Norway’s sovereign wealth fund suffers historic losses of $164 billion

Norway’s national wealth fund reported a record loss for the entire year of 2022 of 1.64…

Champagne sales hit record high in 2022; growth attributed to waning Covid

Champagne sales in 2022 reached a record high of more than 6.5 billion USD, primarily due to…

FTX conducts strategic assessment; requests judicial relief to pay important vendors

Collapsed crypto exchange FTX said on Saturday that it has started a strategic evaluation of its…

UK makes U-turn, eliminates tax cut for high earners following market unrest

Just 10 days after a debt-driven budget caused market turbulence and drew harsh condemnation during a…

Liz Truss’ approval ratings plunge, lower than Johnson before he was ousted

It has been barely a month since Liz Truss took over the reins from Boris Johnson…

China’s economy is slowing, a worrying sign for the world

Construction and property sales have slumped. Small businesses have shut because of rising costs and weak…

Joe Biden’s disapproval ratings hit record low, voters unhappy with Covid handling, economy

US President Joe Biden’s disapproval ratings have hit a record high in December, according to a…

World economy to top $100 trillion in 2022 for first time, India set to overtake France: Report

The world’s economic output will exceed $100 trillion for the first time next year and it…