News
Germany skirts recession at the end of 2023 but faces prolonged slump
Europe’s largest economy contracted by 0.3% year-on-year in 2023, as high inflation and firm interest rates bit into growth, the Federal Statistical Office of Germany said Monday.
U.S. deficit tops half a trillion dollars in the first quarter of fiscal year
The U.S. government ran up another half a trillion dollars in red ink in the first quarter of its fiscal year, the Treasury Department reported Thursday.
Malaysia signs MOU with Singapore to formalise cooperation on Johor-Singapore Special Economic Zone
JOHOR BAHRU (Jan 11): Economy minister Rafizi Ramli has signed a memorandum of understanding (MOU) with Singapore’s minister of trade and industry Gan Kim Yong to formalise the cooperation of both countries on the Johor-Singapore Special Economic Zone (JS
Top Goldman Sachs analyst says the world is moving into a new super cycle
The global economy is moving into a new “super cycle,” with artificial intelligence and decarbonization being driving factors, according to Peter Oppenheimer, head of macro research in Europe at Goldman Sachs.
Agriculture Ministry introduces ‘tree deeds’ scheme for farmers to secure loans
In a bid to help farmers, the Agriculture Ministry will issue “tree deeds” that will allow farmers to use their valuable trees as collateral for loans from state banks.
Key Fed inflation gauge rose 0.3% as expected in September; spending tops estimate
Inflation accelerated in September but consumer spending was even stronger than expected, according to a Commerce Department report Friday.
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