The government-owned British Business Bank (BBB) has swung to a pre-tax deficit of almost £147 million annually. The lender for economic development claims that broader economic issues caused a decline in the value of the companies it has invested in…. Read More ›
According to an adviser of the Chinese central bank, China has little room for more monetary policy easing and should focus on structural changes like supporting businesses rather than relying on macroeconomic measures to boost GDP. Beijing’s ability to ease… Read More ›
At the UN General Assembly this week, island nations facing the brunt of climate change’s effects challenged wealthy nations, claiming their survival was at peril because industrialised nations were not acting quickly enough. “There are many amongst us, the small… Read More ›
A study revealed that the euro zone economy is likely to fall this quarter and won’t soon resume growing as the dampening effect of central banks’ protracted campaign of interest rate increases becomes more apparent. S&P Global’s HCOB Flash Euro… Read More ›
According to data from global trade intelligence company ImportGenius made available exclusively to Reuters, e-commerce behemoth Shein is sending more inexpensive clothing and household goods to U.S. warehouses from China to shorten shipping times for customers. Shein, famous for its… Read More ›
Government advisors in China are divided over the appropriate course of action due to the country’s economic slowdown, with supporters of structural reforms now coming out of the shadows to take on others who want to increase state spending to… Read More ›
Though some investors are sceptical that the US Federal Reserve will stick to its guns, the central bank’s intentions for a protracted period of high interest rates might continue to pressure equities and bonds in the months to come. In… Read More ›
Following the economy’s hesitant stabilisation, state media outlet CCTV claimed on Wednesday that China would expedite the deployment of additional policies to support its economic recovery. The news was based on a cabinet meeting presided over by Premier Li Qiang…. Read More ›
China and Russia pledged Tuesday to forge ever-closer economic ties despite opposition from the West following Russia’s invasion of Ukraine last year. China supported expanded cross-border connectivity with Russia as well as stronger mutual trade and investment cooperation. Tuesday’s “in-depth”… Read More ›
As tensions build following Prime Minister Justin Trudeau’s statement that police are looking into “credible allegations” linking New Delhi’s operatives to the death of Sikh separatist leader Hardeep Singh Nijjar, trade discussions between India and Canada have been hampered. On… Read More ›
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