Six months ago, the main central banks of the world were poised to make a move that would delight everybody with a credit card, who wanted to buy a house, or who wanted to start a business: a worldwide shift… Read More ›
Month: June 2024
Disappointing Number For Factory Output In China, Property Sector Still In A Slump
Beijing is under increased pressure to maintain development after China’s industrial production in May fell short of forecasts and the property sector’s slump did not appear to be abating despite policy support. Aside from retail sales that exceeded expectations because… Read More ›
Chinese Businesses Want Probes Of EU Pork As The Trade Dispute Gets Worse
According to the state-backed Global Times, Chinese companies have formally requested an anti-dumping investigation against pork imports from the European Union, intensifying tensions following the bloc’s imposition of anti-subsidy charges on Chinese-made electric vehicles. After Brussels imposed tariffs of up… Read More ›
Does Elon Musk Merit His $56 Billion Salary From Tesla?
It’s possible that Elon Musk may get his way once more. His Tesla pay plan, which has now received shareholder support, is worth up to $56 billion depending on the company’s share price. It accounts for almost 25% of the… Read More ›
China Wants The EU To Stop Its “Wrong Practices” Over EV Tariffs
Beijing said on Thursday that it hoped the European Union would change its “wrong practices” and resolve trade disputes via negotiation. Beijing denounced EU tariffs on Chinese electric vehicles as protectionist conduct. China’s response, along with those of other parties… Read More ›
Ghana Will Postpone Further Supplies Of Cocoa As The Shortage Deepens
The prognosis for the global chocolate market continues to deteriorate as Ghana, the second-largest producer of cocoa in the world, is considering delaying the delivery of up to 350,000 tonnes of beans until the next season as a result of… Read More ›
Growth Of UK Economy Stops In April, A Cause Of Concern For Rishi Sunak
After a robust start to 2024, wet weather contributed to Britain’s economic growth slowing down in April. The opposition Labour Party used this information to criticise Prime Minister Rishi Sunak’s pre-election assertions of a turnaround. The Office for National Statistics… Read More ›
US Fed Is Expected To Maintain Rate Stability And Predict Fewer Rate Reduction In 2024
On Wednesday, the Federal Reserve is expected to maintain current interest rates. This is because the policymakers’ latest economic forecasts are likely to indicate fewer rate reduction this year than initially thought. As the Fed’s two days of deliberations came… Read More ›
US Increases Strategic Petroleum Reserve Purchases As Oil Prices Decline
The government of President Joe Biden announced on Friday that it has stepped up its purchases of crude oil to restock the Strategic Petroleum Reserve in the wake of its historic 2022 stockpile auction. Two bids were released by the… Read More ›
Weight-Loss Medications Are Becoming More Popular In China
In China, Ozempic is a huge company. The diabetic medication was sold in the nation twice as much by the Danish pharmaceutical behemoth Novo Nordisk last year, for a total of about $700 million, or 5% of Ozempic’s worldwide sales…. Read More ›