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The fourth of July is right around the corner and that means Cars.com has released their annual American-Made Index. Billed as an “independent ranking of vehicle makes and models creating the greatest impact on the U.S. economy through factory jobs, manufacturing plants and parts sourcing,” the annual study ranks vehicles on five factors including assembly...
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Globalisation is not dead. It may not even be dying. But it is changing. In the process, the institutions that shape it, notably the World Trade Organization, are being forced to change, too. We are moving towards a different and far more difficult world. But, in setting our new course, we need to avoid some...
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While inflation troubles the United States and economies around the world, the rising cost of food and essential commodities is having a deadly effect across Africa. The challenge on the African continent is not just about the rising cost of living but of food scarcity linked to adverse climate conditions such as drought and desertification....
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© Reuters. By Zhang Mengying Investing.com – Gold was down on Tuesday morning in Asia as the U.S. dollar eased, while investors monitored posturing from major central banks on interest rate hikes. edged up 0.12% to $1,842.95 by 11:23 PM ET (3:24 AM GMT). The , which normally moves inversely to gold, fell on Tuesday...
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Prices at the gas pump and in the grocery store continue to rise. Cryptocurrencies are crashing and the stock market took a plunge last week. On Wednesday, the Federal Reserve raised interest rates by the largest amount since 1994 in an attempt to cool down the economy and limit the demand for goods and services....
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The photograph on the mining conglomerate’s social media account showed 70 ethnic Uyghur workers standing at attention under the flag of the People’s Republic of China. It was March 2020 and the recruits would soon undergo training in management, etiquette and “loving the party and the country,” their new employer, the Xinjiang Nonferrous Metal Industry...
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Loan rate cuts ‘still likely’ as China’s economy strains under zero-Covid  South China Morning Post Read more…
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Image source: Getty Images The outlook for the international economy is looking significantly darker than it was even 10 days ago. After last week’s massive 75 basis point interest rate hike in the US, a global recession is in serious contention. One phenomenon often seen in such troubled times is that the value of the...
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US President Joe Biden on Saturday said he would be talking to Chinese President Xi Jinping (習近平) “soon,” and is weighing possible action on US tariffs on China that were imposed by the administration of former US president Donald Trump. Asked whether he had decided to lift any of the tariffs, Biden said: “We’re in...
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Chinese President Xi Jinping attends and addresses the plenary session of the 25th St. Petersburg International Economic Forum in virtual format upon invitation, June 17, 2022. /Xinhua Chinese President Xi Jinping attends and addresses the plenary session of the 25th St. Petersburg International Economic Forum in virtual format upon invitation, June 17, 2022. /Xinhua Editor’s...
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