Browsing Category
Economy
Who is Muhammad Aurangzeb, the man tasked with fixing Pakistan’s economy?
Islamabad, Pakistan — When Pakistan’s 19-member new cabinet took oath on March 11, one man stood out in the lineup: Muhammad Aurangzeb, a political outsider tasked with the challenge of steering the country out of its economic woes.
Aurangzeb, a veteran banker who previously headed one of Pakistan’s largest commercial banks, Habib Bank Limited…
Read More...
Inflation report February 2024: 3.2% reading means interest rate cuts could be delayed
The biggest economic story of the post-pandemic period has been inflation.It's a narrative that, at first, had two clear phases. First came the breakneck acceleration in price growth amid reopenings and job changes, when the 12-month inflation rate surged from less than 1% in June 2020 to more than 9% in June 2022. Then the fever appeared to…
Read More...
Japan’s Nikkei leads losses in Asia; China exits deflation territory as consumer prices
Customers at a fresh food market in Shanghai, China, on Monday, Aug. 7, 2023.Bloomberg | Bloomberg | Getty ImagesJapan stocks led losses in the Asia-Pacific region after the country averted a technical recession, paving the way for its central bank to raise rates, while investors also assessed China's inflation numbers.The Nikkei 225 closed…
Read More...
Xi Sticks to His Vision for China’s Rise Even as Growth Slows
Even with growth faltering in China, Xi Jinping appears imperiously assured that he possesses the right road map to surpass Western rivals.China’s economy has lurched into a slower gear. Its population is shrinking and aging. Its rival, the United States, has built up a lead in artificial intelligence. Mr. Xi’s pronouncement several years ago…
Read More...
Peter Schiff lambasts Maxine Waters for calling US housing the ‘No.1 driver’ of inflation —
Peter Schiff lambasts Maxine Waters for calling US housing the 'No.1 driver' of inflation — here's the real cause of America's cost-of-living crisis as per the famed investor. Is he right?Inflation can arise from a multitude of factors, such as increased consumer spending, rising labor costs or energy prices, supply chain disruptions and…
Read More...
High interest rates fueled discontent with economy: Harvard research
Angle down icon An icon in the shape of an angle pointing down. The way we measure inflation in the housing market doesn't account for mortgage rates. Getty Images A group of economists may have figured out why there's been a disconnect between American consumer sentiment and the underlying economy.It all comes down to how…
Read More...
China’s exports jump thanks to demand from India, Russia and other emerging markets | CNN
CFOTO/Future Publishing via Getty Images
Container cranes unload containers from a cargo ship as trucks shuttle through a container yard at Longtan Container Terminal in Nanjing, Jiangsu province,…
Read More...
China’s new economic growth plan isn’t really a plan at all
The Chinese government outlined on Monday its plan to boost the country’s sluggish economic growth, but experts say it fell short of the kind of transformative strategy necessary to fix the country’s debt and consumer confidence crises.
China has enjoyed miraculous economic expansion for the past few decades, solidifying itself as a global…
Read More...
Target predicts a weak 2024 as shoppers focus on necessities | CNN Business
Shelby Knowles/Bloomberg/Getty Images
A Target store in New York.
New York…
Read More...
Did the last Budget deliver growth and cheap beer? – BBC News
By Anthony ReubenBBC Verify4 March 2024, 00:01 GMTUpdated 51 minutes agoImage source, UK Parliament/Andy BaileyChancellor Jeremy Hunt will set out his Budget on 6 March, almost a year after his first spring Budget.In the 2023 Budget, he announced measures - including on growth, inflation and childcare - which were highlighted in a government…
Read More...