UNDER EMBARGO: STRICTLY CONFIDENTIAL UNTIL RELEASED on Tuesday, January 30, 2024, at 3:00 PM in Johannesburg, South Africa / 8:00 AM in Washington, DC The global economy begins the final descent toward a soft landing, with inflation declining steadily and growth holding up, announced the IMF’s Chief Economist, Pierre Olivier-Gourinchas in a press briefing today, […]
U.S. dollar down in Taipei trading Focus Taiwan Read the full article…
A new law from the Biden administration set to go into effect this March aims to protect gig workers from predatory employment practices and guarantee select benefits. Separately, independent contract work reportedly contributed up to $1.27 trillion to the US economy in 2023. NYU Wagner Labor Initiative Director Terri Gerstein addresses loopholes employers use to […]
As if the Chinese economy didn’t have enough to contend with: Slowing growth, falling prices, tanking stock markets, a shrinking workforce and fleeing foreign investors. A Hong Kong court added another cause for concern Monday: It ordered the liquidation of China Evergrande Group, the world’s most indebted property developer with more than $300 billion in […]
However, the declaration has largely failed to prevent a dwindling of confidence – be it among the foreign business community, private entrepreneurs or domestic consumers. Across China, a large cross-section of foreign businesses is struggling to cope amid what has been a gulf between their tepid business performances and Beijing’s rose-tinted account of the economy. […]
Three West African nations of Mali, Burkina Faso and Niger have quit the regional economic bloc known as ECOWAS By CHINEDU ASADU Associated Press January 28, 2024, 8:46 AM ET • 3 min read ABUJA, Nigeria — West African nations Mali, Burkina Faso and Niger have withdrawn from the regional economic bloc known as ECOWAS, […]
According to The Washington Post, citing European intelligence data, the Kremlin has held several meetings in the past two years to discuss ways to undermine the dollar as the world’s reserve currency. The ultimate goal, according to one internal Russian Security Council document intercepted by one European intelligence agency, is to destroy the post-World War […]
Jamie Dimon, a renowned Bitcoin (BTC) critic and CEO of American multinational financial giant JPMorgan Chase has warned against an impending doom to the United States economy. The Warning on US Economy According to Jamie Dimon, the US economy might not survive the debt rebellion that is currently brewing in the country. It is worth […]
War in Ukraine and the Middle East, Houthi rebels striking cargo ships in the Red Sea, political unrest, climate change…it seems like the global economy is in a constant state of crisis. What if you lose your job, what if you suffer an emergency expense that you can’t afford, what if the stock market crashes? […]
The European Central Bank kept interest rates on hold for a third straight meeting and stuck with wording that suggests cuts may still be some way off. While the ECB repeated that maintaining a record-high 4% deposit rate for sufficiently long will make a “substantial contribution” to taming inflation, traders priced in a 90% chance […]
