The European Central Bank will decide on Thursday whether to continue fighting inflation by raising its benchmark interest rate to a record high or taking a break as the economy deteriorates. The central bank of the 20 nations that make… Read More ›
Geopolitics
G20 Commits To Triple Renewable Energy Capacity But Refrains From Naming Major Objectives
The G20 leaders pledged to work towards tripling the world’s renewable energy capacity by 2030 and acknowledged the need to continue phase-down of coal power, but they refrained from establishing significant climate goals. The 20 largest economies in the world… Read More ›
Threat From Huawei, And Anxiety Over Chinese Policies Bring Down Shares Of Apple Suppliers
A sell-off in international IT stocks on Friday was exacerbated by China’s expanding restrictions on iPhone usage by government employees, feeding concerns that Apple and its suppliers would suffer as a result of escalating Sino-U.S. tensions and growing Huawei rivalry…. Read More ›
‘Immense’ Funding Challenges Exist Throughout The World, Says The Asian Development Bank
The Asian Development Bank must collaborate with others to meet the “immense” challenges that Asia and the rest of the globe face, its director general told CNBC on Friday. “The challenge that we are facing in this region and also… Read More ›
China’s Trade Slump Lessens As Indications Of Stability Appear
Although the decreases were milder than anticipated, China’s exports and imports continued to shrink in August due to the dual pressures of weak domestic consumer spending and declining global demand. The trade figures come after a string of other signs… Read More ›
US Economic Growth Was Moderate Recently, According To A Fed Study
A US Federal Reserve report released on Wednesday revealed that U.S. economic growth was moderate in July and August despite a cooling labour market and easing inflation pressures, which supported views that the central bank was finished raising interest rates or… Read More ›
Under EU Tech Regulations, Big Tech’s Basic Businesses Will Need To Change
In its most recent onslaught on Big Tech, the EU Commission on Wednesday named 22 services from six major tech corporations as “gatekeepers” of online services offering messaging to video sharing. Alphabet, Amazon, Apple, Meta, Microsoft, and ByteDance, owner of… Read More ›
Japan’s 25-Year Fight Against Deflation Is Nearing A “Inflection Point,” Government Claims
The Japanese government said on Tuesday that it believed the country’s economy was close to emerging from a protracted period of stagnation and that Japan may be at a turning point in its 25-year struggle with deflation as price and wage… Read More ›
Despite The Export Situation, Winter Wheat Sowing In Ukraine Remained Unchanged
Despite increasing logistics costs as a result of the wartime export problem, Ukrainian farmers are not anticipated to cut the amount of winter wheat they sow for the 2024 harvest, a senior farming official told Reuters on Tuesday. Ukraine is… Read More ›
Greater Discounts Are Demanded By Moscow From International Businesses Leaving The Country
According to three sources with knowledge of the situation, some international businesses intending to leave Russia are seeing a significant increase in costs as a result of Moscow’s increased demands for price reductions on the assets they wish to sell…. Read More ›
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