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Economy

Economy

Retailer Party City files for bankruptcy, will wind down 700 stores

By Mrinmay Dey (Reuters) – Party City, which has been struggling since the COVID-19 pandemic, filed for Chapter 11 bankruptcy protection in…
Economy

North Korea’s Kim Jong Un calls for stronger rural economies, state media says

SEOUL (Reuters) – North Korean leader Kim Jong Un called to step up development of the country’s industrial production in regions outside…
Economy

Will federal government spending be slashed in 2025?

Investing.com — The U.S. federal government’s $6.8 trillion spending in fiscal 2024 is unlikely to see significant cuts next year, despite calls for…
Economy

BOE to cut 4 times in 2025 – Deutsche Bank

Investing.com – The Bank of England kept interest rates unchanged, as expected, on Thursday, but Deutsche Bank (ETR:DBKGn) expects the UK central…
Economy

Italy fines OpenAI 15 million euros over privacy rules breach

MILAN (Reuters) – Italy’s privacy watchdog said on Friday it fined ChatGPT maker OpenAI 15 million euros ($15.58 million) after closing an…
Economy

Investors hope for ‘Santa Claus’ rally as stocks lose steam

By Lewis (JO:LEWJ) Krauskopf NEW YORK (Reuters) – With December so far delivering Scrooge-like returns in an otherwise stellar year for U.S….
Economy

Hungary’s parliament backs 2025 budget plan, deficit target seen at risk

By Gergely Szakacs BUDAPEST (Reuters) – Hungary’s parliament approved Prime Minister Viktor Orban’s 2025 budget on Friday, shrugging off concerns by the…
Economy

Investors hope for US stock market trifecta in 2025 after back-to-back boom years

By Lewis (JO:LEWJ) Krauskopf NEW YORK (Reuters) – Investors are expecting more gains for the U.S. stock market in 2025 after two…
Economy

Here are the key takeaways from Putin’s annual press conference

Investing.com — On Thursday, Russian President Vladimir Putin expressed readiness for a dialogue with U.S. President-elect Donald Trump, while also discussing Russia’s…
Economy

Putin says Russia’s economy is overheating, inflation is worrying

By Gleb Bryanski and Vladimir Soldatkin MOSCOW (Reuters) – The Russian economy is showing signs of overheating which is stoking worryingly high…
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