In a major move away from fossil fuels, the energy ministers of the affluent Group of Seven (G7) countries agreed to close their coal-fired power facilities by 2035 at the latest. According to a video uploaded on X, Britain’s minister… Read More ›
Economy & Finance
Rate Of Growth Of China’s Q1 Industrial Earnings Raises Questions About The Country’s Economic Recovery
Official statistics released on Saturday revealed that China’s industrial earnings decreased in March and slowed advances for the quarter compared to the first two months, casting doubt on the strength of a rebound for the second-biggest economy in the world…. Read More ›
World Bank Cautions That Escalation In The Middle East Might Lead To A Shock To Oil Prices Driving Up Inflation
The World Bank issued a warning on Thursday that the start of a new conflict in the Middle East may lead to an energy shock that drives up oil prices to above $100 per barrel, increases inflation, and keeps interest… Read More ›
World Economy Is Expected To Continue Expanding Throughout The Year
In defiance of prior predictions of a downturn, the global economy is expected to maintain its strong momentum for the remainder of the year and into 2025, according to a Reuters survey of analysts who felt that faster growth than… Read More ›
US Passes TikTok Bill…What Is Going To Happen Now ?
On Tuesday, the U.S. Senate advanced a bill that would give ByteDance, the Chinese company that owns TikTok, nine months to sell up the U.S. portion of the app or risk a nationwide ban. On Wednesday, President Joe Biden said… Read More ›
Talks Over A Global Plastic Pact Are Underway. What Are The Desires Of Stakeholders?
This week, world leaders will meet in the capital of Canada to talk about the status of the first-ever global convention being drafted, which would limit the world’s rising plastic pollution by the end of the year. The anticipated accord,… Read More ›
US Consumers In The Lower Income Group Are Stressed Out By Loans As Banks Get Cautious
According to current data and bank executives, U.S. borrowers with lower incomes are finding it more and more difficult to make their loan payments. As a result, banks are becoming more cautious when granting credit cards and auto loans. According… Read More ›
Bitter China Aspirations Compel Western Financial Institutions To Make Cost Reductions
A few years ago, Western financial firms—from asset management to investment banking—were in a mad rush to establish global presences and hire top personnel in China due to the country’s rising economy and attractive economic opportunities. But many of the… Read More ›
Despite Global Challenges, The ECB Governors Continue To Prepare For Numerous Rate Reduction
Officials from the European Central Bank are sticking to their intentions to drop interest rates several times this year, despite the fact that rising US inflation is delaying the US Federal Reserve’s shift to a looser monetary policy and Middle… Read More ›
Coingecko Says That The Anticipated ‘Halving’ Of Bitcoin Has Occurred
The “halving,” which occurs approximately every four years for Bitcoin, the largest cryptocurrency in the world, ended on Friday, according to CoinGecko, a data and analysis company for cryptocurrencies. After that, Bitcoin was comparatively stable, dropping 0.47% to $63,747. The… Read More ›
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