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Worsening Factory-Gate Deflation in China as Trade War Bites 05/11/2025

OpenAI starts talks with Microsoft about new funding and future IPO 05/12/2025

U.S. Slashes China ‘De Minimis’ Tariff to 54% as Trade Truce Takes Effect 05/13/2025

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Economics

Price of lithium carbonate in China falls to two-year low

According to Trading Economics, the price of lithium carbonate in China dropped below 200,000 yuan ($20.6 thousand) per ton, marking the lowest price in over two years, having peaked in September 2021. The situation resulted from growing stocks accumulated in the face of declining worldwide demand....

Lagarde: ECB rate cuts may happen later than in 'a couple of quarters'

The European Central Bank will be able to begin decreasing interest rates in "a couple of quarters," according to ECB President Christine Lagarde at a Financial Times conference. If present rates are maintained for a long enough period of time, she believes inflation in the eurozone will slow to...

Middle East Funds Exodus Causes Investors To Withdraw Unprecedented Amounts From Saudi

When the worst violence in decades rocked the Middle East and rattled the region's business-friendly narrative in October, foreign investors withdrew an unprecedented amount of money from U.S. equities funds that tracked Saudi Arabia. According to LSEG statistics, the iShares MSCI Saudi...

Why Are NFTs No More In The News?

Any method devised by Homer Simpson to become wealthy quickly almost always backfires. The poor father in the most recent episode of The Simpsons turns himself and his son Bart into NFTs in an attempt to gain millions of dollars. When Homer learns that "the NFT craze is over" via...

Moody's Downgrades The US Credit Rating, Infuriating Washington

US President Joe Biden's administration swiftly criticised Moody's for lowering its outlook on the U.S. credit rating to "negative" from "stable" on Friday, citing significant fiscal deficits and a fall in debt affordability. The action comes after the sovereign's rating was downgraded...

China Is Iran's Largest Oil Buyer, And Tehran's Oil Trade Is Growing

China is importing record amounts of oil from Iran as the country increases production in defiance of the possibility of additional U.S. sanctions. Current sanctions were put in place due to Iran's nuclear programme, and American politicians are looking to increase pressure following...

Bank of England’s chief economist urges to keep rates at restrictive levels

Huw Pill, the chief economist of the British Central Bank, argues that the Bank of England should maintain its tight monetary policy, writes the Financial Times. "We don't need to raise rates to keep inflation under control," Pill argues. - "It will keep them at the present restricted level."...

Australian Central Bank Modifies Its Aggressive Approach While Hiking Rates To A 12-Year High

After four months of stable policy, Australia's central bank lifted interest rates to a 12-year high on Tuesday. However, it did not say whether more tightening would be required to control inflation. The Reserve Bank of Australia (RBA) hiked its cash rate by 25 basis points to 4.35% as it...

China Reports Unexpected High Import Level With A Cautious Recovery Of Domestic Demand

Despite a recent rebound in domestic demand, China's economy remains vulnerable to persistent threats, as evidenced by a mixed set of statistics that saw imports grow unexpectedly in October while exports declined at a faster rate. The trade numbers come after a string of largely positive...

Despite Reservations, The World Bank Is Ready To Establish A Fund For Climate Loss And Damage

Notwithstanding opposition from developing countries and the US, nations took a step towards establishing a fund on Saturday to assist underprivileged states harmed by climate disasters. At last year's United Nations climate conference in Egypt, developing country negotiators overcame...