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Global Economic News

Global Airlines Cut 2025 Profit Outlook Amid Supply Issues

By Agencies Global airlines have revised their profit forecasts for 2025, citing a dip in consumer confidence as key factors. Delays in jetliner deliveries have also been labeled "unacceptable," affecting growth plans for the industry. The International Air Transport Association (IATA) now projects a combined profit...

Lagarde: Euro Could Be an Alternative to the Dollar

By Agencies The euro has the potential to serve as a viable alternative to the dollar, offering significant benefits to the 20-nation bloc, provided that governments strengthen the EU's financial and security framework, said ECB President Christine Lagarde on Monday. Global investors, unsettled by unpredictable U.S....

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U.S. Homeownership Rate Drops to Lowest Level in Five Years

Staff Reporter The homeownership rate in the United States has dipped to 65.1 percent in...

India Set to Overtake UK as Largest Migrant Community in Australia: ABS

Staff Reporter Australia's population is becoming increasingly multicultural, with over 8.6 million residents born overseas—accounting...

Emirates Executive Reports No Impact from U.S. Tariffs, Remains Cautious

Staff Reporter Emirates Airlines has not experienced any effects from U.S. tariffs under President Donald...

Volkswagen Warns Tariffs Will Impact Profits as Earnings Plunge 40%

Staff Reporter Volkswagen (VOW3.DE, VWAGY) announced on Wednesday that it expects its profit margins for...

California Becomes the World’s Fourth-Largest Economy in 2024

Staff Reporter California Governor Gavin Newsom announced on April 23 that the state has now...

Generative AI Could Be Fueling Freight Industry Fraud

Staff Reporter Emerging AI technologies are often touted for their potential to optimize the freight...

Euro Zone Economy Faces Uncertain Future, ECB Officials Warn

  Staff Reporter European Central Bank (ECB) officials issued a stark warning on Monday about the...

S&P Warns Australia’s AAA Rating at Risk Due to Election Promises

Staff Reporter S&P Global Ratings has issued a warning that Australia’s coveted AAA sovereign credit...

Private Equity Firm Expands to Facilitate Investments in U.S. Oil and Gas Sector

In recent developments within the U.S. energy sector, American Energy Fund (AEF), a Texas-based...

Alphabet, Google’s Parent Company, Unveils Quarterly Earnings Report

Alphabet’s Strong Q1 Performance: A Closer Look Alphabet Inc., the parent company of Google, recently...

7-Eleven Owner to Cut Costs Amid Tariff Challenges

Staff Reporter Seven & I Holdings, the parent company of 7-Eleven convenience stores, announced plans...

World Bank Chief Economist Warns of Emerging Market Debt Crisis

Staff Reporter The chief economist of the World Bank, Indermit Gill, is sounding the alarm...

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How to Balance Growth and Safety in Your Retirement Portfolio

By Michael Lebowitz As retirement approaches—or begins—investors often find themselves at a crossroads: How can...

Where Will Brookfield Asset Management Be in 5 Years?

Staff reporter Brookfield Asset Management (BAM), a large Canadian asset manager, recently announced a massive...

Global Airlines Cut 2025 Profit Outlook Amid Supply Issues

By Agencies Global airlines have revised their profit forecasts for 2025, citing a dip in...

Warren Buffett to Earn Over $1.33 Billion This Year from Two High-Yield Dividend Stocks

Staff Reporter Warren Buffett and his company, Berkshire Hathaway (NYSE:BRK-A)(NYSE:BRK-B), have never issued a dividend,...