According to the U.S. Federal Reserve, the U.S. economy continues to strengthen, however, at a slower rate because of the delta strain of coronavirus. The central bank announced the jobs market was improving, and high rates of inflation remained short-lived. The U.S. Federal Reserve reported it may begin reducing its emergency support for the economy …
U.S. economy continues to strengthen but at a slower rate Read More »
A former advisor to China’s central bank announced that Evergrande’s debt crisis will slow down China’s economic growth. However, it will likely have minimal spillover on the country’s financial system. As we know, Evergrande is the world’s most indebted property developer, which has total liabilities of about $300 billion. The firm has been struggling to …
Evergrande’s debt crisis will affect China’s growth Read More »
According to Goldman Sachs, investors have been pouring money into India’s stock market. The bank says that it could increase to more than $5 trillion. Goldman Sachs predicts that India’s stock market might become the fifth largest in the world within three years. The bank announced that Indian start-ups have raised $10 billion through IPOs …
India to become the world’s 5th biggest stock market by 2024 Read More »
The U.S. economic recovery has been dented in the third quarter of the year, partly on the spread of the Delta strain of COVID-19. Remarkably, economists polled by Reuters are pushing their expectations back to November for when the Fed announces an impending policy shift. As we know, the U.S. economy is facing global supply …
U.S. economic recovery has been dented in Q2 of the year Read More »
According to the latest news, the Bank of Japan is expected to maintain its massive stimulus next week. As we know, supply bottlenecks caused by factory shutdowns in Asia weakened the economy. Some analysts assume that the rate review comes ahead of a ruling party leadership race. Moreover, analysts say that it may also shift …
The Bank of Japan is likely to keep its massive stimulus Read More »
China’s commerce ministry announced that the country has applied to enter the CPTPP (Comprehensive and Progressive Agreement for Trans-Pacific Partnership). Remarkably, the country looks to boost its clout in trade. The Chinese ministry, Damien O’Connor, reported that commerce Minister Wang Wentao submitted the country’s application to join the free trade agreement in a letter to …
China applies to enter a trans-Pacific trade deal Read More »
Production at U.S. factories slowed more than anticipated in August. Hurricane and lingering shortages of raw materials and labor, as well as coronavirus pandemic, hit America. The Federal Reserve stated on Wednesday that manufacturing output rose 0.2% in August. Data for July was revised to show production rising 1.6% instead of 1.4%, as previously announced. …
China’s economic activity reduced further in August, as the COVID-19 outbreaks and stringent control measures hit consumer demand and factory production. According to data released Wednesday by the National Bureau of Statistics, retail sales, a key gauge of China’s consumption, increased by 2.5% from a year earlier in August. Notably, it’s down sharply from July’s …
China’s economy fell in August amid rising fears of Delta Read More »
According to official GDP estimates, Saudi Arabia’s economy registered a 1.8% annual growth in the second quarter of the year. However, the non-oil sector of the world’s biggest oil exporter lost steam. The figures came out on September 13 by the General Authority for Statistics. They revised estimates of a 1.5% overall growth in Q2. …
Saudi Arabia’s economy recorded a 1.8% annual growth in Q2 Read More »
Despite almost 2 years of a global health crisis and strong vaccination rollouts, COVID infections data in America, the United Kingdom, and the rest of Europe is soaring. The number of COVID cases daily in the West remains high. Remarkably, the current 7-day moving average of daily new infections stands at 153,246, a rise of 4.9% compared …
COVID cases are still high because of the delta variant Read More »
Last week, the number of Americans seeking unemployment benefits sank to 310,000, a pandemic low. Furthermore, a sign that the rise in COVID-19 infections caused by the delta strain has yet to lead to widespread layoffs. Remarkably, the Labor Department’s report revealed on Thursday that jobless claims fell from a revised total of 345,000 the …
U.S. jobless claims hit a pandemic low of 310,000 Read More »
Mohamed Azmin Ali is Malaysia’s International Trade and Industry Minister. According to him, the country will start treating coronavirus as an endemic disease around the end of October. Remarkably, coronavirus would be endemic when the SARS-CoV-2 virus that causes the disease becomes a permanent presence in the community and resumes circulating among individuals. Meanwhile, other …
Malaysia to start treating COVID as an endemic disease Read More »
On Tuesday, El Salvador became the first country to accept Bitcoin as legal tender. This is kicking off a radical monetary experiment that could pose risks to the fragile economy. In the previous session, El Salvador President Nayib Bukele reported that the country has acquired a further 200 bitcoins ahead of El Salvador’s formal adoption …
According to Paolo Gentiloni, European Union’s agent for economics and taxation has spoken about a need for the bloc to develop on the geopolitical stage. Meanwhile, it’s essential to note that the U.S. and other Western allies decided to take a step back. European House Ambrosetti Forum, Steve Sedgwick, reported that they are an economic …
Afghanistan pullout sparks EU for more military involvement Read More »
The American economy added just 235,000 jobs in August, while analysts expected 720,000 jobs to be added. Remarkably, concerns of the delta variant of the COVID-19 rise at the virus situation are weighing on economic growth. According to Friday’s release of monthly data from the Bureau of Labor Statistics, the unemployment rate declined to 5.2% …
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