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Navigating Economic Crossroads: Trump's Policy Challenges Amidst A Robust U.S. Economy 01/14/2025

China's EV Market Faces Transition: Beyond Growth To Innovation And Sustainability 01/14/2025

US wants the world's AI centers to run on their technologies only 01/14/2025

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Economics

Greece Eased the Transfer of Funds to Pay for Imports

The Greek government has facilitated for some companies transfers of funds abroad to pay for imports in the framework of easing of strict measures to control capital and operating since the beginning of this month. This was announced at today's meeting of the Bank of Greece with the participation...

Eurozone, China Slow Down in July

Following the Greek crisis, the economic growth rate in the Eurozone slowed down slightly in July. The data released on 24 July show that the Markit Eurozone Purchasing Managers’ Index showed a decline from 54.2 in June to 53.7 in July. This is the sixth-highest reading since...

Ukraine in Severe Sovereign Debt Crisis-Would it Default Debt Servicing?

Is Ukraine going the Greece way? This is the question that is making the rounds in the economic circles of the globe. With a crucial meeting between the government and the ad hoc creditor committee slated for July 31 to finalize a sovereign debt restructuring agreement, economists await with...

Affordable Smartphone Brands Push Up Q3 Global Shipment

Driven by the increase in sale of affordable handsets rather than the well known and established players in the market, the smart phone shipment increased in the second quarter of the current fiscal. The emerging economies were the markets which saw the surge in smart phone sale, especially the...

EU Suspects the US Film Companies in Violation of the Competition

EU antitrust case brought against six US film studios, including Disney and Warner Bros, as well as the British broadcaster Sky UK. They could restrict access to satellite television programs in the EU. The European Union started an antitrust case against the six major American film studios and...

Make vs Made: China against India

China and India are the giants among the emerging markets. They account for over one-third of the world population, and the two countries would have a strong influence on global trends, even if their growth rates were not high. It should be also noted, that, in the last 10 years, China and India...

Low Supply, Growing Demand and High Mortgage Rates Push Up House Rates in UK

Experts across agencies predict that the house prices in the UK are slated to rise this year. This expected rise is due to shortage in supply of new units by the housing industry in the country and the rising demand by the private sector. PwC claims that the UK housing prices would enhance...

BRICS Bank Begins Journey from Shanghai with $100 Billion Capital

Being pitched as alternative to existing institutions such as the World Bank and the International Monetary Fund, five of the largest emerging economies of the world together gave shape to and opened a global bank on July 21. The bank has been christened the New Development Bank (NDB). The bank...

El Nino to Strike in Second Half of 2015: Credit Susie

El Niño, the hot water current in the Pacific Ocean that symbolizes a unique but disruptive meteorological phenomenon, is expected to strike once again in the second half of 2015. This current runs from the middle of the Atlantic Ocean and close to the cost of Brazil. However the disruptive...

Blackstone's Head Predicts Pension Crisis to the US

Limitations in the choice of instruments to invest people’s pension funds is one of the main causes of "hidden crisis" in the United States, as the head of the investment fund Blackstone Group LP Tony James puts it. - In my opinion, a hidden crisis, about which no one speaks, is arising in the...