CEO Deutsch Bank: Inflation is the ‘biggest poison’ for the global economy
The U.S. Federal Reserve, European Central Bank, Swiss National Bank and the Bank of England all moved to vary degrees ...
Tag: economy
U.S. economy shrank 1.5% last quarter in worst showing since covid recession
The economy last quarter posted its worst annualized showing since the pandemic-induced recession in 2020, the government said in an ...
Snap says economy deteriorated fast, slashes forecast, stock plummets
Snap Inc (SNAP.N)said the economy had worsened faster than expected in the last month and the social media company slashed ...
Russian rouble hits new lows in volatile trading
The Russian rouble slumped to new record lows against the dollar on Thursday though it closed the Moscow session little ...
Markets brace for heavy falls as Russia-Ukraine crisis escalates
LONDON, Feb 21 (Reuters) - Investors were bracing for a torrid day for Russian, Ukrainian and wider global markets when ...
Delta variant likely slammed brakes on U.S. economic growth in third quarter
Third-quarter GDP estimated increasing at 2.7% rateGrowth pace likely slowest since COVID-19 shutdownsConsumer spending seen stalling on auto shortagesAbout 290,000 ...
Ikea UK to buy back unwanted furniture in recycling push
Group pledges to shift towards model where items for sale can be reused, recycled or rejigged The UK’s biggest furniture ...
U.S. trade deficit rises to a record high in March
The U.S. trade deficit jumped to a record high in March amid roaring domestic demand, which is drawing in imports, ...
Has Wall Street missed the boat on cryptocurrencies?
Big banks have changed their attitude toward cryptocurrencies in recent years, going from dismissive to cautiously interested. But Wall Street ...
Deutsche Bank can sue Madoff feeder funds over $1.6 billion claims sale
A U.S. judge said on Friday Deutsche Bank AG (DBKGn.DE) may sue two offshore funds for allegedly reneging on an agreement to ...