According to a Reuters poll, Japan’s economy shrank by an annualised 1.5% in the January–March quarter as all major growth drivers declined as a result of an unclear outlook. This will likely impede the Bank of Japan’s efforts to raise… Read More ›
Geopolitics
Foreign Investment In The UK Financial Industry Falls By 50% In 2023, According To The City Of London
Foreign investment in Britain’s financial and professional services will be cut in half to one billion pounds ($1.25 billion) by 2023, according to the City of London, despite the fact that the UK remains a top worldwide destination. The industry… Read More ›
Experts And Politicians Demand For Monitoring Of Venezuela’s Usage Of Cryptocurrencies
Venezuela’s usage of digital currencies, which is anticipated to expand after the US imposed a suspension of oil trade with the sanctioned country by May 31, would need increased oversight by regulators and law enforcement, experts warned on Monday. Venezuela’s… Read More ›
The Oil Price Cap Imposed On Russian Oil Is Not Useful, Say Western Insurers
A group of Western insurers has stated that a Russian oil price ceiling has become unenforceable, forcing more ships to join a shadow fleet, in one of the toughest rebukes to the move intended to reduce income to the Kremlin…. Read More ›
Despite Their Economic Problems, Chinese Consumers Spend More On Colgate And Diapers.
Executives at the companies that produce these goods claim that despite customer concerns over the nation’s failing economy and real estate crisis, Chinese consumers are spending somewhat more on diapers and select Colgate toothpastes. Consumer packaged goods firms have seen… Read More ›
G7 Agrees To Stop Using Coal By 2035
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 ›
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 ›
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