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Non-U.S. Filmmakers Face Steep Costs and Disrupted Plans Under Trump’s 100% Foreign-Film Tariff 05/06/2025

Tariffs and Tit-for-Tat: Can Trump Forge a Fair Trade Deal with China After Years of Trade War? 05/06/2025

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

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Economics

Bitcoin Reaches A More Than Yearly High Amid Enthusiasm Over The BlackRock ETF

The largest cryptocurrency in the world, Bitcoin, reached a record high on Friday, concluding a week of gains that were aided in part by BlackRock's (BLK.N) decision to launch an exchange-traded fund (ETF) for the cryptocurrency amid increased regulatory scrutiny of the digital asset market in the...

World Bank to expand support measures for developing countries

The World Bank will increase the scope of its crisis assistance programs for developing nations. According to World Bank President Ajay Banga, his organization would enhance the number of steps it takes to support developing nations as they anticipate, handle, and recover from crises. "Today we...

Goldman Sachs cuts Chinese GDP forecast

The Chinese economy will grow less than expected in 2023 and 2024, from 4.6% to 4.5% and from 6% to 5.4%, respectively, according to Goldman Sachs analysts. Bank of America, JP Morgan Chase, and Swiss bank UBS analysts had already revised their predictions regarding the dynamics of the Chinese GDP...

Greater Than Anticipated Severity Of The German Recession: Ifo

According to the Ifo Institute's projections released on Wednesday, the German economy will fall more than initially anticipated this year as sticky inflation hurts private spending. "The German economy is only very slowly working its way out of the recession," Ifo's head of economic...

China And Qatar Sign A Second Significant LNG Supply Agreement

Asia now clearly leads the race to secure gas supplies from Doha's mammoth production expansion project after Qatar on Tuesday signed its second significant gas supply contract with a Chinese state-controlled enterprise in less than a year. A 27-year agreement between QatarEnergy and China...

The "Great Resignation" Continues Since A Quarter Of Workers Seek New Jobs, Says PwC

As the economy slows and they are forced to deal with inflationary pressures, a quarter of workers polled by PwC anticipate to change employment in the coming year, up from 19% the year before. Even while the "Great Resignation" continues, PwC's latest assessment of the global workforce...

Iran joins international union of insurers Berne Union

The International Union of Credit and Investment Insurers (Berne Union) accepted Iran as a member after its candidacy the majority of the union members' votes, according to the IRIB news agency. The Export Guarantee Fund of Iran has become a permanent member with a majority votes of the union's...

EU Energy Reform Agreement Is Shaken By A Late Push For Coal Subsidies

The European Union's plans to ratify a reform of the bloc's power market on Monday have been derailed by a last-minute request to extend subsidies for coal plants. The reform was intended to move the electricity system towards cleaner energy sources. Energy ministers from the EU's member...

Tesco Claims Food Inflation In The United Kingdom Has Reached Its Pinnacle

As the company reported a 9% increase in underlying quarterly UK sales, Tesco, the largest retailer in the UK, said the country's food inflation was beginning to lessen, providing some respite for stressed consumers and the larger economy. "We do believe that we're past the peak...

Major Banks Downgrade China's 2023 GDP Predictions As The Recovery Stalls

After May statistics revealed that the post-COVID recovery in the second-largest economy in the world was faltering, several major banks lowered their 2023 gross domestic product (GDP) growth projections for China. Nomura, a Japanese bank, announced in a note on Friday that it has lowered...