Ethiopia Confirms First Outbreak of Marburg Virus After Testing

Ethiopia confirmed its first outbreak of Marburg virus disease after sending samples from a cluster of suspected cases of viral hemorrhagic fever for testing earlier this week. The virus is the same strain reported in previous outbreaks in other East African nations,...

Wrap: Four months of gains wiped out in $37 billion rout

A combination of increasing doubts about interest rate cuts, worries about AI overvaluation and a share crunch on Wall Street combined to strip four months of growth off the Australian share market. A combination of increasing doubts about interest rate cuts, worries...

China Heads for Longest Consumption Slowdown in Four Years

China is heading for its longest slowdown in consumption growth since its post-Covid rebound lost steam more than four years ago, underscoring how the government’s rhetoric about supporting domestic demand has struggled to match reality. Government data due on Friday...

Red Flags Emerge in World’s Top Stocks as Korea Volatility Soars

Bets for South Korean stock swings have surged, raising concerns over the rally in this year’s best-performing market. The Kospi 200 Volatility Index has jumped to levels last seen during the April market swoon triggered by Donald Trump’s tariffs. The spike marks a...

US Stocks Extend Rally Despite Mega-Cap Tech Underperformance

Key stock indexes erased losses in a broad-based rally Tuesday afternoon. US stocks gained for a third straight session Tuesday on optimism the US government shutdown is poised to end, even as mega-cap tech shares sank and concerns about lofty valuations persisted....

Nigerian Stocks Suffer Biggest Drop in 15 Years on Tax Concerns

Nigerian stocks tumbled the most in 15 years as foreign investors rushed to sell ahead of a new tax regime set to triple capital gains taxes. The NGX All-Share Index fell 5% on Tuesday, the steepest decline since March 19, 2010. The drop marked the seventh consecutive...

Italy’s FTSE MIB Finally Recoups Declines Since Financial Crisis

Italy’s equity benchmark surpassed its 2007 peak, becoming the last major European index to reclaim declines triggered by the global financial crisis. The FTSE MIB Index — home to banks such as UniCredit SpA and defense firm Leonardo SpA — gained as much as 1.1% to...

Germany Must Ensure Return to Sound Finances, Bundesbank Says

Germany must start dialing back its borrowing limits from 2029 to ensure solid public finances over the long term, according to the Bundesbank. The central bank, which advises the government on economic policy, proposed a three-stage plan to lower debt, and repeated a...

Concentrated growth: The role of the IT sector

Productivity1 is the engine of economic growth and a key factor in determining standards of living and economic well-being. In this article, we study the distribution of total factor productivity (TFP)2 growth across sectors of the U.S. economy—i.e., the composition...