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US Fed’s Powell’s Balancing Act: How He Curbed Inflation and Shielded Jobs 08/19/2025

Asia’s Coconut Oil Crunch Turns a Kitchen Staple into a Global Pressure Point 08/20/2025

Banks and markets push back as global crypto rules risk shutting lenders out 08/20/2025

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Economics

Chinese exports fall for the first time since 2020

Despite analysts' expectations for a 4% gain, Chinese exports actually decreased by 0.3% in October. According to data from China's General Administration of Customs, the South China Morning Post reported that China's exports decreased by 0.3% year over year to $298.37 billion in October. China's...

UK To Unveil U.S. Gas Deal Following Climate Change Summit: Report

According to a report in the Telegraph, British Prime Minister Rishi Sunak is prepared to make a significant natural gas announcement with the United States following the COP27 climate change summit. The report stated that negotiations for the deal are nearing their conclusion and that an...

China's Trade Surprisingly Declines As COVID Restrictions And The Global Slowdown Shock Demand

The first concurrent decline in China's exports and imports since May 2020 occurred in October as a result of an unfavorable confluence of domestic COVID restrictions and risks associated with a potential global recession, which further dimmed the outlook for the country's already precarious...

Japan's Government Expresses Concern Over American EV Tax Credits

On Saturday, the Japanese government issued a warning about new electric vehicle tax credits in the United States, saying they might ultimately discourage further Japanese investment there and hurt employment in the largest economy in the world. The government expressed a number of...

October Job Growth In The United States Was At Its Weakest In Almost Two Years, Unemployment Rate Increased

The Federal Reserve could switch to smaller interest rate increases starting in December if the labor market conditions loosen up as indicated by the fact that American employers probably hired the fewest workers in almost two years in October and increased wages at a moderate pace. It is...

G7 Group Of Nations Has Decided To Establish A Fixed Price For Russian Oil: Reports

The Group of Seven wealthy nations and Australia have decided against adopting a floating rate when they finalize a price cap on Russian oil later this month, sources said on Thursday. In order to prevent the EU and U.S. sanctions intended to restrict Moscow's ability to finance its...

Despite A "Very Challenging" Outlook, Bank Of England Raises Rates For The First Time In History

The Bank of England increased interest rates on Thursday from 2.25% to 3%, the highest rate increase since 1989, as it issued a warning about the "very challenging" economic outlook. The central bank predicts that during the current quarter, inflation will reach a 40-year high of...

Bank of Canada ponders another large-scale rate hike

According to governor Tiff Macklem of the Bank of Canada, the idea of a further significant increase in interest rates to combat exceptionally high inflation has not been ruled out. He claimed that although rate increases are causing the Canadian economy to slow down, demand is still too high....

Glencore lowers annual production forecasts for zinc, nickel and coal

When announcing its third-quarter production statistics, the Anglo-Swiss commodities trader Glencore reduced its annual predictions for a number of commodities downward. The corporation blamed the adverse effects of miners' strikes, floods, and issues with supply chains. Production decreased in...

China's Factory And Service Activity Slows Due To Ongoing COVID Restrictions

Due to weakening global demand and strict domestic COVID-19 curbs, which had an adverse effect on production, travel, and shipping in the second-largest economy in the world, China's factory activity unexpectedly decreased in October. Although China's economic growth exceeded expectations...