In reaction to restrictions on its exports of electric vehicles, China has launched an anti-dumping probe into imported pork and its by-products from the European Union. This move seems to be primarily directed at Spain, the Netherlands, and Denmark. The… Read More ›
Six months ago, the main central banks of the world were poised to make a move that would delight everybody with a credit card, who wanted to buy a house, or who wanted to start a business: a worldwide shift… Read More ›
Beijing is under increased pressure to maintain development after China’s industrial production in May fell short of forecasts and the property sector’s slump did not appear to be abating despite policy support. Aside from retail sales that exceeded expectations because… Read More ›
According to the state-backed Global Times, Chinese companies have formally requested an anti-dumping investigation against pork imports from the European Union, intensifying tensions following the bloc’s imposition of anti-subsidy charges on Chinese-made electric vehicles. After Brussels imposed tariffs of up… Read More ›
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 ›
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 ›
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 ›
In China, Ozempic is a huge company. The diabetic medication was sold in the nation twice as much by the Danish pharmaceutical behemoth Novo Nordisk last year, for a total of about $700 million, or 5% of Ozempic’s worldwide sales…. Read More ›
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 ›
According to European banking executives, the rise in artificial intelligence will make banks more reliant on large US tech companies, posing new threats to the sector. Since the release of OpenAI’s popular chatbot ChatGPT in late 2022, banks have been… Read More ›
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