US-China tensions and the war in Ukraine are already swinging investments to like-minded countries — a sign that companies are making geopolitical bets. Reporting by Shawn Donnan and Enda Curran Data and Analysis by Maeva CousinGraphics by Jennah Haque September 18, 2023, 7:00 PM UTC One word has been popping up increasingly on earnings calls […]
Emmanuel Cherry, the chief executive of an association of Ghanaian construction companies, sat in a cafe at the edge of Accra Children’s Park, near the derelict Ferris wheel and kiddie train, as he tallied up how much money government entities owe thousands of contractors. Before interest, he said, the back payments add up to 15 […]
Summary Countries are facing dynamic, multidimensional, and interconnected crises. The pandemic, climate change, rising economic inequalities, food and energy insecurity, political polarization, increasing prevalence of youth mental and substance use disorders, and misinformation are converging, with enormous sociopolitical and economic consequences that are weakening democracies, corroding the social fabric of communities, and threatening social stability […]
The Covington Business Council’s monthly luncheon will feature three local bankers speaking on Today’s Economic Environment. On September 21, 11:30 a.m.-1 p.m. at the Radisson Hotel in Covington, banking leaders will discuss interest rates for borrowing, credit conditions, basic understanding of underwriting requirements, as well as quality of credit requests. Participating in the discussion are: […]
The United States House Financial Services Committee is moving forward with legislation aimed at preventing the issuance of a central bank digital currency. According to an announcement from chairman Patrick McHenry, the Committee will mark up two bills about a potential digital dollar on Sep. 20. Markups are sessions in which lawmakers discuss the details […]
Signs are trickling in that China’s economy and financial markets may be stirring after a sharp downturn, but these events may not be enough to stabilize China’s economy just yet. Key Takeaways A trickle of signs indicate that China’s economy may be improving. The bigger problems of decreasing affordability, tight wages, and rising costs are […]
The Fed has raised interest rates 11 times over the last 18 months, lifting its key lending rate to a level not seen for 22 years as it tackles inflation still stubbornly above its long-term target of two percent BSS/AFP 17 September, 2023, 09:35 am Last modified: 17 September, 2023, 09:47 am Federal Reserve Board […]
Visitors to the Aurora area generated $268 million of local economic impact and added to the increase in tourism in Illinois during 2022. That was the word recently from the Aurora Area Convention and Visitors Bureau, quoting data from Tourism Economics, a global tourism research firm which measured the number of visitors and their impact […]
STORY: China’s upbeat economic prospects underpin yuan’s long-term strengthDATELINE: Sept. 16, 2023LENGTH: 00:01:57LOCATION: BeijingCATEGORY: ECONOMYSHOTLIST:1. various of the views in China2. SOUNDBITE 1 (English): BISHNU PUKAR SHRESTHA, Nepal’s Ambassador to China3. SOUNDBITE 2 (English): HARLEY SEYEDIN, President of American Chamber of Commerce in South ChinaSTORYLINE:Despite short-term fluctuations, the Chinese yuan has been able to maintain […]
GERRY — Dollar General’s store at 4041 Route 60 in Gerry is now open. “At Dollar General, we believe the addition of each new store provides positive economic growth for the communities we proudly serve, and the addition of our new Gerry store highlights our commitment to deliver a pleasant shopping experience that […]
