One of the more significant reasons why Trump’s tariffs will not translate into more U.S. jobs is that consumers are not willing to pay a premium for ‘Made in USA’ goods when goods of the same quality is available for… Read More ›
economy
Donald Trump fires fresh salvo at China, imposes 10% tariffs on Chinese imports worth $200 billion
In a strategic move aimed at positioning itself in a stronger position during negotiations, U.S. President Donald Trump has imposed a 10% tariff on Chinese exports to the U.S. for goods worth $200 billion. The tariff is applicable to the… Read More ›
Saudi Arabia’s Public Investment Fund takes out its first ever $11 billion international syndicated loan
The development assumes strategic importance since the development is part of a package aimed at diversifying Saudi Arabia’s oil-export driven economy. In a development that marks the first commercial borrowing by Saudi Arabia’s top sovereign wealth fund, the Kingdom’s Public… Read More ›
UK’s economic outlook “significantly worse” in case of no-Brexit deal: IMF
In its assessment, the International Monetary Fund stated a myriad unresolved issues still need to be ironed out before Brexit’s March 29 deadline. A no-Brexit deal will significantly impact the country’s economy. On Monday, the International Monetary Fund disclosed, Britain… Read More ›
China’s trade surplus with the U.S. at record high in August 2018
The trade data could further push Washington to impose the next slab of tariffs on U.S. import of Chinese goods worth $200 billion. Customs data disclosed on Saturday showed China’s trade surplus with the United States has widened to a… Read More ›
China to adopt strong measures against any new U.S. tariffs
Despite U.S. trade measures the Chinese economy has albeit slowed down a little but has maintained its growth momentum. With U.S. President Donald Trump threatening to impose 25% tariffs on U.S. imports from China worth $200 billion, on Thursday, China’s… Read More ›
Japan likely to spend $90 billion year-on-year for 5 years on fiscal stimulus
Satoshi Fujii, an adviser to Japanese Prime Minister Shinzo Abe sees the fiscal stimulus measure as the most likely path Japan will have to take in order to maintain its growth trajectory. On Thursday, an adviser to Japanese Prime Minister… Read More ›
Green industry can add more than $26 trillion to the world economy by 2030
In a study aimed at putting the nail in the coffin of the perception that a low-carbon economy would be costly, the study concluded that moving to renewable energy sources could significantly boost the global economy. According to the results… Read More ›
Reuters poll place chances of hard Brexit at 25%
The poll makes an interesting read on the possibilities facing Britain after March 2019. According to the results of a Reuters poll, there is a 25% chance that Britain will leave the European Union in March 2019 without a Brexit… Read More ›
The EU must prepare for a no-deal Brexit: Michel Barnier
While Michel Barnier garbed the warning saying the EU must be ready for any eventuality, it comes in the wake of British Prime Minister Theresa May saying a no-deal “wouldn’t be the end of the world”. Although her comments were… Read More ›
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