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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

Escalating Sino-US Trade War Is Pushing US Firms In China To Consider Relocation

According to a business survey conducted by the American Chamber of Commerce in South China, the intensifying trade war between the United States and China is forcing at least 70 per cent of US companies operational in South China to consider moving all some or all of their production to some other...

Looming U.S. Sanctions On Iran See Global Crude Oil Prices Falling Last Week

Two issues playing on the minds of investors in the global oil market – US sanctions on Iran and the possibility of US sanctions on Saudi Arabia, potential brought the price of oil during the week in line with a two week losing streak. There was drop of 1.58 percent and 2.2 percent in the...

French Finance Minister: the euro zone is not sufficiently prepared for a new crisis

The budget crisis in Italy does not pose a danger to the European Union, but the euro zone is not sufficiently prepared for a new economic crisis, French Finance Minister Bruno Le Maire said in an interview with Le Parisien on Sunday. “We do not see any negative consequences [of the situation in...

FT: EU fails to circumvent US sanctions against Iran

The European Union has not yet found a country that would agree to become the jurisdiction of a special purpose vehicle (SPV), through which settlements with Iran will be made after the introduction of US sanctions against the country's energy sector in November, writes the Financial Times. Such an...

Italy’s Outlook Lowered To Negative By S&P, Keeps Rating Same

Citing the weighing down of growth and debt prospects of Italy by the country’s government’s policy plans, the outlook of the country’s economy was changed to negative from stable by Standard & Poor's even though it left the nation’s sovereign debt rating unchanged. The ratings for the...

World Stocks Set To Record Worst Performing Week In 5 Years

The already existing fears among investors fears about trade war and economic growth was compounded by concerns over corporate profits to drive global stocks lower on Friday and set them up for a worst performance in five years. Following the missing of market expectation by Alphabet and...

Brexit Uncertainty Forces RBS To Set Aside Provision Of £100m

As the first major UK bank to officially announce a Brexit provision, RBS announced that it is setting aside a sum of £100m to counter any eventuality in the face of a ‘more uncertain economic outlook’ as the UK leaves the European Union in about 5 months from now. UK banks should increase...

World Bank: Poor food quality brings $115 billion of annual loss

Developing countries annually lose $ 115 billion due to poor food quality - this includes productivity losses due to diseases and deaths, the cost of treating eating disorders and losses from international trade, the World Bank (WB) report says. Its experts indicate that instead of focused policies...

GE Power Business Could Get A Boost With A Potential Mega Deal In Iraq

The flagging power business of General Electric got a boost after the company etched a preliminary agreement to rebuild the dilapidated electric power grid of Iraq. But the stage for the final contract bidding has been set as GE rival, Germany's Siemens, has also entered into a nonbinding...

Asian stocks lost nearly $ 5 trillion of their value this year and continue to decline

Asian stocks fell on Thursday after falling at Wall Street. Asian stocks have already lost more than $ 4.9 trillion of their value this year, Bloomberg writes. The MSCI Asia Pacific Index fell by 2% to 4:30 pm in Hong Kong, increasing the decline from the January peak to 22%. The Japanese Topix...