Thu, Feb 15th 2024 10:40 pm Company funding results in regional community benefits through property redevelopment, reuse, repurposing National Grid Press Release National Grid is supporting revitalization and growth in Western New York by providing more than $1 million in economic development grants to regional businesses that are redeveloping brownfield sites and historic buildings, repurposing […]

Does higher Bitcoin mean higher US dollar? Bitcoin (BTC), the flagship cryptocurrency, has made an impressive rebound, soaring to $50,000 after experiencing a dip below $40,000 in January. This surge has brought Bitcoin prices to two-year highs, showcasing the volatile nature of cryptocurrency trading. The price movements of Bitcoin have often been an area of […]

The US has seen GDP growth blow past predictions, hiring numbers surge unexpectedly and consumers still spending even as interest rates climbed — deftly averting a dreaded recession in 2023. While interest rates have hit the highest level in more than two decades, a situation ordinarily accompanied by higher unemployment and a consumption pullback, it […]

Japan has slipped to the world’s fourth-largest economy as government data released on January 15 showed it fell behind the size of Germany’s in 2023. The numbers highlight how the Japanese economy has gradually lost its competitiveness and productivity while the population shrinks as Japanese people age and have fewer children, analysts say. Japan fell […]

The German economy is performing “dramatically bad”, the country’s economy minister Robert Habeck (Greens) said at a trade fair in Leipzig on Wednesday (14 February), with the government now only expecting a 0.2% growth rate for 2024. Last year, Germany posted the worst performance across all major global economies, with a GDP contraction of 0.3%, […]

Why is it important for people to study economics?Economics is all around us. In introductory economics, students learn about supply and demand, financial markets, monetary policy, and other somewhat abstract ideas. Understanding these and other basic economic concepts is crucial to being an informed citizen.  But students are surprised to learn that economics helps inform […]

Rupee fell 4 paise to 83.12 against US dollar in early trade on Wednesday. This comes after the rupee settled flat at 83 against the US dollar on Tuesday, as the support from a rally in domestic equities was negated by a strong greenback overseas and rising crude oil prices. More to follow… Read the […]

Although Congress is failing to pass laws to restrict the number of migrants arriving in the U.S., a majority of Americans – about 6 in 10 – believe there’s an immigration crisis along the Mexico-U.S. border. Politicians who want fewer people to move here often cast those arriving without prior authorization as a burden on […]

I’m Chris Anstey, a senior economics editor in Boston, and today we’re looking at US housing crisis lessons for China. Send us feedback and tips to ecodaily@bloomberg.net or get in touch on X via @economics. And if you aren’t yet signed up to receive this newsletter, you can do so here. At first glance, the […]

The Malaysian economy has proved its resilience yet again, achieving a growth rate of 3.3 per cent in the third quarter of 2023. Though this was a reasonable rate given the rather tepid global environment, it was only marginally larger than the 2.9 per cent that was marked for the second quarter of 2023. Malaysia’s […]