In April, inflation in India ran at an annual rate of 3.2 percent, the slowest in almost six years, as food prices rose at a slower pace.
Tag: Global Economy
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ECB IS ENDING ITS CYCLE OF INTEREST RATE CUTS
The European Central Bank (ECB) cut its key interest rate by another quarter point last week, dropping it to a flat 2 percent to buffer the Eurozone’s economy against the potential impacts of Donald Trump’s trade war.
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ASIA’S FACTORY PRODUCTION DECLINED IN MAY
The ongoing trade war sharply cut the number of new orders flowing to factories in South Korea, Taiwan, and Vietnam last month, according to S&P Global data.
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GOING OUT OF BUSINESS TRENDS
The economic landscape has presented an array of challenges that will profoundly affect the business community this year.
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WHEN THE ECONOMY FALLS, JOBS GO WITH IT
The number of U.S. workers laid off in May was 47 percent higher than May last year, according to a report by outplacement firm Challenger, Gray & Christmas. The firm reported 93,816 layoffs by U.S. employers in May, up from 63,816 layoffs last May. The total number of job cuts through the end of May was 696,309, an increase of 80 percent from the 385,589 job cuts in the first five months of last year.
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NEW HOME PRICES RISE IN CHINA. IS THE PROPERTY CRISIS ENDING?
Last month, the average price of new homes across 100 Chinese cities edged up 0.3 percent, more than doubling March’s increase of 0.14 percent, according to a new survey by the China Research Academy.
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INDIA’S ECONOMY ROCKETS AHEAD 7.4 PERCENT IN FIRST QUARTER
India’s economy leaped up 7.4 percent in the first three months of this year, more than the 6.7 percent economists had expected, as the country pulled out of a looming downturn.
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TRUMP’S ‘BIG BEAUTIFUL’ BILL HIDES A TAX BOMB FOR FOREIGN INVESTORS
Section 899 of Donald Trump’s tax-cut and spending bill now before the U.S. Senate includes a provision that allows the American government to slap additional taxes on foreign investments made by companies and investors from countries deemed to have punitive tax provisions on U.S. investments.
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RISING MORTGAGE INTEREST RATES WILL HOBBLE EUROPE’S ECONOMY, ECB SAYS
Although the European Central Bank (ECB) has lowered its interest rates, the cost of a mortgage is likely to continue rising throughout the 20-country Eurozone until at least 2030, the bank has warned.
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U.S. BANS SALE OF CHIP DESIGN TECHNOLOGY TO CHINA. GET READY FOR DOT-COM BUST 2.0
The Trump administration has banned the sale of “electronic design automation” services (EDA) by U.S.-based firms to China.
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