The global economy has experienced a rollercoaster ride in the first half of 2023, with the old economy pulling down the prices of base metals. As China’s manufacturing sector faces its third consecutive month of contraction, the consequences are evident in the market. This article delves into the challenges faced by China’s manufacturing sector and …
This week, Janet Yellen, the US Treasury Secretary, will travel to Beijing. This will mark the second visit by a high-ranking US cabinet official to the capital city of China since the decline in relations between the world’s two largest economies earlier this year. Yellen’s visit follows Secretary of State Antony Blinken’s recent trip to …
China’s economic slowdown has raised concerns across Asia as the nation struggles to recover from the global pandemic’s aftermath and the strict COVID Zero restrictions imposed throughout 2022. Analysts predict a limited yet negative impact on the rest of Asia this year due to China’s challenges in reviving its economy. This article explores the implications …
Impact on Buying from China: Slow Economic Recovery Read More »
China’s economic recovery faces new challenges as factory activity contracted for the third consecutive month, signalling a slowdown in momentum. Coupled with a decline in non-manufacturing activity, the world’s second-largest economy is experiencing a patchy recovery. This article delves into the latest data and its implications for Chinese products, emerging markets in China, and imports …
Chinese Products: Chinese Economy Faces Challenges Read More »
President Joe Biden recently introduced his economic philosophy, dubbed Bidenomics, as the driving force behind the US economy’s success. However, despite his claims, the economy under Biden has faced significant challenges, leading to criticism from his Republican challengers. This article examines the economic problems Americans face and explores the impact of Biden’s policies on various …
Bidenomics Faces Challenges Amid Economic Problems Read More »
As President Joe Biden gears up for his 2024 reelection campaign, the White House is spotlighting “Bidenomics,” the term used to describe the administration’s approach to revitalizing the economic cycle. The administration asserts that its policies have successfully tamed inflation and reduced unemployment rates by prioritizing strategies to bolster the middle class and promote inclusive …
The Chinese economy has attracted intense global interest. Investors and analysts are closely monitoring its performance, particularly when conducting business in China. Chinese Premier Li Qiang’s recent announcement of a growth target of approximately 5% has sparked optimism among corporate circles and may encourage increased buying from China. This article examines the latest developments in …
China Exchange: Resilience Due to Growth Targets Read More »
Putin’s Russia: Chaos on the Global Economy Once a dominant force in the global economy, Russia has slipped out of the top 10 economies worldwide yet remains a significant energy supplier to global markets, including China and India. Despite Western sanctions imposed after it invaded Ukraine in 2022, Russia’s commodity market continues to play a …
US-India Deal: A New Era in Economic Cooperation To strengthen ties and counter China’s global influence, President Joe Biden warmly welcomed Indian Prime Minister Narendra Modi to the White House. The strategic alliance between the United States and India has taken center stage as both nations seek to expand their economic cooperation, enhance defense ties, …
US-India Deal: A New Era in Economic Cooperation Read More »
The High Inflation in the UK: Causes & Consequences The United Kingdom grapples with persistently high inflation, causing concerns among economists and policymakers. Despite the Bank of England’s (BoE) efforts to curb it through consecutive interest rate hikes, the desired outcome has yet to be achieved. This article delves into the causes and consequences of …
The High Inflation in the UK: Causes & Consequences Read More »
Economy News: Nigeria’s New Foreign Exchange Policy The Central Bank of Nigeria (CBN) has unveiled a new foreign exchange policy in a significant development for Nigeria’s economy. Under this policy, traders now can buy and sell foreign currencies at rates determined by the market, marking a departure from the previous system where the central bank …
Economy News: Nigeria’s New Foreign Exchange Policy Read More »
US Treasury Secretary Janet Yellen expressed concern about the potential “negative, unintended consequences” of the European Union’s push for corporate supply chain audits related to environmental and social risks. As Yellen informed lawmakers during a House Financial Services Committee hearing on Tuesday, the EU’s corporate sustainability directive is being closely monitored, and there are worries …
The EU Directive Has Potentially Negative Consequences Read More »
The Federal Reserve boosted the interest rate by 0.25 percentage points on Wednesday, signaling that it may delay further hikes to give officials time to assess the influence of recent bank failures and await and monitor the resolution of the US debt political impasse inflation. A unanimous decision raised the US Federal Reserve’s interest …
Federal Reserve Interest Rate Boosts and Its Effect Read More »
On Tuesday, oil prices fell to their lowest level since late March. According to the disappointing Chinese economic data, predictions of interest rates rose significantly. The US Federal Reserve and the European Central Bank (ECB) expressed concerns about sufficient supply this week. Brent crude slid $2.41, or 3.04%, to $76.90 a barrel by 1404 GMT. …
US President Joe Biden has tried to guarantee Americans that the US banking sector is “safe and sound” after regulators clutched California’s First Republic Bank, which JPMorgan Chase purchased in hopes of ending the two-month crisis end. On Monday afternoon, Biden praised regulators’ move to facilitate the bank’s sale, saying the move “will ensure …
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