The coronavirus pandemic continues to dominate the headlines for more than 10 months. Moreover, the pandemic is not over yet and it would take at least several months to deal with all hotspots. Hopefully, the public, as well as private companies, are working hard to vaccinate people in a short period of time. Nevertheless, in …
World’s Second-Largest Economy Grew 2.3% in 2020 Read More »
The world’s second-largest economy wants to become less reliant on foreign markets. Importantly, China’s commerce ministry will focus on domestic consumption this year. The trade war with the U.S. fell down the list of priorities. It is worth noting that, China is the most populous country in the world. Interestingly, last year was a good …
Last year, more precisely on December 20, lawmakers reached a $900 billion coronavirus relief deal. It is worth mentioning that, the deal includes billions in funding for broadband internet access. People should take into account that, the latest relief measure provides $7 billion in funding for broadband connectivity and infrastructure. Importantly, that figure includes $3.2 …
U.S. Congress, Coronavirus Relief Deal, and Broadband Read More »
The state of the local economy is far from being ideal. However, Iranian companies are working hard to adapt to the ever-changing reality. However, it is not an easy task as the U.S. sanctions created many problems for Iran. Interestingly, local companies are increasingly producing the sorts of goods that Iran had long imported from …
U.S. Sanctions, Iran and its Large Domestic Economy Read More »
The state of the childcare system was not perfect even before the coronavirus pandemic, but the coronavirus pandemic created additional problems. Importantly, it will be all but impossible to rebuild the U.S. economy without first repairing the childcare system. It is worth noting that, fixing the childcare system is expensive. Interestingly, Joe Biden’s caregiving plan …
This year is coming to an end and millions of people would like to forget all challenges associated with 2020. Hopefully, public and private organizations are working hard to cope with the coronavirus pandemic. It is no secret that pandemic created a lot of problems for the global economy. This week, the United Kingdom became …
AstraZeneca Vaccine and its Impact on the Global Economy Read More »
Japan has one of the most developed economies in the world. It is worth noting that Japan announced a fresh $708 billion economic stimulus package on Tuesday. The country’s government is working hard to speed up the recovery from the country’s coronavirus-driven slump. It is not surprising that the country is ready to spend hundreds …
World’s Third-Largest Economy and Post-Covid Growth Read More »
In less than two months, Joe Biden will replace Donald Trump. It is not surprising that journalists, investors, as well as analysts would like to learn more about Biden and his economic policies. It is worth mentioning that, president-elect Joe Biden and his transition team announced on Monday several nominees and appointments for the incoming …
The coronavirus emerged in the Chinese city of Wuhan, and the coronavirus pandemic is not over yet. Hopefully, the country’s government worked hard to cope with the coronavirus, but many countries are still struggling to stabilize the situation. It is worth noting that manufacturing activity in China expanded for the ninth month in a row …
China’s Economy and National Bureau of Statistics Read More »
The World Trade Organization (WTO) made an important decision. The WTO has ruled that the European Union can impose around $4 billion in tariffs on U.S. goods, including aircraft and ketchup. It is worth mentioning that, the decision from WTO is the latest in a long-running dispute, regarding the subsidies to Boeing and Airbus. As …
World Trade Organization Ruled in Favor of European Union Read More »
The trade deficit is a serious issue and governments around the world are working hard to cope with this problem. Importantly, the U.S. trade deficit rose in August and to reach the highest level in 14 years. According to the Commerce Department, the gap between the goods and services the country sells and what it …
U.S. Trade Deficit Reached More than $67 Billion Read More »
It is no secret that the state of the global economy is far from being perfect. According to the top business leaders, the global economy is facing its worst crisis in a hundred years. It is worth mentioning that, without urgent reforms, it would more difficult to improve the situation. Yousef Al-Benyan serves as a …
Business Leaders and the State of the Global Economy Read More »
On Wednesday, the Organization for Economic Cooperation and Development (OECD) upgraded its forecast for global economic output in 2020. According to OECD, the outlook improved slightly since June. It is no secret that the biggest economies in the world suffered heavy losses due to the coronavirus pandemic. However, the economic impact may not be as …
OECD Upgraded its Forecast For Global Economic Output Read More »
People, as well as companies all over the world, are working hard to deal with the economic impact of the coronavirus pandemic. To have a better understanding of the situation, it is important to learn more about the world’s second-largest economy. Based on the information provided by the National Bureau of Statistics, the official manufacturing …
How the World’s Second-Largest Economy Deals With Pandemic Read More »
People all over the world have at least some knowledge regarding the U.S.-China trade tensions. However, relations between the U.S. and the European Union (EU) are also quite complicated. The U.S. government decided to maintain 15% tariffs on Airbus aircraft and 25% tariffs on other European goods. Importantly, the EU tried to resolve a long-term …
U.S. Government Decided to Maintain 15% on Airbus Aircraft Read More »
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