Liu Baoxiang, who operates a mahjong parlor in a city on China’s rust belt, no longer indulges in ostentatious fashion purchases after watching the value of his two apartments drop by almost a third over the previous two years. “I… Read More ›
Regulations & Legal
Data On Manufacturing Output And Weak Retail Sales Indicate A Weakening Of The US Economy
Consumer spending on cars and other expensive things decreased more than anticipated in March in the US, signaling that the economy was losing momentum at the end of the first quarter as a result of increasing interest rates. Retail sales… Read More ›
Brands Looking Up To China’s Tropical Duty Free Island In The Hopes Of A Consumer Resurgence
This week, representatives from over 3,000 brands, including Estee Lauder and Burberry, descended on China’s Hainan island to display their newest products in an attempt to capitalize on the post-COVID consumer boom that has already begun on the island famous… Read More ›
Minutes Of Meeting Show The US Fed Anticipates The Banking Crisis Will Lead To A Recession This Year
According to Federal Reserve data published on Wednesday, the effects of the U.S. banking crisis are expected to cause the economy to enter a recession later this year. The demise of Silicon Valley Bank and other turmoil in the financial… Read More ›
Can Apple Win Over India Through Its New Stores
Apple is now preparing to build its first stores in India, more than 20 years after its products initially made their way onto Indian marketplaces. Later this month, the two stores—one each in India’s capital Delhi and Mumbai, its financial… Read More ›
Apple Will Open Its First Stores In India Next Week, Demonstrating CEO Tim Cook’s Positive Outlook For The Nation
Next week will see the opening of Apple’s first physical locations in India, underscoring the significance of the nation for the sale and production of iPhones in the future. The Cupertino behemoth will launch a location in Mumbai on April… Read More ›
IIF Chief Warns That Although The Banking Instability Was Not A Crisis, “The Downside Risks Are Real”
Tim Adams, chief executive officer of the Institute of International Finance, claims that the upheaval in the banking industry that caused the failure of multiple lenders was not a systemic problem and has since eased. The collapse of Silicon Valley… Read More ›
Indonesia Will Put Out A Limited Free Trade Agreement With The US On Essential Minerals
According to a senior minister on Monday, Indonesia would seek a free trade agreement for particular minerals exported to the US so that businesses involved in the production of batteries for electric vehicles operating there can take advantage of US… Read More ›
Apple’s Irish Subsidiary Sees Profits Reach $69 Billion
Apple’s major Irish unit paid €7.7 billion in corporation tax last year, but after claiming over $69 billion in earnings, handed out nearly triple that amount in dividends to its California parent firm. The Irish branch made the equivalent of… Read More ›
IMF Chief Says Global Economy Will Grow At Its Slowest Rate Since 1990
According to the head of the International Monetary Fund, the global economy will expand at a rate of about 3% during the following five years, which will be the weakest expansion since 1990. The future, according to Kristalina Georgieva, is… Read More ›
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