Financial News

Nokia said it would cut up to 14,000 jobs as part of a cost cutting plan following third quarter earnings that plunged.

U.K. inflation came in at 6.7% in September, slightly ahead of expectations and unchanged from the previous month.

Top economists and central bankers appear to be in agreement on one thing — and it’s not a good thing for global markets.

Chinese Foreign Minister Wang Yi’s comments came as world leaders worked to prevent an escalation of the Israel-Hamas war into a broader Middle East crisis.

With an Israeli ground incursion potentially imminent in the north of the Gaza Strip, the conflict could grow to involve other regional actors, analysts say.

The head of the largest U.S. bank by assets cited the ongoing war in Ukraine as well as the attacks Hamas launched on Israel last weekend.

China’s trade slumped this year amid lackluster global demand for Chinese good and muted domestic demand.

Central Huijin Investment lifts stake in four of China’s biggest banks to boost market confidence.

China’s consumer spending still isn’t growing as fast as it did before the pandemic, analysts said.

Chinese property giant Country Garden has not been able to meet its debt obligations and warned of uncertainty around its liquidity position.