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Germany’s gross domestic product will shrink slightly this year, new forecasts predicted, the latest in a rash of negative reports that suggest the outlook for Europe’s biggest economy remains dire.

The Swiss National Bank cut borrowing costs by a quarter point at a third straight meeting and warned of more to come if needed in its attempt to contain the strength of the franc.

A massive trade was made in the short-term interest rates market Wednesday.

China is considering injecting up to 1 trillion yuan ($142 billion) of capital into its biggest state banks to increase their capacity to support the struggling economy, according to people familiar with the matter.

One week before Federal Reserve officials gathered in Washington this month, they were split over how fast to lower interest rates.

OpenAI has pitched the Biden administration on the need for massive data centers that could each use as much power as entire cities, framing the unprecedented expansion as necessary to develop more advanced artificial intelligence models and compete with China.

Applications to refinance mortgages surged for a second week as more Americans capitalized on the cheapest borrowing costs in two years.

China’s central bank lowered the interest rate charged on its one-year policy loans by the most on record, kicking off a sweeping program to revive confidence in the world’s second-largest economy.

Softening US economic data spurred the Federal Reserve into decisive action this week to support growth. An even weaker set of data out of China has left investors puzzled why its government hasn’t also mounted a concerted response.

Chinese President Xi Jinping called on government officials at all levels to achieve the country’s annual growth target of around 5%, but couched it in less forceful terms than usual.

The US economy looks on track for a soft landing as monetary policy cooled inflation without tipping the economy into recession, according to the chief of the International Monetary Fund, who also credited the world’s biggest economy for helping support global growth as other nations slowed.

Wetter oder Klima? Das wurde rund um die jüngsten Extremregenfälle intensiv diskutiert. Eine soeben erschienene Studie versucht nun, den Einfluss der Erderwärmung auf das Extremereignis genauer zu quantifizieren: Die Wahrscheinlichkeit dafür habe sich verdoppelt. Die Niederschläge waren um zumindest sieben Prozent intensiver, als sie es vor der Industrialisierung gewesen wären.

European Central Bank Governing Council member Klaas Knot said he expects gradual interest-rate cuts “in the near future” and in the first half of next year.

Traders are growing increasingly confident the European Central Bank will cut interest rates again next month as evidence mounts that the economy is weakening.

US consumer confidence unexpectedly fell in September by the most in three years on concerns about the labor market and the outlook for the broader economy.

A vast majority of global banks now expect China’s economy to grow less than 5% this year, with Bank of America Corp. the latest to slash its forecast, joining the likes of Goldman Sachs Group Inc. and JPMorgan Chase & Co.

Buyers and sellers in US commercial real estate are increasingly convinced that the beleaguered market is reaching a bottom.

Tuesday’s hastily arranged briefing delivered a sweeping policy package. Economists say reversing the slump will require much more.

European Central Bank President Christine Lagarde said she and her counterpart at the Federal Reserve Jerome Powell exchange views, but don’t coordinate.

Germany’s business outlook worsened again – reinforcing fears that Europe’s biggest economy is in a recession with no quick rebound imminent.

Fast ein Jahr nach Beginn des Gaza-Krieges und dem Beitritt der Hisbollah zur Anti-Israel-Allianz versucht Israel, die Schiitenmiliz im Libanon mit einer Welle an Angriffen in die Knie zu zwingen. Das israelische Militär griff nach eigenen Angaben am Montag rund 1.600 Ziele an und setzte die Attacken in der Nacht auf Dienstag fort. Laut libanesischen Angaben starben schon fast 500 Menschen.

Catch up: Israel’s Lebanon strikes kill hundreds; China’s new stimulus package

China’s central bank unleashed an unprecedented blitz of policy support for the economy, as authorities made their boldest swing so far to hit this year’s annual growth target of about 5%, after a flurry of Wall Street banks downgraded their forecasts.

A handful of Federal Reserve officials on Monday left open the door to additional large interest-rate cuts, noting that current rates still weigh heavily on the US economy.

Just as US policymakers shift focus from curbing inflation to shoring up the job market, the economy faces a jolt that threatens the kind of supply-chain disruption and consumer discontent rife during the pandemic.

The euro area’s private-sector economy shrank for the first time since March, with the end of France’s Olympic boost and a deepening manufacturing downturn heightening concerns that the region’s recovery has run out of steam.

Federal Reserve Bank of Minneapolis President Neel Kashkari said he expects to lower interest rates by smaller, quarter-point moves at each of the central bank’s two remaining meetings this year.