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World economy

Saudi Arabia’s sovereign wealth fund overtakes Singapore’s GIC

by Walter Watson
Saudi Arabia’s sovereign wealth fund overtakes Singapore’s GIC

Skyline of Riyadh in Saudi Arabia. Simon Dawson | Bloomberg | Getty Images Saudi Arabia’s Public Investment Fund (PIF) was the top spender among global sovereign wealth funds last year, …

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Stoxx 600 gains, S&P 500 chases high

by Walter Watson
Stoxx 600 gains, S&P 500 chases high

LONDON — European stocks are on course for a cautiously higher open to the final session of 2023. The regional Stoxx 600 index is set to have gained more than …

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Global stocks search for new highs

by Walter Watson
Global stocks search for new highs

The German share price index DAX graph is pictured at the stock exchange in Frankfurt, Germany, November 13, 2023. Staff | Reuters LONDON — European stocks are set for a …

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With all eyes on Gaza and Ukraine, analysts fear these conflicts could erupt

by Vera Ward
With all eyes on Gaza and Ukraine, analysts fear these conflicts could erupt

Sudanese army soldiers, loyal to army chief Abdel Fattah al-Burhan, sit atop a tank in the Red Sea city of Port Sudan, on April 20, 2023. – | Afp | …

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PC market to rebound as consumers refresh devices, seek AI features

by Edgar Davis
PC market to rebound as consumers refresh devices, seek AI features

Apple Inc. MacBook Pro and Air laptops at the new Apple Inc. store inside the Starfield mall during its opening in Hanam, South Korea, on Saturday, Dec. 9, 2023. SeongJoon …

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Container prices hit $10,000, freight inflation soars in Red Sea chaos

by Walter Watson
Container prices hit ,000, freight inflation soars in Red Sea chaos

With the Red Sea diversions by shipping companies including Maersk continuing amid the risk of attacks by the Houthis, global logistics managers are faced with a two-front storm of rising …

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Maersk to pause all container ship traffic through the Red Sea

by Walter Watson
Maersk to pause all container ship traffic through the Red Sea

The Ebba Maersk container ship, operated by A.P. Moeller-Maersk A/S, leaves Suez port and heads towards the Red Sea after passing through the Suez Canal in Suez, Egypt on Saturday, …

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industrial output at highest in nearly two years

by Walter Watson
industrial output at highest in nearly two years

View of Shanghai skyline from a container station. Yaorusheng | Moment | Getty Images China posted its biggest industrial output expansion since February 2022 in November, though retail sales growth …

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IEA says oil demand slowdown to persist in 2024 amid oversupply fears

by Walter Watson
IEA says oil demand slowdown to persist in 2024 amid oversupply fears

A Petroleos de Venezuela SA oil pumpjack on Lake Maracaibo in Cabimas, Zulia state, Venezuela, on Friday, Nov. 17, 2023. Gaby Oraa | Bloomberg | Getty Images The International Energy …

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Argentina’s economic measures devalues its currency and cuts subsidies

by Ron Morgan
Argentina’s economic measures devalues its currency and cuts subsidies

Argentina’s President Javier Milei addresses the public before lightning the giant Menorah candelabrum, set up for the traditional Jewish Hanukkah (Chanukah) Festival of Lights at a park in Buenos Aires …

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