European countries are bracing for a flood of cheap Chinese goods after the U.S. smacked imports of Chinese electric vehicles (EVs), metals, semiconductors, and solar panels with new tariffs last week. “The U.S. has sent a very clear message that it wants minimal Chinese participation in its green transition,” geopolitics analyst Yanmei Xie at Gavekal Research,......
Category: 21 May 2024
EUROZONE COMMISSION FORECASTS 2.5 PERCENT INFLATION THIS YEAR
Inflation across the 20 countries that share the euro currency will fall to 2.5 percent, averaged throughout the year, the European Commission (EC) has projected.
GOING OUT OF BUSINESS TRENDS
In recent times, the economic landscape has presented an array of challenges that have profoundly affected the business community.
WHEN THE ECONOMY FALLS JOBS GO WITH IT
It’s global. The numbers are there for all to see. From developed to underdeveloped nations, economies are slowing down and/or contracting.
CAN’T AFFORD A CAR? COST OF AUTO INSURANCE STILL ON THE RISE
The cost of insuring a passenger car or pickup truck in the U.S. leaped up 22 percent in the 12 months ending 30 April, the Bureau of Labor Statistics said.
CONSTRUCTION OF SINGLE-FAMILY RENTAL HOUSES SETS RECORD
In 2023, U.S. developers built 93,000 single-family homes as rental units, leaping 39 percent above the number in 2022 and setting a record, according to John Burns Research and Consulting.
ICC SAYS IT WILL SEEK ARREST WARRANTS FOR NETANYAHU, GALLANT
The International Criminal Court announced Monday that it will seek arrest warrants for Israeli Prime Minister Benjamin Netanyahu and Yoav Gallant, the country’s defense minister—drawing swift blowback from U.S. President Joe Biden, their genocide co-signer.
SLOVAK PM FICO’S CONDITION IMPROVES AFTER ASSASSINATION ATTEMPT, RUSSIA SAYS REAL TARGET WAS RUSSIAN-SLOVAK RELATIONS
Slovakia’s Prime Minister Robert Fico was improving inside a hospital on Monday after an assassination attempt last week in the town of Handlova, which Russia suggested was tied to his close relationship with Moscow.
COPPER FUTURES PRICES SET RECORD
On 15 May, the price of copper for July delivery in New York shot past $5 a pound, or more than $10,000 a ton, gaining 11 percent over just the previous week to set a record on U.S. markets.
HOSPITAL COSTS HELP KEEP INFLATION STRONG
The prices U.S. hospitals charge for care ballooned at an annual rate of 7.7 percent in April, the sharpest increase since October 2010, the Labor Department reported.