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Inflation and FIFA price hikes dampen hope of World Cup boost to US economy
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Keeping India's growth story intact: 5 lessons from Middle East conflict that should not be ignored
Led by a growing domestic demand and a favourable demographic dividend, the Indian economy and its growth story have been called fundamentally strong by economists. But short-term global economic shocks, like the ongoing Middle East conflict, have the potential to temporarily slow the growth story - a fact that cannot be ignored if India hopes to be among the top three world economies in the coming years. In its latest Economy Watch report, EY has pointed out the need for India to ‘recast...
Trump administration proposes 25% tariffs on Brazil despite US trade surplus
US claims world’s 10th-biggest economy engages in ‘unreasonable’ trade practices that ‘restrict US commerce’Sign up for the Breaking News US newsletter emailThe Trump administration proposed 25% tariffs on imports from Brazil, charging that the world’s 10th-biggest economy engages in trade practices that are “unreasonable’’ and that “burden or restrict US commerce”. Luiz Inácio Lula da Silva said he received the decision “with indignation”.
US adds 172,000 jobs in May, strongly beating expectations
US adds 172,000 jobs in May, strongly beating expectations Unemployment remained steady, with the labour market in the world’s largest economy sustaining recent gains US employment growth surged in May, beating market expectations, while the unemployment rate remained steady, government data showed on Friday, with the labour market in the world’s largest economy sustaining recent gains. “Total nonfarm payroll employment increased by 172,000 in May, and the unemployment rate was unchanged at...
Trump administration proposes 25% tariffs on Brazil despite US trade surplus
US claims world’s 10th-biggest economy engages in ‘unreasonable’ trade practices that ‘restrict US commerce’Sign up for the Breaking News US newsletter emailThe Trump administration proposed 25% tariffs on imports from Brazil, charging that the world’s 10th-biggest economy engages in trade practices that are “unreasonable’’ and that “burden or restrict US commerce”. Luiz Inácio Lula da Silva said he received the decision “with indignation”.
Trump administration proposes 25% tariffs on Brazil despite US trade surplus
US claims world’s 10th-biggest economy engages in ‘unreasonable’ trade practices that ‘restrict US commerce’Sign up for the Breaking News US newsletter emailThe Trump administration proposed 25% tariffs on imports from Brazil, charging that the world’s 10th-biggest economy engages in trade practices that are “unreasonable’’ and that “burden or restrict US commerce”. Luiz Inácio Lula da Silva said he received the decision “with indignation”.
Japan fertility rate falls again to record low
Japan fertility rate falls again to record low TOKYO: Japan's fertility rate fell again last year to a new record low, official data showed Wednesday (Jun 3), underscoring the demographic crisis gnawing at the world's fourth-largest economy. Japan has one of the world's lowest birth rates, as well as a falling and ageing population, leading to labour shortages, a ballooning social security bill and a shrinking tax base. Government figures showed the total fertility rate - the average number...
Trump claims to be on verge of approving peace deal with major Iranian concessions
Summary: Donald Trump claims to be on the verge of approving a peace deal with Iran, which would include major concessions such as opening the strait of Hormuz and eliminating the country's nuclear programme. However, top Iranian officials deny that a final agreement has been reached, indicating that Trump may be using his "art of the deal" to avoid a war that has disrupted global energy supplies and rocked the world economy.
The US$4.25 trillion question: Becerra and Hilton will face off for California governor
The US$4.25 trillion question: Becerra and Hilton will face off for California governor California’s next governor will succeed Gavin Newsom and take charge of one of the world’s biggest economies The race for California governor in November will be a battle between a Democrat promising to cement the state’s status as a stronghold of liberal policies and a Republican pledging to dramatically reverse course in America’s most populous state. Republican Steve Hilton, a former Fox News...
China's factory activity flatlines in May casting doubt over the economy
China's manufacturing sector barely held its ground in May, with official data showing activity slipping to its weakest reading in three months as the fallout from the Iran war and entrenched domestic weakness raise fresh doubts about Beijing's growth ambitions. China's vast factory sector lost momentum last month, according to official figures published on Sunday, renewing questions about how long the world's second-largest economy can withstand a deepening global energy crisis and stubborn...