ECONOMY & MARKETS

OPEC+ will reportedly expand existing production cuts; oil prices are up as a major climate summit gets underway.

The housing market is suffering from mortgage rates near the highest level in two decades.

Despite the indication of a slowdown, the numbers are more volatile because of the Thanksgiving holiday.

The PCE index had the smallest gain since March of 2021 after a drop in energy prices.

The annual rate of inflation in the eurozone fell to a more than two-year low in November, the EU's official statistics agency said Thursday.

US economic activity has slowed in recent weeks and the labor market has continued to cool, the Federal Reserve announced Wednesday, as it continues its fight against stubborn inflation.

Demand for mortgage loans is increases as rates fall.

The upward revision was caused by stronger business investment and government spending.

India's global market share in the pharmaceutical business is expected to grow and is estimated to exceed $130 billion by 2030.

Google has successfully launched a joint venture with a startup to power data processing centers using energy from the Earth.

Online shopping attracted more consumers than physical stores, the National Retail Federation said.

Thermal and photovoltaic solar installations outpaced all other energy sources for the 12th consecutive year by a considerable margin.

Consumer expectations for future conditions still remain at a level that indicates a recession next year.

India sourced 70% of its 57 million tonne metallurgical coal imports from Australia in FY 2022. However, this year, by November, the imports have dropped to 50%.

OPEC's Secretary General loudly defended continued investments in oil and gas on Monday, just days before the beginning of COP28 in Dubai.

One of the key issues is the valuation of the Chinese fashion retailer, CNBC reported.

There have been the best, the worst and the mediocre times for emerging market equities. This year was modest, with the iShares Emerging Markets Index (EEM) gaining 4.3% YTD compared to 18.7% of the S&P 500.

German Chancellor Olaf Scholz will address parliament Tuesday about an escalating budget crisis triggered by a bombshell court ruling that his government breached constitutional debt limits.

High mortgage rates and the increase in the inventory of homes for sale are putting downward pressure on prices.

The residential real estate market is responding to high interest rates.

Explore salary insights across a spectrum of professions, derived from comprehensive data analysis from leading platforms such as Indeed, Salary.com, Glassdoor, and Zip Recruiter.

The initiatives comes after supply chain disruptions led to an acceleration of inflation after the pandemic.

In recent weeks, small stocks, financials and real estate stocks have led gains on Wall Street as investors bought shares of companies that could benefit from a new investment narrative: declining interest rates and a growing economy.

U.S. housing data, manufacturing in China and earnings of retailers and Canadian banks are also scheduled for the next few days.

Paola Basso sighs as she hastily sticks price tags one on top of the other in a suburb of Buenos Aires, as the cost of goods soars after the election of libertarian outsider Javier Milei.

To find out how a small country like Greece ends up competing in the medical service sector and how Americans take advantage of it, International Business Times spoke with Dr. George Patoulis, president of the Athens Medical Association and Elitour, the Greek Health Tourism Council.

The unintended consequence of the surge in global anti-Semitism is altering the dynamics of the Israeli housing market.

US climate envoy John Kerry will unveil the first-ever international nuclear fusion strategy at COP 28.

The University of Michigan says consumers see the possibility of inflation accelerating again.