Economics

With An Eye On China, The US And Vietnam Sign A Historic Cooperation During Biden’s Visit

On Sunday, U.S. President Joe Biden reached agreements with Vietnam on semiconductors and minerals, elevating Washington to Hanoi’s highest diplomatic standing alongside China and Russia. Vietnam is a strategically important
Published on September 11, 2023
By Debdutta Ghosh

World Bank implements $27B worth of projects in Ukraine

The World Bank and the Ukrainian Finance Ministry have updated their project portfolio which consists of 20 projects totaling $20 billion in grant money, €1 billion in loan monies, and…
Published on September 10, 2023
By Iris Barker

China’s Deflation Pressures Diminish, And Additional Actions Are Anticipated To Boost Demand

According to data released on Saturday, China’s consumer prices stabilised in August while factory-gate price cuts slowed as deflationary pressures eased amid signs of economic stabilisation. However, analysts claim that
Published on September 10, 2023
By Debdutta Ghosh

U.S., India, Saudi Arabia, And EU Announce A Significant Rail And Port Agreement At The G20 Summit

On the eve of the G20 conference in New Delhi, world leaders unveiled a multilateral rail and port agreement connecting the Middle East and South Asia. The agreement comes at
Published on September 10, 2023
By Debdutta Ghosh

August Car Sales In China Resumed Rising, And Tesla’s EV Market Share Nearly Doubled

In spite of the country’s still-weak economic development, larger discounts and tax advantages for electric and environmentally friendly vehicles helped China’s passenger vehicle sales increase in August compared to the
Published on September 8, 2023
By Debdutta Ghosh

US Technology Sector Is In Turmoil As A Result Of China’s Expanding iPhone Restrictions

Beijing’s expanding restrictions on iPhone usage by government employees left American lawmakers worried and stoked worries that American tech companies with significant exposure to China would suffer from escalating tensions
Published on September 8, 2023
By Debdutta Ghosh

US President Biden Backs Developing Markets While Xi Shuns The G20

President of the United States Joe Biden brings an offer to the “Global South” to this weekend’s Group of 20 (G20) conference in India: no matter what happens to China’s
Published on September 7, 2023
By Debdutta Ghosh

China’s Economic Doom Looms Large Over The Long-Awaited Recovery Of Japan

Tokyo’s decision-makers fear that China’s deteriorating economic conditions could harm Japan’s shaky recovery, particularly if Beijing fails to stimulate demand in a major way, thereby postponing the end of ultra-loose
Published on September 7, 2023
By Debdutta Ghosh

African countries propose global climate tax to protect poor nations

President of Kenya William Ruto claims that African nations have proven their ability to work together and dispelled any doubts over the fact that "the future of humanity lies in…
Published on September 7, 2023
By Iris Barker

Teardown Of The New Huawei Phone Reveals China’s Chip Innovation Success

According to a teardown report by research company TechInsights, Huawei Technologies and China’s top chipmaker SMIC have developed an advanced 7-nanometer processor to power its most recent smartphone. According to
Published on September 6, 2023
By Debdutta Ghosh

China Will Establish A $40 Billion Governmental Fund To Support The Chip Sector

China is getting ready to launch a new state-backed investment fund with the goal of raising approximately $40 billion for its semiconductor industry as the nation steps up attempts to
Published on September 6, 2023
By Debdutta Ghosh

UK sees biggest fuel price hike in 23 years

UK citizens will face one of the largest fuel price increases in 23 years.
Published on September 4, 2023
By Iris Barker

FT: China builds battery plants that exceed domestic demand

China is constructing battery plants with capacities greater than those required to satisfy domestic demand, writes the FT.
Published on September 4, 2023
By Iris Barker

India proposes biofuel alliance to protect the environment

According to Prime Minister Narendra Modi, the project also aims to promote the energy transition.
Published on September 4, 2023
By Iris Barker

Bank of China conducts first RMB investment operation in Argentina

Bank of China made its first direct RMB investment in Argentina.
Published on August 31, 2023
By Iris Barker

Analysts: Inflation in eurozone countries goes up once again

The rate of inflation in the nations that make up the eurozone has stopped declining; in August, it was 5.3%, above economists' projections.
Published on August 31, 2023
By Iris Barker

Spending By US Consumers Is Increasing, And Falling Savings Are A Concern

Although Americans spent more money on goods and services in July than they had in the previous six months, predictions that the Federal Reserve would leave interest rates steady next
Published on August 31, 2023
By Debdutta Ghosh

Chinese Exporters Use Currency Swaps To Keep Their Dollars When The Value Of The Yuan Declines

According to government data and interviews with enterprises, Chinese exporters are employing a complex currency swap method to postpone turning their dollar revenues into yuan out of concern that they
Published on August 31, 2023
By Debdutta Ghosh

Germany to spend over €7B annually to support the economy

The administration has roughly 50 humanitarian initiatives planned in all.
Published on August 30, 2023
By Iris Barker

Gasoline prices hit record high in Japan

The average retail price per liter was 185.6 yen.
Published on August 30, 2023
By Iris Barker

US Employment Market Slows As Job Opportunities And Resignations Fall

As the labour market gradually slowed down, there were fewer job postings in the United States in July, which raised hopes that the Federal Reserve would maintain interest rates at
Published on August 29, 2023
By Debdutta Ghosh

TotalEnergies will cap fuel price at gas stations in France

According to a statement from the French energy business TotalEnergies, the company would support efforts to keep gasoline prices at its French gas stations at €1.99 per litre through the…
Published on August 28, 2023
By Iris Barker

Fed And ECB Have No Desire To Change Their Inflation Target

The heads of the two institutions dispelled on Friday any hopes that the 2% inflation target long targeted by the U.S. Federal Reserve and the European Central Bank might be
Published on August 26, 2023
By Debdutta Ghosh

China’s Weakening Economy Cannot Be Fixed Painlessly

Erin Yao wishes to learn street dance and travel, two things she was unable to accomplish in China for three years because to COVID-19 limitations. She is saving more of
Published on August 25, 2023
By Debdutta Ghosh

German Economy Continues To Lag In Q2 Following Winter Recession

The second quarter of Germany’s economy was flat compared to the first three months, showing no signs of recovery from the winter recession and solidifying its place as one of
Published on August 25, 2023
By Debdutta Ghosh

WTO: World economy will unlikely grow in Q3 2023

However, the World Trade Organization secretariat reported that the second quarter's goods trade was better than in the first three months.
Published on August 24, 2023
By Iris Barker

Is The US Dollar In Jeopardy And What Is A BRICS Currency?

In order to lessen their reliance on changes in the dollar exchange rate, the president of Brazil called on the BRICS countries to establish a single currency for trade and
Published on August 24, 2023
By Debdutta Ghosh

Lithium Buyers Are Interested In Australia’s Cheaper Early-Stage Transactions

As a result of some of the top producers of the battery material in the world as well as other interested parties vying for supplies, emerging Australian lithium companies are
Published on August 22, 2023
By Debdutta Ghosh

S&P Downgrades A Number Of US Banks Due To Rising Liquidity Concerns

The financial health of US lenders would likely be put to the test by rising funding costs and issues in the commercial real estate sector, according to S&P Global, which
Published on August 22, 2023
By Debdutta Ghosh

Despite Rising Yuan Risks, China Surprises With A Slight Rate Drop

As part of increased efforts to boost credit demand, China lowered its benchmark lending rate for one year on Monday. However, markets were taken aback when China kept the rate
Published on August 21, 2023
By Debdutta Ghosh

FT: BRICS members to discuss trade transactions in national currencies

According to the Financial Times, which cites unnamed sources, BRICS presidents may debate the possibility of conducting trade transactions with one another in national currencies.
Published on August 20, 2023
By Iris Barker

Bloomberg: Government bond yields hit 15-year high

Since the 2008 financial crisis, the yields on government bonds have increased to their highest levels in 15 years, writes Bloomberg.
Published on August 17, 2023
By Iris Barker

During London And New York Business Hours, China’s State Banks Were Observed Exchanging Dollars For Yuan: Reuters

In an effort to stop the yuan’s depreciation, China’s big state-owned banks were reportedly busy this week selling U.S. dollars to buy yuan in both onshore and offshore spot foreign
Published on August 17, 2023
By Debdutta Ghosh

Fed And Experts Revise Their Forecasts For A US Recession

A year ago, a sizable portion of the U.S. believed the nation was in, or would soon enter, a recession. You can blame this belief on the disconnect between economic
Published on August 17, 2023
By Debdutta Ghosh

Philip Morris plans to stop producing conventional cigarettes in the future

According to Markus Essing, head of the group's German branch, the company wants to provide customers with less damaging alternatives.
Published on August 16, 2023
By Iris Barker

Headline Inflation In The UK Falls Significantly In July To 6.8% As Had Been Predicted

The headline inflation rate in the United Kingdom fell significantly in July to an annual 6.8%, but the core CPI stayed steady, potentially giving the Bank of England a headache.
Published on August 16, 2023
By Debdutta Ghosh

As Negative Risks Increase, China May ‘Miss The 5%’ Growth Target For 2023

Without additional assistance, economists believe China will gradually miss its 5% growth goal for this year. The nation stopped publishing data on youth unemployment on Tuesday after it reached record
Published on August 16, 2023
By Debdutta Ghosh

FT: EU attracted half as much environmental investment in a year as the United States

According to the newspaper, Europe invested $8.7 billion in clean energy and electric vehicle startups, but the United States designated more than $21.7 billion for comparable initiatives.
Published on August 16, 2023
By Iris Barker

New Home Prices In China Decline For The First Time This Year, Which Is Bad For The Economy

In July, new home prices in China decreased for the first time this year. This is only the latest in a spate of unfavourable reports that indicate a rapid loss
Published on August 16, 2023
By Debdutta Ghosh

Unexpected Rate Cut By The Chinese Central Bank Are Made To Help The Economy

China’s central bank unexpectedly reduced key policy rates for the second time in three months, providing more evidence that policymakers are stepping up their monetary easing initiatives to support the
Published on August 16, 2023
By Debdutta Ghosh

FT: Drought in Panama Canal region results in idling of LNG tankers

Waiting times have climbed from eight to 18 days since July 10, according to shipping company Norton Lilly.
Published on August 15, 2023
By Iris Barker

China Lowers Key Rates As July’s Dismal Set Of Data Clouds The Outlook For The Economy

A wide range of Chinese data released on Tuesday showed that there was increased pressure on the economy from several directions. As a result, Beijing slashed key policy rates to
Published on August 15, 2023
By Debdutta Ghosh

Japan’s Second Quarter GDP Surpasses Expectations As Exports Soar

In April through June, Japan’s economy expanded considerably more quickly than anticipated thanks to brisk auto exports and tourist arrivals, which lessened the negative effects of a sluggish post-COVID consumer
Published on August 15, 2023
By Debdutta Ghosh

SCMP: China squeeze Western companies out of Africa’s biggest infrastructure projects

Chinese contractors have received approximately 31% of contracts worth $50 million or more to build similar projects in Africa in 2022, according to the South China Morning Post.
Published on August 14, 2023
By Iris Barker

US Begins The Process Of Limiting Some Investment In Crucial Technologies In China

The White House announced on Wednesday that it will start limiting American investments in some critical Chinese technologies and needing government approval for other ventures, but warned that it might
Published on August 9, 2023
By Debdutta Ghosh

China Experiences Deflation As Attempts To Spark A Recovery Stumble

As China, the second-largest economy in the world battled to restore demand and pressure built on Beijing to provide more direct policy stimuli, China’s consumer sector entered a state of
Published on August 9, 2023
By Debdutta Ghosh

EU starts preparations to impose sanctions against Niger’s rebels

The EU list will have a section on "undermining democracy," according to Reuters.
Published on August 9, 2023
By Iris Barker

Italian Banks Are Shocked By A 40% Windfall Tax For 2023

After chastising bankers for failing to reward depositors, Italy surprised its banks and sent shockwaves through the European financial sector by imposing a one-time 40% tax on profits generated by
Published on August 8, 2023
By Debdutta Ghosh

Japan’s payments surplus balance rises to $56B in the first half of 2023

It climbed by about $5.6 billion in comparison to the same period in 2022.
Published on August 8, 2023
By Iris Barker

China Cannot ‘Extend And Pretend’ Much Longer With Municipal Debt

The “basket of measures” that China has committed to do to reduce the risks associated with local government debt are likely to include special bond issuance, debt swaps, loan rollovers,
Published on August 7, 2023
By Debdutta Ghosh
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