Zohran Mamdani Wins NYC Mayor Race: Will Albany Allow Higher Taxes, Free Buses?
During his campaign, New York City Mayor-elect Zohran Mamdani promised free childcare and buses, 200,000 new units of…
China Services Gauge Expands But Growth Slows to Three-Month Low
China’s services activity expanded in October even though growth was the weakest in three months, a private survey…
Canada to Start $36 Billion Building Fund as Carney Seeks Economic Growth
Canada is set to launch a C$50 billion ($35.5 billion) infrastructure fund to build projects in sectors such…
Fed’s Cook Says Labor Market Concerns Outweigh Inflation Risk
Federal Reserve Governor Lisa Cook said she sees the risk of further labor-market weakness as greater than the…
Mark Carney to Unveil Debt-Fueled Canadian Budget to Revamp Economy
Mark Carney was elected prime minister with a mandate to transform Canada’s economy. Now he needs to assure…
A Wave of US Layoffs Flash Early Warning Sign for Job Market – Bloomberg
A Wave of US Layoffs Flash Early Warning Sign for Job Market BloombergWhy Companies Are No Longer Hanging On…
Swiss Inflation Slowdown Sparks Fresh Negative Rate Speculation
Switzerland’s inflation unexpectedly slowed to near zero, adding pressure on the central bank to push back against the…
Modi Tax Cut Fuels $68 Billion Festival Shopping Boom in India
India’s sweeping consumption tax cut drove shoppers to splurge on items from cars to kitchenware during the month-long…
China Factory Activity Disappoints in Sign of Faltering Momentum
China’s manufacturing activity expanded less than forecast in October, a private survey showed, adding to worrying signs about…
Hong Kong Finance Chief Says City Set to Hit Year’s Growth Goal
Hong Kong is poised to achieve its goal for economic growth this year, Financial Secretary Paul Chan wrote…
Egypt Unveils $1 Billion Grand Museum as a ‘Gift to the World’
Egypt inaugurated a long-anticipated $1 billion museum that showcases the wonders of its ancient past and is poised…
World Economy Latest: Fed’s Powell Reins in Rate-Cut Expectations
Central bankers in North America’s two largest economies lowered borrowing costs this week, though yields on government debt…