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Economy

Economy

Pope Francis calls for new global accords on debt, military spending

By Joshua McElwee VATICAN CITY (Reuters) -Pope Francis called on Thursday for new international agreements to reduce the debt burden faced by…
Economy

Future pandemic could cause $13.6 trln economic loss -Lloyd’s of London

LONDON (Reuters) – Another human pandemic could cause economic losses of $13.6 trillion for the global economy over a five-year period, commercial…
Economy

Carlyle’s AlpInvest, Mubadala join forces for new financing partnership

By Echo Wang NEW YORK (Reuters) – AlpInvest Partners, the secondary investments unit of buyout firm Carlyle Group (NASDAQ:CG), and Abu Dhabi’s…
Economy

Bank of Canada likely to reduce interest rate by 50bps

By Promit Mukherjee OTTAWA (Reuters) – The Bank of Canada is poised to cut its key policy rate by another 50 basis…
Economy

US tariffs on EU could crimp eurozone growth, UBS says

Investing.com — The imposition of a 10% US tariff on all imports from the Eurozone could significantly impact growth, according to UBS…
Economy

Factbox-Brokerages expect 25-bps US rate cut in December ahead of CPI data

(Reuters) – Major brokerages, including Morgan Stanley (NYSE:MS) and Goldman Sachs, have reiterated their expectation of a quarter-point interest rate cut by…
Economy

Indonesia president calls for more prudent government spending amid global tensions

JAKARTA (Reuters) – Indonesia’s President Prabowo Subianto called on Tuesday for more efficient government spending amid expected economic challenges caused by rising…
Economy

Philippines GDP growth hit by typhoons, but outlook robust, says World Bank

MANILA (Reuters) – The Philippine economy is expected to grow more slowly than first thought this year after the country was hit…
Economy

German engineering body sees fall in 2025 production, flags risk of job cuts

(Reuters) – Germany’s VDMA engineering association said on Tuesday it still expected production in the sector to fall next year, although at…
Economy

Biden to warn against another Trump tax cut, hail his own economic successes

By Andrea Shalal WASHINGTON (Reuters) – U.S. President Joe Biden will warn against further tax cuts for the wealthy and a reprise…
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