The Chinese government has announced a trillion-yuan boost (about $1.4 billion) to domestic spending, breaking its long-standing limit of a deficit no larger than 3 percent of GDP. That will dig the annual budget hole deeper than it has been in 30 years, according to figures cited by Bloomberg.
High interest rates, inflated materials costs, and sticker-shock prices in the $60,000 range have stalled the electric vehicle revolution in the U.S.
At its meeting on 26 October, the governing council of the European Central Bank (ECB) ended its streak of 10 consecutive interest rate hikes, leaving its deposit rate at 4 percent, its highest since the euro currency was launched on 1 January, 1999.
The Eurozone’s economy probably contracted in this year’s third quarter, according to the Hamburg Commercial Bank’s newest composite purchasing managers index (PMI).
In recent times, the economic landscape has presented an array of challenges that have profoundly affected the business community. Some of the most significant challenges include soaring inflation rates, escalating interest rates, looming fears of a recession, and a tangible decrease in revenues for many sectors…all made worse by the COVID War which destroyed the lives and livelihoods of billions across the globe.
How much more proof do people need to see the dismal economic future? For the mainstream media, the only numbers that count are stock indexes. Welcome to week 60 or our job layoffs... of a bad situation getting worse.
In an era of economic uncertainty and high interest rates, lenders are making fewer loans.
The Biden administration has designated 31 locales around the country as “Regional Innovation and Technology Hubs.”
We have arrived at the dystopian future depicted in the 2005 film V for Vendetta, which is no future at all.
You can’t fake out reality. The realities surrounding the astounding costs, and unsuitability of current technology to actually make an “EV transition” according to radical government dictates, is beginning to hit home—even with mainstream media.