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Economy

China is getting ready for its yearly legislative gatherings amidst challenges in the economy.

This week, Beijing will host the annual Two Sessions or “lianghui,” where thousands of Chinese policymakers and politicians will convene. The upcoming meetings will provide an early look at the Chinese government’s plans for the year ahead. The first meeting,…

The preferred inflation measure of the Federal Reserve showed an increase last month, indicating that prices are still relatively high.

WASHINGTON —  A measure of inflation preferred by the Federal Reserve rose in January, indicating that the decrease in U.S. consumer prices is not consistent month to month. The latest government report on Thursday showed an increase in prices by…

European car manufacturers are putting pressure on their suppliers to reduce costs in response to competition from Chinese electric vehicle companies.

London —  European car manufacturers and their suppliers, who are already under pressure, will have a challenging year ahead as they try to reduce expenses in order to compete with Chinese competitors that are offering more affordable electric vehicles on…

At the WTO conference in Abu Dhabi, the tax-exempt status of online trades in movies, music, and games is being discussed.

Geneva —  Since late last century and the early days of the web, providers of digital media like Netflix and Spotify have had a free pass when it comes to international taxes on films, video games and music that are…

Consumers are resisting and successfully countering price hikes. Consumers are standing up against and effectively fighting against the rise in prices.

Washington —  Inflation has changed the way many Americans shop. Now, those changes in consumer habits are helping bring down inflation. Due to consistently inflated prices, consumers are becoming increasingly frustrated and are taking action. They are opting for store-brand…

The unexpected strength of the US economy can be attributed to a boost in productivity.

Washington —  Last year, Batesville Tool & Die faced the challenge of meeting customer demand and started searching for 70 new employees. This task proved to be difficult, as it was not easy to attract factory workers to the small…

Dior has indefinitely postponed their fashion show in Hong Kong.

HONG KONG —  Dior has postponed a fashion show set to be held in Hong Kong next month, a city official confirmed Saturday, dealing a blow to the financial hub’s ambitions to boost its economy through major events. Hong Kong…

American manufacturers urge the US to prevent Chinese cars from being imported through Mexico.

WASHINGTON —  On Friday, a group that advocates for U.S. manufacturing stated that the government of the United States should prohibit the import of inexpensive Chinese automobiles and components from Mexico. They cautioned that such imports could potentially harm the…

The economy of Ukraine, devastated by war, appears to be slowly recovering.

In the year 2022, when Russia initiated a full-scale invasion, the economy of Ukraine experienced a decrease of 29%. This led to the destruction of businesses, a halt in exports, and the displacement of millions of individuals. However, according to…

AI is being adopted by Kenyan businesses to improve marketing effectiveness and reduce expenses.

Amidst economic struggles, businesses in Kenya are increasingly utilizing artificial intelligence to cut down on production and marketing costs. This development has sparked concerns among artists and advertising agencies, who worry about potential income reduction and unemployment as AI becomes…