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Trump Reverses Course on Tariffs to Curb Grocery Inflation and Appease Consumer Pressure 11/15/2025

Nissan Accelerates Global Revamp With Strategic Job Cuts at Its European Headquarters 11/14/2025

Ukraine’s $44 Billion Climate Claim Against Russia Pivots on Emissions Accountability 11/19/2025

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Economics

India to create its own cryptocurrency and ban others

India plans to pass a law banning various cryptocurrencies, including Bitcoin, and set a legislative framework for an official digital currency to be issued by the country's central bank. "To set an comprehensive framework for an approved cryptocurrency to be issued by the India's Reserve Bank. The...

GM Targets Offering Only Electric Vehicles By 2035

The United States based auto giant General Motors hopes to offer zero emission vehicles only by 2025 and has set a target of becoming carbon neutral by 2040 in its global operations, the company said on Thursday. It is planning to manufacture only electric vehicles in the future, the...

Pandemic aid to national economies reaches $14T

At the end of last year 2020, financial support provided by governments to national economies because of the coronavirus pandemic reached a total of $14 trillion. This was revealed in a report by the World Monetary Fund (IMF). Of this amount, $7.8 trillion came from additional spending and revenue...

There Can Be A 'New Cold War' If Protectionism Policies Followed By US, Warns Xi Jinping

There will potentially be a new cold war if the newly elected United States president Joe Biden continues with the protectionist policies for the country as implemented by the former president Donald Trump, warned China’s president, Xi Jinping. While calling for adopting a multilateral...

Peterson Institute: China fulfilled just 58% of US-China trade deal

The U.S.-China trade deal, negotiated at length in January 2020, was only partially fulfilled by the PRC at 58% amid the pandemic, but China did increase its purchases of American goods, according to the Peterson Institute for International Economics (PIIE). In total, PRC imports amounted to about...

China Largest FDI Receiver With US In Second Place In 2020, Shows UNCTAD Report

While there was a 42 per cent drop in foreign direct investment (FDI) globally in 2020, China bucked the trend and was the top recipient of the foreign investment flows, showed a report by the United Nations Conference on Trade and Development (UNCTAD) on Sunday. Compared to FDI inflow of...

Almost 14 Year High For US Factory Activity In January

There are indications that inflation in the United States will rise in the months ahead because of increasing prices due to bottlenecks in the supply chain caused by the Covid-19 pandemic even though the manufacturing activity in the economy increased to reach an almost 14 year high in early...

Following Recovery From Pandemic, Chinese Economy Posts Strongest Growth In Two Years

A very fast paced recovery from the Covid-19 pandemic induced economic slowdown and recession helped the Chinese economy to post its strongest growth in two years. The economy came to a virtual standstill after the emergence of the pandemic in the country at the beginning of 2020. China was the...

$1.9 Trillion Additional Pandemic Package Unveiled By President-Elect Joe Biden Post Pandemic

A massive $1.9 trillion stimulus package proposal to counter the impact of the impact of the covid-19 pandemic in the United States was unveiled by US president-elect Joe Biden. The package is designed to jump-start the economy and accelerate the fight of the country against the novel coronavirus...

Study Finds US-China Trade War Resulted In Loss Of 245,000 Jobs At Its Peak

According to a recent study commissioned by the US-China Business Council (USCBC), a peak loss of 245,000 jobs in the United States was the result of the trade war with China that was initiated by the US President Donald Trump. However the report also predicted that an additional 145,000 jobs would...