Placeholder while article actions load Strained supply chains, inflationary pressures in the pipeline and worries about the health of the labor market. Sound familiar? This is the US in 1945 as President Harry S. Truman tried to engineer an end to World War II and minimize disruptions that would accompany peace. The role of the atomic...Read More
US: Tobias Ellwood discusses ‘keeping world order’ Major events have rocked the world over the last three years, from the global Covid pandemic to the outbreak of war in Ukraine, all of which are contributing to the changing face of world order. Could the era of the USA as the dominant global superpower be ending?...Read More
Published: 8/13/2022 7:03:39 AM Modified: 8/13/2022 7:00:14 AM Many have been faulting the current administration in Washington, Biden in particular, for a list of woes: the economy, gas prices, health costs. Biden is seen as the cause of high inflation, loss of jobs, and just about anything else you want to complain about. The corporations...Read More
KUALA LUMPUR (Aug 13): The ringgit is expected to move in a tight range against the US dollar next week and trade between the 4.44 and 4.46 level, said a dealer. ActivTrades market analyst Alexander Londono said the greenback has touched a one-month low against the ringgit by breaking below the 4.44 level and will...Read More
So much has happened to the world’s economy within a few years. The year 2020 would always be remembered due to the COVID-19 pandemic that put the world’s economy on hold. Many economies, especially the developing ones, are just staggering to their feet. The current Russian-Ukraine war is also disrupting the global supply chain and...Read More
Shoppers walk through the rain on Oxford Street in London. Tolga Akmen/AFP/Getty Images The U.K. economy contracted in the second quarter of 2022, as the country’s cost-of-living crisis hit home. Official figures published Thursday showed that gross domestic product (GDP) shrank by 0.1% quarter on quarter in the second three months of the year, less...Read More
Countries are attempting to divest from the U.S. dollar as sanctions dig into Russian and Iranian economies, with the yuan, ruble and other currencies emerging as alternatives. Russia has found new buyers for its coal and petroleum exports in non-dollar denominated currencies, keeping its economy afloat despite sanctions. “The current round of turbulence is likely...Read More
Placeholder while article actions load Since the Senate’s passage of the Democrats’ massive climate bill, backslapping and congratulations have been the order of the day among environmentalists from California to West Virginia. In their giddiness over the scale of the Inflation Reduction Act, they may want to pause to acknowledge the dynamics that allowed this...Read More
BEIJING, Aug. 11, 2022 /PRNewswire/ — About 78.34 percent of respondents from 22 countries believe the Chinese economy has become the engine of the world economy, according to a joint survey conducted by CGTN Think Tank and the Chinese Institute of Public Opinion at Renmin University of China. The survey has interviewed respondents who are 38.64...Read More
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