Chinese authorities acknowledge the presence of economic difficulties.
BEIJING — Top officials acknowledged on Saturday that China must take further action to improve employment and stabilize its property market, as they face challenges in revitalizing the country’s struggling economy. The city of Beijing is currently experiencing difficulties with…
In the month of February, the United States economy gained 275,000 job positions.
The Bureau of Labor Statistics in the United States announced that the economy gained 275,000 jobs in February, exceeding expectations. However, the unemployment rate also increased by 0.2% to 3.9%. The job growth exceeded the expectations of economists polled by…
In 2024, we will celebrate International Women’s Day with the recognition that the economy has a strong presence of women.
On Friday, March 8, International Women’s Day will commemorate efforts to achieve gender equality globally through the United Nations’ annual campaign. The theme for this year is “Invest in women: Accelerate progress.” The concept is that by promoting financial security…
Egypt announced that it has come to an agreement with the International Monetary Fund to raise the amount of their financial rescue loan.
CAIRO — Wednesday, Egypt announced that it has come to an agreement with the International Monetary Fund to raise its bailout funds to a total of $8 billion. On Wednesday, Prime Minister Moustafa Madbouly informed the public in a televised…
China has revealed their ambitious goal for economic growth, despite lacking confidence from the public.
Taipei, Taiwan — On Tuesday, China’s leaders announced a bold goal of achieving 5% economic growth by 2024, promising to prioritize stability while making progress despite a slow economy and low confidence from investors and consumers. According to China’s official…
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…