According to the government statistics agency IBGE, Brazil’s economy shrank slightly in the three months to June, stalling more than anticipated as a second wave of the pandemic hit demand. The 0.1% dip in Brazil’s GDP from the previous quarter was worse than the median forecast for 0.2% growth. Remarkably, GDP marked a sharp slowdown …
Brazil GDP falls as the second wave of COVID hits recovery Read More »
China’s economy stalled this month since the country struggled to stabilize the pandemic situation and supply bottlenecks. The slowdown in the manufacturing sector shows that the country’s economy is still not in the recovery phase. An official survey revealed that China’s factory activity grew at a slower pace. It dropped to 50.1 in August from …
China’s economy stalled amid COVID-19 pandemic chaos Read More »
The U.S. economy increased at a slightly faster pace in the second quarter of the year than previously estimated. The government reported that the Gross Domestic Product (GDP) surged at a revised 6.6% annualized pace in the second quarter. The slight rise in GDP showed somewhat stronger consumer spending and U.S. exports than initially announced. …
The U.S. economy rose a bit faster in Q2 than expected Read More »
South Korea’s central bank raised interest rates on August 26 as financial risks increased. The Bank of Korea lifted its policy to 0.75% for the first time in almost three years from a record low of 0.5%. Remarkably, South Korea became the first developed economy to raise interest rates during the pandemic era. The move …
The German economy increased by more than expected in the second quarter of the year. The latest data showed that Europe’s largest economy gained 1.6% between April and June compared with the previous quarter. The better than anticipated results came as the easing of coronavirus curbs encouraged consumers to dip into record savings piled up …
The German economy rose more than expected in Q2 2021 Read More »
According to a trial involving nearly 480,000 health workers in South Africa, Johnson & Johnson coronavirus vaccine is effective against the delta strain of Covid-19. Notably, the study provides the first large-scale evidence that Johnson & Johnson vaccine prevents severe disease among those infected with the delta strain. The study is known as Sisonke. Glenda …
J&J Shot is Effective Against Delta, in South African Trial Read More »
According to the geopolitical expert, in an attempt to bring Taiwan closer to China, China portrays the United States as a weak power that you can not hope for. They are citing, for example, the rapid takeover of Afghanistan by the Taliban. As Rodger Baker, vice president of strategic analysis at Stratfor, noted, China’s latest …
China Describes the U.S. as ‘Weak and Unreliable’ Read More »
Kabul fell, the Taliban occupied Afghanistan, parliament was invaded, and the country’s president and several citizens were forced to flee. The situation is only getting worse. Establishing control of Afghanistan by the Taliban could expand the stockpile. Moreover, armaments could threaten the Afghan people and global security. While working on illicit finance issues for years, …
The Taliban Control the Afghan Economy – Highlights Read More »
The Delta variant of Covid-19 represents new risks for China as it spreads from the coast to China’s inland cities. It poses new challenges to the government who have for months managed to avoid any widespread outbreak of the Covid-19. About a month after upsetting the industry in the southern export hub of Guangdong, infections …
Covid-19 Delta Variant Represents New Risks for China Read More »
The U.S. economy surged at a disappointing rate in the second quarter of the year. This was driven by the rising number of coronavirus infections, although the country managed to escape the shackles of the virus. It indicates that the U.S. still has more work to do. GDP, during the April-to-June period, increased by 6.5% …
The U.S. economy increased at a disappointing rate in Q2 Read More »
We all remember the container ship that caused global disruption after blocking the Suez Canal earlier this year. Remarkably, it has finally docked in the United Kingdom – four months later than estimated. In the previous week (on August 3), the Ever Given finally arrived at the Port of Felixstowe. Individuals headed down to the …
The Suez Canal losses will likely cost the world over $1bn Read More »
U.S. job growth fastens in July amid demand for workers in the labour-intensive services industry. It suggests that the economy sustained its strong momentum at the start of the second half of the year. According to the labour department, non-farm payrolls were boosted by 943,000 jobs last month after increasing 938,000 in June. Remarkably, analysts …
U.S. job growth fastens in July, adding 943,000 jobs Read More »
The latest news shows that the Chinese authorities’ sudden crackdown on after-school education companies is raising costs for many parents. Moreover, it is throwing millions of jobs into uncertainty. The Authorities unveiled a new set of sweeping regulations that bans the companies from making profits and raising capital from overseas markets. In Beijing, where parents …
China’s crackdown on tutoring firms raise costs for parents Read More »
The latest news shows that Chinese firms wanting to go global are facing shipping problems. Remarkably, access to cheap manufacturing at home gave Chinese businesses an advantage overseas. However, unfortunately, it’s turning into a disadvantage now, as the COVID-19 pandemic and trade tensions disrupt international supply channels. According to the vice president of international marketing …
Chinese firms wanting to go global face shipping problems Read More »
Analysts say that the 2021 holiday shopping season could be harmed by out-of-stock goods and shipping delays. As we know, the recent floods in Europe and China are worsening already strained global supply chains. Western Europe and China’s Henan province are trying to cope with the result of devastating floods. Remarkably, Western Europe and China …
Holiday shopping season could be harmed by shipping delays Read More »
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