Traffic jams and stuck barges are clogging up a critical artery of the U.S. economy, as a prolonged drought pushes the Mississippi River’s water levels to near-record lows. Around 500 million tons of supplies are ferried along the Mississippi River every year with trade value worth $130 billion, according to the Port of New Orleans,...Read More
Indiana’s thriving economy would not be successful without the support of hardworking Hoosiers who propel our workforce, including more than 300,000 immigrants who possess a certain quality that makes for a thriving labor force: ambition. Ambition is what drives many immigrants today to seek out their version of the American dream. Take Perla Alamillo, who...Read More
US Dollar Index The dollar index edged higher in European trading on Friday, regaining traction after Thursday’s 0.7% drop. Unexpected drop was sparked by revived risk appetite, despite the latest report showed US inflation rose above expectations in September that adds to expectations for another aggressive action from Fed in the next policy meeting. Markets...Read More
Inflation is spreading deeper into the US economy, slamming the door on hopes the Federal Reserve will dial back interest-rate hikes that threaten to tip the country into recession https://t.co/JcHNhWhXhi— Bloomberg (@business) October 14, 2022 (SocialLY brings you all the latest breaking news, viral trends and information from social media world, including Twitter, Instagram and...Read More
PARIS, Oct 13 (Reuters) – French carmaker Renault (RENA.PA) said on Thursday that its new “The Future is NEUTRAL” entity that will focus on circular economy in the automotive sector targets 2.3 billon euros in revenue by 2030. The unit will offer a minority stake to outside investors in order to co-finance investments of about...Read More
Jim Chalmers has described the global economy as “on the edge” during his first trip to the United States as treasurer. Key points: Jim Chalmers is in Washington DC ahead of a G20 finance ministers’ meeting He warned the risk of recession in the US and other major economies “has clearly edged over from possible...Read More
Although India has not been immune to the slowdown in global economic development, it is doing better when compared to other nations, as per the International Monetary Fund (IMF). The main issue, according to Krishna Srinivasan, director of the Asia and Pacific Department at the IMF, is the current global environment where the GDP is...Read More
As even the most advanced economies buckle under the highest inflation rates this century, anemic growth and depreciating currencies, Israel would appear to be irretrievably dysfunctional with voters preparing to elect their fifth government in less than four years. A day doesn’t pass without reports of clashes in the West Bank, the recurring hazard of...Read More
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