deficit is above EU limits, French finance minister Bruno Le Maire said on Thursday. Speaking to reporters ahead of…

PARIS (Reuters) -Renault said on Thursday it aims to cut the production costs of its cars by as much as 50% in the next four years including by increasing the use of digital and artificial intelligence technology. Renault (EPA:) said that, between now and 2027, it would aim to cut…

Shein’s IPO filing is sparking fresh talk in Washington that the fast-fashion company deserves considerable scrutiny for possible links to forced labor in China and other problems, even as it has made efforts to respond to critics.“If the fast-fashion giant Shein wants to go public in the U.S., they should…

(Reuters) – U.S. employers increased their announced job cuts in November, led by the retail and technology sectors, in a further sign that the labor market is beginning to slacken, a report released on Thursday showed. Announced job layoffs by U.S.-based employers totaled 45,510 last month, up 24% from 38,836…

Rep. George Santos was expelled from Congress in an historic vote Friday, following a House panel’s findings of substantial evidence of lawbreaking by the New York Republican. But could Santos, 35, still enjoy some of the benefits that come with having served as his Long Island district’s congressman? The answer…

MOSCOW (Reuters) -President Vladimir Putin said on Thursday that economic isolation from the West was only helping Russia to become a new growth centre in a world entering a period of radical change, as the West fell behind. Russia’s export-focused economy has proved more resilient than either Moscow or its…

The Russia-Ukraine war is approaching its second anniversary, and the ultimate cost of the conflict has been borne by innocent Ukrainians whose lives have been ended or upended by the Russian invasion. U.S. taxpayers have also paid a price, however, with total U.S. aid, both military and humanitarian, allocated to…