Latest economy news and updates from WiBestBroker

Germany lifted a ban on British, Indian, and other travelers

Leave a Comment / Economy / By Amanda Hansen

On Monday, Germany’s health agency announced that it would lift a ban on most travelers from the United Kingdom, India, Nepal, Portugal, and Russia. Remarkably, those countries faced surging cases of the highly infectious Delta variant of Covid-19. According to the Robert Koch Institute (RKI), all five countries would be reclassified from Wednesday as high-incidence areas. It …

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China sees growth in consumer spending

Leave a Comment / Economy / By Madeline Davis

According to the latest report, last year, during the COVID-19 pandemic, Chinese consumers spent less on daily necessities from foreign brands. Meanwhile, a report showed that people in smaller cities were more willing to spend than those in large ones. The study revealed growth in an economy that was already slowing its expansion before COVID. …

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Institutional and Retail Investors, stock market

When You Start a Business Who is Liable and Responsible?

Leave a Comment / Economy / By Alexander Zane

Starting a business can be exciting, and it is the American dream for many. But before you start your business, you need to know who is liable for debts incurred by the business. If the business acquires debts, then creditors can go after the personal possessions of the owner and corporate structures that allow them …

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Asian stocks were mixed; market awaits U.S. employment data

Leave a Comment / Economy / By Amanda Hansen

Asia-Pacific stocks were mixed on Friday morning. Meanwhile, investors await U.S. employment data even as they resume digesting economic data from the U.S. and China. Although shares were mostly higher in Asia on Friday, markets in Shanghai and Hong Kong dropped. The decline came a day after the Chinese Communist Party marked its centenary with …

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Mainland Europe is facing a sharp rise in delta infections

Leave a Comment / Economy / By Amanda Hansen

The COVID-19 delta infections has now spread around the world. The delta strain was first discovered in India. However, now it is prompting further waves of infections in countries like Britain. Moreover, there are increasing signs that mainland Europe is facing a sharp increase in infections too. The European Union is certainly worried about the …

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china, Asia Factory Activity Lackluster on Soft Chinese Demand, PMI

China’s debt has expanded dramatically over the past decade

Leave a Comment / Economy / By Amanda Hansen

China’s debt has boosted dramatically over the past decade. It is one of the biggest economic challenges confronting the ruling Chinese Communist Party. Remarkably, it turns 100 this week. The second-largest economy identified the ballooning debt pile as a threat to economic stability. In recent years China tried to reduce the country’s reliance on debt …

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Groups urge G20 to adopt debt-for-climate swaps

Leave a Comment / Economy / By Amanda Hansen

According to the latest news, three think-tanks are expected to unveil a proposal to prevent a looming debt crisis on June 28. The plan aims to help heavily indebted countries accelerate moves toward more sustainable growth and a low-carbon economy. The “Debt Relief for a Green and Inclusive Recovery” project is modeled on Brady bonds …

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Video KYC for Banks: A Hurdle or Not?

Leave a Comment / Economy / By Alexander Zane

The latest regulations in the compliance world demand stringent scrutiny of everyone and anyone having a certain amount of finances in their bank account. The banks or financial institutions now must be at their toes and take no chances while onboarding a shady character. The onboarding process for this purpose has become even more tedious. …

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The U.S. current account deficit hit 14-year high in Q1

Leave a Comment / Economy / By Amanda Hansen

The U.S. current account deficit rose to a 14-year high in the first quarter. Remarkably, an acceleration in economic growth drew in imports. The gap could remain wide as the U.S. is leading the global economic recovery from the coronavirus pandemic. On Wednesday, the Commerce Department announced the current account deficit increased by 11.8% to …

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The Effect of the Covid-19 Pandemic on the Global Market

Leave a Comment / Economy, Education / By Alexander Zane

With the recent outbreak of Covid-19, it’s hard to tell what the long-term effects will be on the global economy. It is almost certain that global stocks will experience a large drop in the coming weeks and months as this virus spreads. Still, there are ways to protect your portfolio from Covid-19 and hopefully make …

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Factory Activity of Japan Saw the Slowest Rise in 4 Months

Leave a Comment / Economy / By Amanda Hansen

The latest data showed that Japan’s factory activity grew at the slowest pace in four months in June. The country’s economy was leveling out before Tokyo hosts the Olympic Games in July. Moreover, activity for the private sector declined for a second straight month due to the weaker reading for manufacturing. It continued contracting in …

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WHO reported delta is the fastest and fittest COVID strain

Leave a Comment / Economy / By Amanda Hansen

According to World Health Organization officials, the highly contagious delta variant is the fastest and fittest coronavirus strain yet. WHO warned that it would pick off the most vulnerable people, especially in places with low coronavirus vaccination rates. Dr. Mike Ryan, an executive director of the WHO’s health emergencies program, announced Delta is likely to …

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China aims to turn Ningxia into France’s Bordeaux rival

Leave a Comment / Economy / By Amanda Hansen

China, a fast-growing wine market, plans to turn its primary wine-producing region of Ningxia into a center of top-quality wine production. It also plans to compete with international brands and boost the local economy. The latest news revealed that the Asian giant aims to turn Ningxia into one that rivals France’s Bordeaux. A plan, which …

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Kim Jong says the food situation in North Korea is troubling

Leave a Comment / Economy / By Amanda Hansen

On June 17, North Korea’s leader Kim Jong Un has announced his country is facing problems amid reports of food shortages and inflated prices for basic goods. According to Korean Central News Agency (KCNA), Kim Jong told the plenary meeting of the Workers’ Party of Korea the nation was experiencing a tense food situation. North …

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IMF chief says vaccine policy will top all other policies

Leave a Comment / Economy / By Amanda Hansen

Vaccine policy will be the most important economic policy this year as the world tries to rebound from COVID-19. This is according to International Monetary Fund (IMF) chief Kristalina Georgieva She also added that vaccine policy might beat even monetary and fiscal policy in terms of significance. The International Monetary Fund announced earlier in April …

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Economy

Germany lifted a ban on British, Indian, and other travelers

China sees growth in consumer spending

When You Start a Business Who is Liable and Responsible?

Asian stocks were mixed; market awaits U.S. employment data

Mainland Europe is facing a sharp rise in delta infections

China’s debt has expanded dramatically over the past decade

Groups urge G20 to adopt debt-for-climate swaps

Video KYC for Banks: A Hurdle or Not?

The U.S. current account deficit hit 14-year high in Q1

The Effect of the Covid-19 Pandemic on the Global Market

Factory Activity of Japan Saw the Slowest Rise in 4 Months

WHO reported delta is the fastest and fittest COVID strain

China aims to turn Ningxia into France’s Bordeaux rival

Kim Jong says the food situation in North Korea is troubling

IMF chief says vaccine policy will top all other policies

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