The latest Gross Domestic Product (GDP) rebasing exercise by Statistics South Africa (StatSA) has found that the country’s economy is 4.9% larger than previously estimated. The benchmarking and rebasing...
For decades, Germany's auto manufacturers have produced world-leading products at premium prices, but the sector is facing a series of tough and existential challenges. What must it do to adapt?
The Indian rupee opened marginally higher against the US dollar on October 30, amid retreat in the dollar and a plunge in US Treasury yields, although another surge in oil prices could still weigh on the currency.The rupee opened higher by 4 paise at 95.21 per dollar, compared with Thursday’s close...
The Bank of Japan (BOJ) headquarters in Tokyo, Japan, on Friday, Dec. 19, 2025. Photographer: Akio Kon/Bloomberg via Getty ImagesBloomberg | Bloomberg | Getty ImagesThe Bank of Japan declared that inflation...
Finance Minister Enoch Godongwana’s efforts at fiscal consolidation received a welcome boost on Thursday as Stats SA’s use of more data and better methods led it to conclude that the economy is significantly larger than previously thought.
A warning has been raised that European policies meant to protect the auto industry could weaken competitiveness in electric vehicles. As China’s battery and EV sector grows rapidly, critics say loosening rules on internal combustion engines could delay Europe’s technology transition. T&E secretary-general William Todts criticised a Franco-German proposal that maintains a 2035 emissions cut target but would drop a separate offset requirement, allow exceptions for synthetic and biofuels and promote EU-made parts.
AP Newsis [Financial News] U.S. national debt stood at 100% of gross domestic product (GDP) for fiscal year 2026, which ended on September 30. It was the first time the public debt ratio had reached three digits in 80 years, since 1946, i
Google search, the business that paid for two decades of Alphabet’s ambitions, is now valued at about 10 times earnings, by Bank of America’s count. The S&P 500 trades at 18.7x forward earnings, according...
WASHINGTON >> U.S. inflation accelerated in September as consumers paid more for gasoline and other goods, supporting economists’ expectations of an interest rate increase from the Federal Reserve in December.
The headline Tokyo Consumer Price Index (CPI) for October rose 2.8% YoY as compared to 2.7% in the previous month, the Statistics Bureau of Japan showed on Friday.Additionally, Tokyo CPI ex Fresh Food climbed...
Caracas, Oct 29 (EFE).- Venezuela’s acting president, Delcy Rodríguez, assured on Thursday that elections will be held in the country (though without clarifying a specific date) under a «renewed» electoral...
The US economy grew at a 3.4% annual rate in the third quarter, driven by strong consumer spending and investment in artificial intelligence infrastructure. But inflation accelerated, real incomes stagnated...
It’s no secret that the U.S. real estate market is not in a good place. But things might soon get a little easier for people in Philadelphia to purchase a home. Mayor Cherelle Parker has unveiled a new...
Alphabet stock recorded its worst-ever day on Thursday, dropping 12.29 percent by close of day; Alphabet is the owner of Google, among other companies. The drop came despite the very strong revenue growth...
Shares of Google’s parent company tumbled more than 12% on Thursday, their worst day on record — a historic single-day decline bigger than any day during the Covid-19 pandemic or 2008 financial crisis.
The headlines at home this week were a mixed bag. Locally, the week was about money: rates saw a hike when most analysts expected a hold, the IMF mission arrived early to start the final reviews that could...
Realtor.comThu, October 29, 2026 at 9:59 PM UTCThe Freddie Mac 30-year fixed mortgage rate continued its descent this week, dropping eight basis points to 7.24% as the Federal Reserve opted to hold its...
U.S. President Donald Trump. AP-YonhapNEW YORK — U.S. federal debt has surpassed the size of the country's gross domestic product for the first time since 1946, the year after World War II ended.The Wall...
After 4 rather uneventful trading days, the bond market (which underlies interest rate movement) experienced a bit more volatility today. Fortunately, it was volatility in a friendly direction. 10yr Treasury yields ended the day at their lowest level since September 22nd. Mortgage rates dropped to their lowest mark since September 23rd for the average lender. [thirtyyearmortgagerates] Bond gains coincided with moments of weakness in the stock market, primarily at the 9:30am NYSE open and the 4pm close. Weaker guidance from the likes of Intel and Amazon reinforced the recently cautious narrative surrounding tech and the AI buildout, sending tech stocks sharply lower at 4pm. NOTE: today's mortgage rate index has not yet been updated for any additional lender reprices that may hit in the coming hours.
SaveLikeFrancesco Fedele, CEO der BF.direkt AG. Bildquelle: BF.direktFrancesco Fedele, CEO of BF.direkt AG“The ECB’s interest rate pause will do little to ease the pressure on the property market. This is...
For the first time in generations, a milestone in the federal debt-to-GDP ratio has arrived that most economists hoped never to see again, and the forces that drove it there make it nearly impossible to reverse.
(TNND) — The U.S. economy grew at a robust 3.4% last quarter, the U.S. Bureau of Economic Analysis reported Thursday.But another report showed inflation worsened last month, and both reports add fuel to the...