Debdutta Ghosh
Economics
Under A Proposed Bill, E-Commerce Exports From China To The US Would No Longer Be Protected From Tariffs
According to one of the sponsors, a bipartisan group of US congressmen intended to present a bill on Wednesday to terminate a tariff exemption that is frequently used by online
Published on June 14, 2023
By Debdutta Ghosh
Economics
Spending In Australia Hit By Rate Hikes Pushing The Economy Into A ‘Retail Recession’
According to a report by Deloitte Access Economics, Australia is going through a “retail recession” as rising interest rates and inflation reduce customers’ purchasing power. Once inflation is taken into
Published on June 9, 2023
By Debdutta Ghosh
Economics
Sharp Increase In China’s Factory Gate Deflation In May As Demand Falls
May saw a faster-than-expected decline in factory gate prices in China, as weakening demand put a strain on manufacturing and the shaky economic recovery. China, in contrast, is experiencing a
Published on June 9, 2023
By Debdutta Ghosh
Economics
Head Of The Energy Council Claims The Global Energy System Is No Longer Fit For Purpose’
According to the CEO of the World Energy Council, Angela Wilkinson, the global energy system is no longer “fit for purpose,” and she made reference to the slow progress being
Published on June 8, 2023
By Debdutta Ghosh
Economics
US Is Stepping Up Its Anti-Crypto Campaign By Suing Coinbase And Binance
As part of a dramatic escalation of a crackdown on the industry, the top U.S. securities regulator filed a lawsuit against cryptocurrency platform Coinbase on Tuesday. This is the second
Published on June 8, 2023
By Debdutta Ghosh
Economics
May Saw A Decline In China’s Exports Due To Weak Global Demand
With a bleak prognosis for global demand, particularly from developed countries, China’s exports decreased much more quickly than anticipated in May while imports continued to decline, casting doubt on the
Published on June 7, 2023
By Debdutta Ghosh
Business & Finance
Starbucks Comes Up With Cheaper Beverages In India As Its Domestic Competitors Grow
In one of its fastest-growing markets, Starbucks is rethinking its approach to entice Indians, particularly youngsters, with smaller, less expensive beverages as it seeks to expand in small towns. However,
Published on June 7, 2023
By Debdutta Ghosh
Economics
US Debt Ceiling Agreement Leaves $16 Billion In Unfinished Defence Projects
After the United States enacted a historic bill that raises the debt ceiling but limits federal spending, a $16 billion list of lower priority defence equipment like tanks, helicopter upgrades,
Published on June 3, 2023
By Debdutta Ghosh
Economics
Despite The Challenges Of 109% Inflation, Argentines Grill More Steak
According to a Rosario grains exchange report released on Friday, Argentines are anticipated to consume the most beef in five years in 2023, maintaining their position as the world’s top
Published on June 3, 2023
By Debdutta Ghosh
Economics
OPEC+ Reportedly Discussing Tightening Oil Production Cuts: Reuters
As oil prices dipped towards $70 per barrel and market experts talked about a fresh supply glut on Friday, OPEC and its allies are talking about further reducing oil production,
Published on June 3, 2023
By Debdutta Ghosh
Economics
EU Watchdogs Notice Greenwashing Throughout The Whole Financial Sector Of The Union
EU watchdogs said in progress reports on Thursday to combat greenwashing that banks, insurers, and financial businesses around the European Union have made “misleading claims” about their sustainable credentials to
Published on June 2, 2023
By Debdutta Ghosh
Economics
US Congress Adopts A Suspension Of The Debt Ceiling To Avoid A Historic Default
Bipartisan legislation that raises the government’s $31.4 trillion debt ceiling was approved by the U.S. Senate on Thursday, preventing what would have been a first-ever default and having the support
Published on June 2, 2023
By Debdutta Ghosh
Economics
April Saw An 18% Decline In China’s Industrial Profits Due To Weak Demand
According to government data released during the week end, profits at China’s industrial companies plunged in the first four months of 2023 as businesses battled margin pressures and weak demand
Published on May 29, 2023
By Debdutta Ghosh
Economics
Biden Appears Upbeat About The Debt Ceiling, While The Treasury Issues A June 5 Default Warning
After the Treasury Department warned that a June 5 default loomed in the absence of action, Democratic President of the United States Joe Biden and a Republican negotiator announced on
Published on May 27, 2023
By Debdutta Ghosh
Economics
The IMF And Others Should Provide A $100 Billion Foreign Exchange Guarantee: Document
According to a document seen by Reuters, a high-level gathering in Paris next month will spell out a $100 billion proposal to encourage investors to put more money into climate
Published on May 27, 2023
By Debdutta Ghosh
Economics
India, The World’s Dairy Superpower, Has Seen A 15% Increase In Milk Price
Milk prices are rising, and they are not anticipated to decrease until November in India, the world’s dairy superpower. “In the last 15 months there has been [an] extraordinary increase
Published on May 26, 2023
By Debdutta Ghosh
Economics
Amidst A Looming Debt Default Situation. Biden, And McCarthy Apparently Close To An Agreement For Two Years On US Debt Ceiling
US President Joe Biden and top congressional Republican Kevin McCarthy are nearing an agreement that would lift the government’s $31.4 trillion debt ceiling for two years while capping expenditure on
Published on May 26, 2023
By Debdutta Ghosh
Economics
Confirmed: Commerce And Trade Heads From China And The US Will Meet In The US
Wang Wentao, China’s minister of commerce, will meet Katherine Tai, the U.S. trade representative, and U.S. Commerce Secretary Gina Raimondo while in the country, his ministry announced on Thursday. According
Published on May 25, 2023
By Debdutta Ghosh
Economics
German Economy Fell Into Recession As Consumers Were Affected By Inflation
Early in 2023, recession hit the German economy as consumer spending in Europe’s economic engine finally buckled under the weight of soaring inflation. According to a second estimate released by
Published on May 25, 2023
By Debdutta Ghosh
Economics
Republicans And The White House Make Progress In Negotiations In US Debt Ceiling Issue
In an effort to negotiate an agreement to raise the United States’ $31.4 trillion debt ceiling and prevent a catastrophic default, negotiators for Democratic President Joe Biden and senior legislative
Published on May 25, 2023
By Debdutta Ghosh
Economics
UK Won’t Have A Recession In 2023, Claims The IMF
The International Monetary Fund stated on Monday that it no longer anticipates that the British economy will enter a recession this year. However, it warned that the prognosis remained dim.
Published on May 23, 2023
By Debdutta Ghosh
Economics
Meeting Between McCarthy And Biden Finishes Without A Debt Ceiling Agreement
Despite having only 10 days before a potential default that might destroy the US economy, US President Joe Biden and House Speaker Kevin McCarthy promised to continue their discussions. The
Published on May 23, 2023
By Debdutta Ghosh
Economics
What Wall Street Is Doing To Prepare For A Probable US Debt Default
Wall Street banks and asset managers have been bracing for the consequences of a potential default as negotiations over raising the $31.4 trillion debt ceiling for the United States government
Published on May 22, 2023
By Debdutta Ghosh
Economics
China’s Ban On Chip Maker Micron Ban Rekindles Trade Hostilities With The US
Beijing’s decision to exclude US business Micron Technology Inc from supplying memory chips to critical domestic industries has heightened friction in a simmering trade war with Washington and boosted shares
Published on May 22, 2023
By Debdutta Ghosh
Business & Finance
Indian Minister Claims Tesla Is ‘Serious’ About Creating A Production And Innovation Base In The Country
According to India’s deputy minister for technology, the United States based electric car giant Tesla Inc is “serious” about its ambitions of setting up a production base in the country.
Published on May 19, 2023
By Debdutta Ghosh
Business & Finance
Following Europe’s Great First Quarter, Investors Predict Turmoil Ahead
Big European firms produced much better-than-expected first-quarter profits, despite a tough economic background that includes rising inflation and interest rates. However, European stocks are down from a 14-month high in
Published on May 19, 2023
By Debdutta Ghosh
Business & Finance
Supply Chain Worth $7 Bln Required For First Nuclear Fusion Plants: Survey
According to a poll released on Wednesday, companies hoping to harness the mechanism that drives the sun and stars to generate electricity expect to invest around $7 billion by the
Published on May 17, 2023
By Debdutta Ghosh
Economics
Japan Rebounds From Recession As A Result Of The Post-COVID Consumer Recovery
Japan’s economy has come out of recession and recorded an expansion faster than projected in the first quarter, as a post-COVID consumption bounce overcame global challenges, raising prospects for a
Published on May 17, 2023
By Debdutta Ghosh
Economics
Biden And McCarthy Are Optimistic About A Debt-Ceiling Agreement, As The US President Cancels His Trip To Asia
Democratic President Joe Biden and senior Republican congressional leader Kevin McCarthy moved closer to a compromise to prevent a U.S. debt default on Tuesday, as the possibility of an economic
Published on May 17, 2023
By Debdutta Ghosh
World & Politics
G7 Leaders Will Target Russian Energy And Trade In Fresh Sanctions Measures: Reuters
Leaders of the Group of Seven (G7) nations want to increase sanctions on Russia at their summit in Japan this week, including actions aimed at energy and exports assisting Moscow’s
Published on May 16, 2023
By Debdutta Ghosh
Business & Finance
Revenue Boost For US Companies In China As Their Domestic Consumers Cut Down On Spending
China is emerging from economic lockdowns, and U.S. firms such as Procter & Gamble, Starbucks, and MGM Resorts International claim the country’s recovery is boosting their total sales while consumers
Published on May 16, 2023
By Debdutta Ghosh
Economics
Consumer Mood In The United States Has Reached A Six-Month Low As A Result Of The Debt Ceiling Crisis
Consumer sentiment in the United States fell to a six-month low in May, partly to concerns that political wrangling over raising the federal government’s borrowing limit could precipitate a recession.
Published on May 13, 2023
By Debdutta Ghosh
World & Politics
Summit Statement Following G7 Meeting Will Target ‘Economic Coercion’ Of China: Reuters
Leaders of the Group of Seven (G7) countries are poised to highlight concerns about China’s use of “economic coercion” in its dealings with other countries as part of their bigger
Published on May 13, 2023
By Debdutta Ghosh
Economics
G7 Finance Heads Face A Difficult Trade-Off In Contemplating Actions To Confront China
The Group of Seven (G7) advanced economies’ finance ministers are going to discuss this week the concept of placing targeted limits on investments to China, which economists describe as a
Published on May 12, 2023
By Debdutta Ghosh
World & Politics
In The Midst Of An Obesity Review, WHO Declares Wegovy And Other Weight Control Medications Are “No Silver Bullets”
According to the World Health Organization’s nutrition chief, highly effective weight loosing medications like Novo Nordisk’s Wegovy are not a “silver bullet” for tackling the sharp rise in global obesity
Published on May 12, 2023
By Debdutta Ghosh
Economics
US Treasury Secretary Yellen Cautions A US Default Would Endanger The World Economy And Compromise US Leadership
On Thursday, U.S. Treasury Secretary Janet Yellen urged Congress to increase the $31.4 trillion federal debt ceiling in order to prevent an unprecedented default that would send the world economy
Published on May 11, 2023
By Debdutta Ghosh
Economics
Slow Consumer Inflation And Growing Factory Gate Deflation In China Will Test Government Policies
According to data released on Thursday, factory gate deflation widened while consumer price growth in China slowed to its lowest level in more than two years in April. This suggests
Published on May 11, 2023
By Debdutta Ghosh
Economics
G7 Finance Leaders’ Conference Is Overshadowed By The US Debt Impasse
A meeting of the Group of Seven (G7) finance ministers on Thursday was overshadowed by the Washington impasse over raising the U.S. debt ceiling as central banks try to assure
Published on May 11, 2023
By Debdutta Ghosh
Economics
US Treasury Secretary Yellen Is Personally Calling CEOs To Warn Them About The US Debt Ceiling: Reports
According to reports quoting information from sources familiar with the situation, US Treasury Secretary Janet Yellen is reaching out to US corporate and financial leaders to explain the “catastrophic” impact
Published on May 9, 2023
By Debdutta Ghosh
Economics
China’s Economic Prospects Clouded By Its Slowing Export Growth And Declining Imports
China’s imports fell dramatically in April, while exports climbed at a slower pace, confirming signs of weak domestic demand despite the removal of COVID restrictions and adding pressure to an
Published on May 9, 2023
By Debdutta Ghosh
Economics
Despite The Banking Crisis, Employment Creation In The United States Remains Healthy
Despite the turbulence in the banking industry and the impact of increasing borrowing prices, job creation in the United States remained healthy last month. Employers added 253,000 jobs, exceeding many
Published on May 7, 2023
By Debdutta Ghosh
Business & Finance
Apple Reports A Record Quarter In India; Analysts Believe Cook Expects The Market To Be Larger Than China
Apple made a record amount of money in India in the first quarter of the year, according to CEO Tim Cook, who emphasised the potential of what might become a
Published on May 7, 2023
By Debdutta Ghosh
Economics
India And Russia Have Suspended Talks To Settle Trade In Rupees
After months of negotiations failed to persuade Moscow to keep rupees in its coffers, India and Russia have discontinued efforts to settle bilateral commerce in rupees, according to two Indian
Published on May 5, 2023
By Debdutta Ghosh
Economics
Pioneer Of AI Claims The Threat To The Globe Could Be ‘More Urgent’ Than Climate Change
In an interview with Reuters on Friday, AI pioneer Geoffrey Hinton said that artificial intelligence could be a “more urgent” threat to civilization than climate change. Geoffrey Hinton, generally regarded
Published on May 5, 2023
By Debdutta Ghosh
Economics
Tourism Outlook Boosted By Holiday Tourism In China Returning Back To Pre-Pandemic Levels
According to government data released on Wednesday, China’s tourism recovered to pre-COVID 19 levels for the May Day vacation as domestic travel increased by more than two-thirds from a year
Published on May 3, 2023
By Debdutta Ghosh
Economics
US Fed Increases Rates, Allowing For A Break In The Tightening Cycle
The US Federal Reserve entered a new chapter in its management of the post-pandemic economic recovery by raising interest rates for the last time in history and paying closer attention
Published on May 3, 2023
By Debdutta Ghosh
Economics
Hollywood Writers And Studios Spar About The Use Of AI In “Plagiarism Machines”
Hollywood writers have been penning science fiction stories about robots taking over the planet for decades. They are now striving to prevent robots from taking their jobs. The Writers Guild
Published on May 3, 2023
By Debdutta Ghosh
Economics
A Problem In Made-In-China Sales Is Affecting Japanese Automakers
A quick switch to electric vehicles (EVs) has upended the world’s largest auto market and resulted in a decline in purchases of gasoline-powered automobiles, data indicates, putting Japan’s automakers in
Published on May 3, 2023
By Debdutta Ghosh
Economics
In Absence Of Debt Ceiling Hike, US Economy Could Default June 1 ; Biden And McCarthy Scheduled To Meet
After the US Treasury Department issued a warning that the government might not have enough money to pay its bills by June, U.S. President Joe Biden on Monday invited the
Published on May 2, 2023
By Debdutta Ghosh
Business & Finance
Subway Devises A Debt Based Financial Strategy To Secure A Deal Worth At Least $10 Billion.
In an effort to overcome a difficult environment for leveraged buyouts and obtain the company’s asking price of more than $10 billion, the bankers overseeing the sale process for Subway
Published on May 2, 2023
By Debdutta Ghosh
