Economics
India’s Limitation On The Import Of Laptops And PCs Could Harm Apple And Samsung
In one of the biggest marketplaces for consumer electronics, India placed restrictions on the importation of personal computers and tablets, citing security concerns and the need to increase domestic manufacturing.
Published on August 5, 2023
By Debdutta Ghosh
Economics
China’s household debt volume approaches the IMF crisis mark
According to The South China Morning Post, total household debt in China will be 61.9 percent of the country's GDP by the end of 2022.
Published on August 3, 2023
By Iris Barker
Economics
Australians Are Fighting For The Permanent Ability To Work From Home
The Melbourne property surveyor that uses drone operator Nicholas Coomber called its 180-person crew into the office each day at 9 a.m. to distribute assignments before COVID-19 sent one-third of
Published on August 2, 2023
By Debdutta Ghosh
Economics
IMF: Ukraine’s state debt to reach 100.7% of GDP in 2025
According to economists, Kiev's governmental debt will reach 98.6% of GDP in 2024.
Published on August 1, 2023
By Iris Barker
Economics
Argentina to make its next IMF payment in Chinese yuans instead of dollars
The $1 billion that the Andean Development Corporation gave the nation would also be used to settle its debt.
Published on August 1, 2023
By Iris Barker
Economics
India Tries To Become A Semiconductor Superpower By Courting American Chip Companies
At an event on Friday that was attended by Prime Minister Narendra Modi, the heads of some of the top semiconductor companies in the United States praised India’s technology sector
Published on July 28, 2023
By Debdutta Ghosh
Economics
With Slowing Inflation, Global Central Banks Start To Change Their Policies
The world’s top central banks resumed raising interest rates this week despite falling inflation, but they are now taking a more cautious approach to future movements, suggesting that the year-long
Published on July 28, 2023
By Debdutta Ghosh
Economics
Chipmakers Say The Supply Glut Is Diminishing, But The Demand Recovery Is Still Very Sluggish
The beginning of the end of a semiconductor supply glut is being celebrated by global chipmakers, from Intel to Samsung, but the forecast for demand from clients outside the artificial
Published on July 28, 2023
By Debdutta Ghosh
Economics
ECB raises rates for the ninth time in a row
It was the ninth consecutive rate increase by the European Central Bank.
Published on July 27, 2023
By Iris Barker
Economics
US Fed’s Powell Leaves Room For Another Rate Increase In September As The Fed Raises Rates Aa Expected
The United States Federal Reserve increased interest rates on Wednesday by a quarter of a percentage point. Fed Chair Jerome Powell stated that for inflation to “credibly” return to the
Published on July 26, 2023
By Debdutta Ghosh
Economics
Memory Chip Recovery Has Started, According To SK Hynix, Which Also Mentions Strong Demand For AI
The memory chip market is beginning to rebound from a severe downturn, according to South Korea’s SK Hynix, which also reported on Wednesday that strong demand for artificial intelligence products
Published on July 26, 2023
By Debdutta Ghosh
Economics
Consumer Confidence In The US Reaches A Two-Year High, But Recession Worries Persist
In July, amid a continuously tight labour market and declining inflation, U.S. consumer sentiment reached a two-year high, improving the outlook for the economy in the short term. However, the
Published on July 26, 2023
By Debdutta Ghosh
Economics
IMF forecasts global economic slowdown
Experts from the IMF report a nearly global fall in business activity. In wealthy nations, this decline is correlated with a decline in industry and the exhaustion of rebound growth…
Published on July 25, 2023
By Iris Barker
Economics
With A Weakening Services Sector Growth, U.S. Business Activity Growth Also Decreases
According to closely watched survey data released on Monday, the growth of the service sector contributed to a five-month low in U.S. business activity in July. However, falling input prices
Published on July 24, 2023
By Debdutta Ghosh
Economics
Fears Of A Recession Returns As Euro Zone Business Slowdown Worsens
Business activity in the euro zone shrank significantly more than anticipated in July as demand fell in the major services sector of the union and factory output decreased at the
Published on July 24, 2023
By Debdutta Ghosh
Economics
Wheat price up 12 per cent after Ukraine grain deal ends
The price of September wheat futures on the Chicago Mercantile Exchange has surged by 12.3% as the grain deal was terminated.
Published on July 24, 2023
By Iris Barker
Economics
The “Barbie” Movie Rekindles Interest In The Market For Doll Collectors
In the 1970s, Matthew Keith used his allowance money to purchase his first Barbie dolls, which he kept from his parents out of concern that they would criticise the toys
Published on July 23, 2023
By Debdutta Ghosh
Economics
G20 Bloc Is Unable To Agree On Reducing The Use Of Fossil Fuels
Following protests from several producer nations, the Group of 20 (G20) major economies’ conference in India on Saturday was unable to come to a consensus on the gradual phase-out of
Published on July 23, 2023
By Debdutta Ghosh
Economics
Price hikes in 2023 expected to hit record high in Japan
Price increases affected over 30,000 items.
Published on July 23, 2023
By Iris Barker
Economics
Dead EV Batteries Become Valuable Thanks To US Subsidies
Companies in the United States are rushing to recycle electric vehicle batteries in North America due to a little-known provision in the U.S. Inflation Reduction Act, putting the continent at
Published on July 21, 2023
By Debdutta Ghosh
Economics
North Korea’s foreign trade volume grows 122.3% in 2022
In comparison to 2021, the DPRK's international trade volume increased by 122.3 percent to $15.9 billion in 2022, shows a study on North Korean foreign trade released on Thursday by…
Published on July 21, 2023
By Iris Barker
Economics
Bitcoin’s correlation with S&P 500 falls to three-year low
Binance Research: Bitcoin's correlation with the S&P 500 index has reached a three-year low.
Published on July 21, 2023
By Iris Barker
Economics
Though Japan’s Inflation May Have Peaked, The BOJ’s Stance Is Not About To Alter
Data indicated that although Japan’s core inflation remained over the central bank’s 2% target in June for the fifteenth consecutive month, an index that excludes the impact of energy costs
Published on July 20, 2023
By Debdutta Ghosh
Economics
Crypto Stolen By North Korean Hackers After Breaching A US Tech Firm
According to the company and cybersecurity specialists, a hacking organisation supported by the North Korean government infiltrated an American IT management company and used it as a launching pad to
Published on July 20, 2023
By Debdutta Ghosh
Economics
Venezuela to push oil production to over 1M bpd by the end of 2023
The nation's oil minister, Pedro Rafael Tellechea, claims that exports are also increasing and will make up around 60% of the total.
Published on July 20, 2023
By Iris Barker
Economics
IEA downgrades global energy consumption growth forecast for 2023
The International Energy Agency forecasts that the rate of growth of global energy consumption will be higher in 2024.
Published on July 20, 2023
By Iris Barker
Economics
Sharp Decline In UK Inflation Provides Some Respite To The Bank Of England
According to official figures, British inflation dropped more than forecast in June and slowed to 7.9%, which will lessen some of the pressure on the Bank of England to continue
Published on July 20, 2023
By Debdutta Ghosh
Economics
Why China Might Be The Next Thorn In The Side Of The Luxury Market
In recent years, the luxury goods business has relied primarily on China and North America for growth, but recent Chinese economic numbers and a disappointing sales report from Cartier-owner Richemont
Published on July 20, 2023
By Debdutta Ghosh
Economics
UAE and Congo sign agreement to develop four mines worth $1.9bn
The mines will open in the provinces of South Kivu and Maniema.
Published on July 19, 2023
By Iris Barker
Economics
UN Secretary General: AI’s contribution to global economy will rise to $15 trillion by 2030
António Guterres emphasized that the emergence of generative artificial intelligence "amazed and shocked" him.
Published on July 19, 2023
By Iris Barker
Economics
China’s Fragile Q2 GDP Growth Highlights The Need For Additional Policy Backing
The second quarter saw China’s economy expand at a sluggish rate due to weak domestic and international demand. As a result, pressure on officials to provide additional stimulus to support
Published on July 17, 2023
By Debdutta Ghosh
Economics
US: We’re about to agree with India on minimum tax system
Washington "looks forward to working with India on an investment platform that will lower the cost of capital and increase private investment to accelerate India's clean energy transition," US Treasury…
Published on July 17, 2023
By Iris Barker
Economics
S&P: Corporate bankruptcy filings in USA hit the highest in 13 years
S&P Global Market Intelligence, a media holding firm, reports that businesses are concerned about rising inflation and high interest rates.
Published on July 13, 2023
By Iris Barker
Economics
Chinese Export Restrictions On Chip Metal Are “A Wake-Up Call” For Other Nations To Diversify Their Supply Chains
Some nations may decide to diversify their supply chains beyond China as a result of China’s restrictions on the export of germanium and gallium as metals. “This could be a
Published on July 12, 2023
By Debdutta Ghosh
Economics
OECD Says 27% Of Occupations Are At High Risk From The AI Revolution
According to the OECD, more than a quarter of employment in the region depend on abilities that the impending artificial intelligence revolution might readily automate, and people worry that AI
Published on July 12, 2023
By Debdutta Ghosh
Economics
Foxconn pulls out of $20B semiconductor project
The Times of India write that Vedanta has added new partners and is still dedicated to the project.
Published on July 11, 2023
By Iris Barker
Economics
Investments in Latin America reach record $224 billion in 2022
The amount invested grew by 55.2% from 2021.
Published on July 11, 2023
By Iris Barker
Economics
Global Hedge Funds Excel, Propelled By AI-HFR In June
According to data source HFR, global hedge funds saw gains of 2.2% in June as artificial intelligence-related stocks rose and the banking crisis subsided. Hedge funds increased their investors’ wealth
Published on July 10, 2023
By Debdutta Ghosh
Economics
South Korea Orders Banks To Set Aside $4 Billion For Supporting Credit Unions
According to two banking sources familiar with the situation on Monday, South Korea’s financial services regulator has requested major commercial banks to set aside $4 billion in financing to help
Published on July 10, 2023
By Debdutta Ghosh
Economics
China’s Deflationary Trend A Mixed-Bag
Consumer prices fell 0.2% on the month in June, shocking analysts on the downside and leaving the annual CPI at zero. The annual fall in producer prices of 5.4% was
Published on July 10, 2023
By Debdutta Ghosh
Economics
Yellen Pushes Market Reforms And Criticises China’s ‘Punitive’ Tactics Against US Businesses
China’s leader urged her to “meet China halfway” and restart bilateral relations as U.S. Treasury Secretary Janet Yellen advocated for market reforms and criticised China’s recent harsh moves against American
Published on July 8, 2023
By Debdutta Ghosh
Economics
OPEC+ loses 3 million bpd of oil production from 2020 due to lack of investment
Suhail Al Mazroui, minister of energy and infrastructure for the UAE, stated that he was more worried about the oil supply situation than the demand situation.
Published on July 7, 2023
By Iris Barker
Economics
Yellen Is Attempting To Soothe The Tense Yet Close US-China Trade Relations
The world’s two largest economies continue to be closely linked, despite some warning signals of impending weakening, as U.S. Treasury Secretary Janet Yellen attempts to calm an increasingly tense relationship
Published on July 7, 2023
By Debdutta Ghosh
Economics
UNCTAD: Developing countries need $1.7 trillion a year in clean energy investments
UNCTAD emphasized the need of "reducing the risks of energy transition investments in developing countries through loans, guarantees, insurance instruments, and equity participation as a public sector".
Published on July 6, 2023
By Iris Barker
Economics
US States It Opposes Chinese Export Restrictions On Metals And Will Consult With Allies
A representative for the U.S. Commerce Department stated on Wednesday that Washington “firmly” opposes China’s export restrictions on the metals gallium and germanium, which are used to create semiconductors and
Published on July 6, 2023
By Debdutta Ghosh
Economics
Oil Prices Falls As Supply Cuts Are Overshadowed By Economic Headwinds
As worries about a worldwide economic slowdown impacted on market sentiment, oil prices dipped on Wednesday, reversing some gains achieved after Saudi Arabia and Russia declared they will extend and
Published on July 5, 2023
By Debdutta Ghosh
Economics
With Increasing Demand, Japan’s Service Sector Keeps A Steady Pace, Shows PMI Data
A private-sector poll released on Wednesday revealed that Japan’s service industry continued to expand quickly in June as consumer demand was rekindled by the lifting of pandemic-related restrictions. From a
Published on July 5, 2023
By Debdutta Ghosh
Economics
The Only Major Economy Which Still Has Rising Inflation Is Britain
According to information provided by the Organisation for Economic Cooperation and Development, the United Kingdom is the only one of the wealthy Group of Seven countries where inflation is still
Published on July 4, 2023
By Debdutta Ghosh
Economics
Beijing Pokes US-China Tech Rivalry With Export Restrictions On Chip Materials
On Tuesday, companies scrambled to secure supply as some industry suppliers worried that limitations on rare earth shipments would follow China’s decision to restrict exports of key metals widely used
Published on July 4, 2023
By Debdutta Ghosh
Economics
China cuts exports of gallium and germanium
The export of gallium and germanium, two metals crucial to the creation of semiconductors and other high-tech goods, has been restricted, according to China's Ministry of Commerce. Additionally, China is…
Published on July 4, 2023
By Iris Barker