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Asia factories hit by tariff shock and softer demand — what pushed activity down and what’s next 09/01/2025

India and China edge toward détente as diplomacy, economics and pragmatism drive thaw 09/01/2025

ExxonMobil expects global oil production to decline by 15% per year without new investment 09/01/2025

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Economics

Russia Launches Nuclear-Icebreaker To Strengthen Its Arctic Trade Route

The Arctic promises undiscovered oil reservoirs, and as the climate turns warmer with the year, Russia prepares to the “Northern Sea Route” all around the year. On Saturday, May 25, 2019, Russia launched an icebreaker which will be powered by nuclear energy. This move comes under an ambitious plan...

US Trying To Invade Chinese Economic Sovereignty: Chinese State News Agency

China has reacted sharply against the call by the United States to the Chinese government to invest less in the development of its state-owned companies. China has called this US demand to be an “invasion” on its economic sovereignty, according to the Chinese state news agency Xinhua. The...

Cost To US Households $100bn A Year Due To China Tariffs, Estimates NY Fed

The economic costs of the trade dispute with China for the United States was highlighted in a recent research report published by the New York Federal Reserve which claimed that American households would have to incur losses of about $106 billion a year because of the latest round of the increased...

New Modi Govt. In India Would Ease Some Business Policies, Hope Foreign Investors

Foreign companies want the incumbent Indian Prime Minister Narendra Modi to soften the protectionist position that the Indian government had taken last year even as they welcomed his election victory because it gives political stability. A number of large foreign investors have been...

British Steel goes bankrupt

One of the largest British steel companies, British Steel, went bankrupt after the British government refused to give it a loan of tens of millions of pounds. The authorities announced start of liquidation of the company established three years ago in order to save several factories and tens of...

Goldman Sachs forecasts falling profits to Apple in case of ban in China

Per share profit of the American company Apple will fall by 29% if the Chinese authorities decide to ban its products in response to US actions against Huawei, analysts at Goldman Sachs believe. According to analysts, this assessment includes share of China and Hong Kong in global sales of Apple,...

Consortium of Banks Plans To Invest Nearly ‘$50 million’ In Ambitious ‘Digital Cash System’

This time, banks have taken the central banks and regulators on board to ensure that their digital cash has an equivalent value with fiat currency. Many of largest banks across the world are gearing up to invest an amount of nearly “$50 million” in creating “a digital cash system” which would use...

US Economy Can Be Damaged By Trump's China Trade War, Says OECD

There can be significant damage to the US economy as well as for the rest of the world if there is an extension of the US-China trade war. This was said as a warning to the US president Donald Trump by the most influential economics thinktank of the west. As much as 0.7 per cent could be...

Singapore lowers GDP growth forecast for 2019

In January-March, GDP of the city increased by 1.2% compared with the same period last year, according to the final data of the government. A preliminary estimate of growth was 1.3%. According to revised data, in GDP grew by 1.3% Q4 2018. The growth of the economy in the first quarter was minimal...

JPMorgan economists predict a possible Bitcoin collapse

JPMorgan noted that the actual price of Bitcoin significantly exceeded its “production price”. In 2017, this phenomenon was followed by a collapse. The price of Bitcoin jumped higher than its intrinsic value, and this is reminiscent of 2017, when a leap was followed by a collapse, Bloomberg said...