In this year’s first quarter, Japan’s economic output shrank 0.5 percent compared to the same period in 2023.
Tag: Global Economy
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CANADA PLAYING THE NEW TARIFFS GAME ON CHINA AFTER U.S. ANNOUNCEMENT
Canada’s government may follow the U.S. is hitting Chinese imports with new tariffs after President Joe Biden announced sweeping tariffs of as much as 102.5 percent on Chinese goods earlier this month.
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EUROPE EXPECTS FLOOD OF CHINESE GOODS AFTER U.S. IMPOSES NEW TARIFFS
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,......
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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.
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GOING OUT OF BUSINESS TRENDS
In recent times, the economic landscape has presented an array of challenges that have profoundly affected the business community.
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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.
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DEATH OF THE DOLLAR: BRICS NATIONS WANT THEIR OWN COMMON CURRENCY
The nine nations of the so-called BRICS trading bloc are considering issuing their own euro-like common currency.
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TOP TREND 2024: EV GO FU
Around the world, lawmakers and regulators are setting new fees and taxes on electric vehicles (EVs) to make up for the loss of taxes on gasoline and diesel fuel as more drivers opt for electric mobility.
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RUSSIA SEIZES ASSETS OF JPMORGAN, COMMERZBANK
On 7 May, a Russian court allowed the seizure of €12.4 million, or about $13.3 million, remaining in Russia and belonging to a partnership of JPMorgan and Commerzbank.
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ARGENTINA’S TRANSPORT WORKERS STAGE ONE-DAY PROTEST STRIKE
On 2 May, Argentina’s trains, subways, ports, and several bus lines shut down for 24 hours as workers walked out to protest economic austerity measures imposed by President Javier Milei.