Sri Lanka is pursuing free trade talks with Thailand and plans to sign an agreement in March to expand trade opportunities amid its economic recovery from a severe crisis.
China’s carmakers are gaining significant traction in Russia’s auto market, capitalizing on the departure of Western players following sanctions and the Ukraine conflict.
Tesla’s CEO Elon Musk surprised in early 2021 with a $1.5 billion investment in Bitcoin. However, the latest earnings report shows that Tesla did not transact in Bitcoin during the second quarter of 2022.
The combination of inflation, economic recession, and China’s economic slowdown is causing a significant decline in consumer spending in Europe, putting pressure on households.
China’s second-quarter GDP growth came in below expectations, signaling a shaky recovery since late 2022. The data reveals slower growth rates in key sectors, such as exports, imports, retail sales, and property investment.
Russia has sold the equivalent of almost $47 million of yuan in January to purchase roubles to compensate for budget shortfall created by decreased oil and gas revenues.
U.S. stock market futures retreat at start of new week due to earnings uncertainty and recent gains. OPEC, U.S. Treasury and FOMC events also in focus.
Explore the impact of inflation on the Federal Reserve and their decision to raise interest rates.
