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 ›
Geopolitics
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 ›
Although US Created 272,000 More Jobs In May Than Anticipated, The Unemployment Rate Increased To 4%
The United States economy created considerably more jobs in May than anticipated, allaying concerns about a downturn in the labour market and possibly lessening the Federal Reserve’s incentive to cut interest rates. The Labour Department’s Bureau of Labour Statistics announced… Read More ›
Wall Street Is Reeling From Indian Prime Minister Narendra Modi’s Election Results
Business executives in the United States are frantically making calls in an attempt to better comprehend the impact that Modi’s party’s inability to gain a supermajority would have on India’s economy and investment environment. This is a devastating electoral loss for… Read More ›
China Is Preparing For An Agreement With Europe Amid Impending EV Tariffs
Chinese businessmen are hoping that a round of discussions would lessen the shock to the largest electric car sector in the world following the European Commission’s anticipated action to boost tariffs on Chinese automobiles. For Chinese electric vehicle manufacturers, the preliminary… Read More ›
Quickest Yearly Hike Rate Since March 2015 In Corporate Service Prices In Japan
According to Bank of Japan statistics released on Tuesday, Japanese corporate services prices increased in April at their quickest rate since early 2015. This was due in part to rising labour costs in the services sector, which is encouraging for… Read More ›
Chinese EV Manufacturers Are Pushing Hard Into Europe Despite The Looming Prospect Of Tariffs
Even as lawmakers speculate that significant tariffs on automobiles from the second-largest economy in the world may be imposed, Chinese electric carmakers are growing their presence in Europe. This week, Nio inaugurated a store in Amsterdam, while last week, Xpeng… Read More ›