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Trump Exempts Key Electronics from China's Tariffs 04/13/2025

Argentina’s Peso Enters New Era with Currency Overhaul and Bold Economic Reforms 04/14/2025

Tokyo Holds the Line: Japan Resists U.S. Pressure in High-Stakes Tariff Talks 04/14/2025

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Economics

EC launches investigation into China's medical device procurement market

The Chinese medical device procurement market is the subject of an inquiry by the European Commission (EC). The probe, which is expected to take nine to fourteen months to complete, is prompted by "unfair discrimination of European companies and goods". Government regulations, according to the...

Power And Risk Are Created By China's EV Survival Game

China doesn't need any more electric vehicles to compete for market share outside of its borders, drive down prices at the expense of profit, or overcrowd a market that already has more losers than winners. And that's all it is receiving. A large number of the 110 EVs and plug-in...

Oxford Economics Predicts High Cost Of Food May Have Finally Peaked Globally By This Year

It looks like this year will mark the end of rising food prices globally. Oxford Economics projects that global food prices will drop in 2024, providing some respite for consumers. The economic advice firm stated in a recent statement that "our baseline forecast is for world food...

Venezuela Will Speed The Shift To Cryptocurrencies With Oil Sanctions Being Reimposed

As the United States reimposes oil sanctions on Venezuela, the state-run oil giant PDVSA intends to use more digital money in its fuel and crude shipments, according to three people familiar with the proposal. Last week, the U.S. Treasury Department granted PDVSA's suppliers and clients...

China Produces Six Billionaires As A Result Of The Bubble Tea Boom.

Do you like bubble tea? Love it or hate it, chances are you know a millennial or Gen Zer who is obsessed with this overly sugary beverage that almost tastes chewy as it slides down your throat because it contains sticky tapioca balls, also known as "boba" or "bubbles." In the last few...

Following A 7% Increase, Global Military Expenditures Reached An All-Time High In 2023, Claims A Report

The Stockholm International Peace Research Institute claimed on Monday that there has been a "global deterioration in peace and security" as military spending has hit a record high of $2.4 trillion in 2023. The institute stated in a report on military spending patterns that the number...

S&P downgrades Israel's ratings to 'A+' from 'AA-' due to rising geopolitical risks

Israel's long-term foreign and local currency ratings were reduced to "A+" from "AA-" by international rating agency S&P Global Ratings, which noted that the country's already significant geopolitical risks are compounded by escalating confrontation with Iran. "Negative" ratings are anticipated....

IMF Worried About Debt And The Financial Difficulties Low-Income Nations Face

IMF Managing Director Kristalina Georgieva stated on Friday that the IMF's shareholders concurred this week on the significance of tackling the problems low-income nations face, many of them are saddled with unmanageable debt loads. This week, a number of publications from the World Bank...

Rate Hikes Are "Very Likely," According To BoJ's Ueda, If Inflation Continues To Rise

Governor of the Bank of Japan Kazuo Ueda stated on Friday that if underlying inflation keeps rising, the central bank "very likely" to hike interest rates and eventually start to cut back on its massive bond purchases. According to Ueda, long-term inflation expectations are still close to...

US Elections And Inflation Are Two Major Threats To Financial Stability, According To A US Fed Poll

The Federal Reserve's most recent survey of U.S. central bank contacts identified persistent inflation and higher-for-longer interest rates as the main threats to financial stability. Geopolitical unrest and the 2024 U.S. presidential election were also identified as "a potentially significant...