Fri, March 29, 2024

Economy

Inflation signs might prompt the Fed to reverse its course

Inflation signs might prompt the Fed to reverse its course

A bigger-than-anticipated rise in U.S. consumer prices has put investors on high alert for more signs of inflationary pressure that could push the Federal Reserve toward increasing interest rates. Several investors announced the consumer price index report released on May 12 was not enough to prompt the Fed to reverse its course. However, the news, …

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Japan's household spending reached 18-month high

Japan’s household spending reached 18-month high

According to Tuesday’s data, Japan’s household spending recorded its biggest monthly gain in 18 months in March. Consumer demand recovered strongly from the heavy blow it took from the worsening impact of the COVID-19 pandemic last year. Still, an extension of new state of emergency restrictions and slow vaccine rollouts cloud the prospect for the …

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india

India’s Manufacturing Sector stops as COVID cases surge

Indian COVID-19 rates and deaths held close to record daily highs on May 10. The 366,161 new virus cases and 3,754 deaths published by the health ministry were off a little from recent highs. Remarkably, it took India’s surge to 22.66 million with 246,116 deaths. As it’s known, hospitals run out of beds, oxygen, morgues …

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Japan’s economy reduced

Japan’s economy reduced in the first quarter

Japan’s economy likely declined in the first quarter as the hit to consumption from COVID-19 curbs offset the rise from robust global demand. Notably, it indicated the country’s slow recovery from a pandemic-induced fall. According to analysts, an extension of state of emergency restrictions and slow vaccine rollouts are expected to keep growth weak in …

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India reported its highest-ever daily virus infection number

India reported its highest-ever daily virus infection number

India reported its highest-ever daily number of 412,262 new virus infections and also a record of 3,980 deaths. Indian drugmakers announced that a stop on some cargo flights from China could interrupt the global pharmaceutical supply chain. U.S. support for a waiver of patent protections for vaccines is heading to the WTO. Remarkably, the European …

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One of the largest carriers in the country, india

The central bank of India supports lending to help economy

On May 5, Indian banking shares were boosted after the central bank introduced measures to raise lending. It’s not a secret that the COVID-19 crisis resumes taking its toll on India. The Nifty Bank index was up 1.36%, while the Nifty PSU index, which captures the performance of India’s public sector banks, increased by 1.38%. …

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Pfizer vaccine could be authorized for adolescents

Pfizer vaccine could be authorized for adolescents

The federal health official revealed that the Food and Drug Administration is anticipated to authorize Pfizer-BioNTech’s COVID-19 vaccine for administration to adolescents by early next week. According to the latest news, Pfizer has applied for emergency use authorization for its vaccine for people ages 12 to 15. The Food and Drug Administration will have to …

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U.S. GDP increased by 6.4% for the first three months

U.S. GDP increased by 6.4% for the first three months

The economic activity started expanding from the beginning of 2021. Remarkably, widespread vaccinations, as well as more fuel from government spending, helped the U.S. economy to recover. The country is recovering sharply and is getting closer to where it was before the coronavirus pandemic hit. Gross Domestic Product increased by 6.4% for the first three …

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China's factory

China’s factory activity was anticipated to slower

China’s factory activity was anticipated to have grown at a slightly slower pace in April while maintaining momentum as the country continues its recovery. The official manufacturing Purchasing Managers’ Index (PMI) released by the National Bureau of Statistics is anticipated to decline to 51.7 for April from 51.9 in March. A reading above 50 suggests …

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Global shares extended gains after FED's announcement

Global shares extended gains after FED’s announcement

Global shares increased on April 29 after the Federal Reserve announced it was too early to consider rolling back emergency support for the economy. Moreover, Biden proposed a $1.8 trillion stimulus package. The MSCI world equity index, which gauges shares in 49 countries, increased by 0.2%, on course for its best month since November. The …

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United kingdom, Britain

Britain is likely to see faster economic growth than U.S.

According to the latest news, Goldman Sachs says that the United Kingdom looks set to see faster economic growth than the United States this year. They announced on Monday that the country races ahead with its vaccination program after its decline in 2020, as the coronavirus pandemic hit the world. The bank announced in a …

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