International Monetary Fund (IMF) Managing Director Kristalina Georgieva has called for China to make a crucial economic transition away from its long-standing export-driven model. In an interview with Reuters, Georgieva warned that unless China shifts towards a consumer-driven economy, it… Read More ›
As discussions around tax reform and corporate accountability gain momentum globally, recent findings from the Tax Justice Network (TJN) have unveiled a troubling reality regarding corporate tax abuse. The British Overseas Territories, particularly the British Virgin Islands (BVI), the Cayman… Read More ›
The global economy is bracing for the wider implications of China’s slowing economic growth, as the World Bank projects a further decline in China’s growth rate in 2025. Despite recent stimulus measures providing a temporary lift, the World Bank forecasts… Read More ›
The ongoing trade conflict between the European Union (EU) and China took a sharp turn this week, with China imposing temporary anti-dumping measures on EU brandy imports, targeting popular French brands such as Hennessy and Rémy Martin. The move comes… Read More ›
As tensions escalate in the Middle East, concerns are growing over the potential ripple effects on global oil markets. Industry experts are increasingly apprehensive about what prolonged unrest between Israel and Iran could mean for oil supply and prices, especially… Read More ›
In September, the U.S. economy received a significant boost, pulling it further from the shadows of a feared recession and positioning the Federal Reserve to navigate a potentially smooth landing for the nation’s monetary policy. Despite lingering concerns over inflation,… Read More ›
China’s recent move to boost household consumption marks a significant departure from its long-standing investment-driven growth strategy. Beijing’s plans to issue sovereign bonds worth approximately 2 trillion yuan ($284 billion) in 2024 to subsidize consumer goods purchases and child support… Read More ›
Japan’s factory output saw a significant decline in August, driven by disruptions in motor vehicle production due to Typhoon Shanshan and weaker-than-expected U.S. sales. According to data released by the Ministry of Economy, Trade, and Industry (METI), industrial output dropped… Read More ›
The ongoing trade tensions between the United States and China have taken a new turn, with the U.S. Commerce Department proposing rules that could significantly impact the American automotive industry. On Friday, the department announced that U.S. auto sales could… Read More ›
In August, U.S. consumer spending increased slightly less than expected, but this has done little to shift expectations of solid economic growth during the third quarter. Despite the slower spending pace, other data suggest that the U.S. economy remains resilient,… Read More ›
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