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U.S. Economy Shows Resilience Amid Changing Labor Market Dynamics And Consumer Trends 12/20/2024

El Salvador’s Bitcoin Strategy Amid IMF Deal: A Balancing Act Between Innovation And Caution 12/20/2024

Trump's Changing Stance On TikTok: A Shift In National Security Concerns And Social Media Influence 12/23/2024

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Economics

Greece Proceeds With Two Plans To Deal With Bad Loans

Greece is preparing parallely on asset protection scheme for cutting down on the pile “sour loans”. Greece has minimum two working plans up its sleeves for providing asset protection in order to support the banks in reducing “sour loans”, the said information came from “bankers and sources close to...

US Trade Policies Are Not Protectionist, Says U.S. Envoy To Japan

The aim of the protectionist trade policies taken by the United States government under President Donald Trump is to remove trade barriers for American companies and create a more level playing field for US firms, said the United States ambassador to Japan, as he defended his country’s trade...

US going to increase Trump tariffs for China in 2019

The United States still plans to increase import duties on Chinese goods worth $ 200 billion in January 2019 from 10% to 25%, said US Commerce Secretary Wilbur Ross in an interview with Bloomberg. According to him, at the upcoming meeting, US President Donald Trump and Chinese President Xi Jinping...

The Booming Indian Economy Could Face Hard Times In The Near Future

Despite India being the fastest growing major economy in the world, there are some teething problems with the economy according to economists. One of the problems is unequal distribution of prosperity that the country has been able to achieve. This can turn out to be a major...

Issuing Digital Currency Needs to Be Considered By Central Banks: IMF Chief

The possibilities of issuing digital currency should be looked into by central banks, believes the chief of the International Monetary Fund Christine Lagarde arguing that this would increasing the safety of digital currency transactions “That currency could satisfy public policy goals,...

China Sends A Written Response To US Trade Reform Demands

China has reportedly taken a step that could help trigger staled trade talks between the United States and China and possibly bring an end to escalating trade hostilities between the two largest economies of the world. According to reports published in the US media quoting unidentified...

UK Minister for Brexit resigns, Pound Sterling falls

The pound sterling fell by more than 1% after the British Minister for Brexit Dominic Raab announced his resignation, according to CNBC. In a letter to British Prime Minister, Raab stated that he could not agree to the terms of the Brexit agreement she proposed. This is expected to increase...

IMF: Chinese economy cannot find the balance

The Chinese economy is still far from a transition to domestic demand as the main source of growth, as well as from refraining from excessive investment in infrastructure, and from reducing social inequalities in the country, the International Monetary Fund (IMF) report says. Rebalancing of...

50 Million Electric Cars Could Be Built By Volkswagen: Automotive News

According to an article published in the German trade publication Automobilwoche, Volkswagen Chief Executive Herbert Diess said that the German car maker is getting its electric vehicle platform and battery procurement plans are being set to meet a production target of 50 million electric vehicles....

IEA forecasts growth in demand for oil and gas until 2040

Despite the growing popularity of renewable energy sources, oil and gas will remain the main energy sources until 2040, according to a report by the International Energy Agency (IEA). Demand for oil as automotive fuel will begin to fall from the mid-2020s, but other forms of transportation and...