World

Wholesale prices increased less than expected in October, adding to hopes that inflation is on the wane, the Bureau of Labor Statistics reported Tuesday. The produce price index, a measure of the prices that companies get for finished goods in the marketplace, rose 0.2% for the month, against the Dow …

Chancellor Scholz with Singaporean ministers ahead of his speech on Monday. Picture Alliance | Picture Alliance | Getty Images German Chancellor Olaf Scholz and Singapore Deputy Prime Minister Lawrence Wong have taken a united stance on continuing to work with China, but also remain committed to diversification. Scholz, attending the …

Chancellor of the Exchequer Jeremy Hunt arrives at the back entrance of Downing Street, London. Aaron Chown – Pa Images | Pa Images | Getty Images LONDON — New British Finance Minister Jeremy Hunt must weigh the country’s economic peril against his party’s political survival on Thursday as he delivers …

Covid cases have soared in China’s capital city of Beijing, where many communities have been recently locked down or under tighter health monitoring as the country maintains its zero-Covid policy. Kevin Frayer | Getty Images News | Getty Images BEIJING — Three indicators on China’s economy in October missed expectations …

The impact of the metaverse to GDP in Asia could be between $0.8 and 1.4 trillion per year by 2035, said a new Deloitte report. Weiquan Lin | Moment | Getty Images Meta‘s huge bet on the metaverse may have put the company in dire straits, but a new Deloitte …

Covid-19. Airport chaos. Lack of available flights. Many travelers say those are the reasons they ditched airlines for private jets during the past two years of the pandemic. But a new survey shows most of the newly converted aren’t ready to return to commercial aviation just yet. Some 94% of …

Google CEO Sundar Pichai testifies during a remote video hearing held by subcommittees of the U.S. House of Representatives Energy and Commerce Committee on “Social Media’s Role in Promoting Extremism and Misinformation” in Washington, March 25, 2021. U.S. House of Representatives Energy and Commerce Committee | Handout | via Reuters …

China is a trade partner but Germany has to be careful, Economy Minister Robert Habeck told CNBC’s Tanvir Gill. picture alliance / Contributor / Getty Images Germany is open to strengthening ties with China but would need to remain cautious on where any investment goes, the country’s Economy Minister and …

Indonesian Finance Minister Sri Mulyani (C front) attends the G20 Finance Ministers Meeting in Nusa Dua, on Indonesia’s resort island of Bali, on July 16, 2022. SONNY TUMBELAKA | POOL | AFP via Getty Images World leaders are kicking off a meeting Tuesday on the holiday island of Bali, Indonesia …

Former Prime Minister to the Commonwealth of Australia and President of the Asia Society Policy Institute Kevin Rudd Leigh Vogel | Getty Images For businesses seeking diversification into new markets — especially given the geopolitical risks surrounding China — India, southeast Asia and Mexico are top contenders, former Australian Prime …