Indian Prime Minister Narendra Modi will still visit Australia next week as planned, despite the cancellation of the Quad leaders’ summit in Sydney, Anthony Albanese has confirmed. The Prime Minister was due to host Mr Modi, US President Joe Biden and Japanese Prime Minister Kishida Fumio — three of theContinue Reading

US authorities have reached out to several financial institutions asking them to make bids on the assets of troubled First Republic Bank, a source familiar with the matter told AFP. It’s the lasters sign that the trouble that hit US and other banks in March has not yer dissipated. FirstContinue Reading

A UK economist has delivered a dire warning to the rest of the world amid new “compelling” data which suggests a recession is on the cards within a matter of months. Chris Watling, chief executive of financial advisory firm Longview Economics, recently told CNBC that “brutally bad” economic indicators wereContinue Reading

One of the world’s biggest banks has heralded disaster for 2023 as governments battle to stem the rapidly rising inflation tide. Deutsche Bank highlighted a number of concerns putting the global economy under pressure, including “very tight labour markets” and ongoing supply chain issues initially sparked by pandemic restrictions. “WageContinue Reading