Category: Economy News

Canada closes ports for Russian ships
Economy News

Canada Closes Ports for Russian Ships

Canada has revealed a slew of measures to isolate Russia. These include sanctions on Russian President Vladimir Putin, shutting Canadian airspace to Russian planes, prohibiting oil imports, and banning Canadian financial institutions from dealing with

Russia`s invasion increases the chance of policy mistake
Economy News

Russia`s invasion increases chance of policy mistake

Global markets were explosive on Tuesday. Oil prices skyrocketed to seven-year highs behind Russian President Vladimir Putin declared that Moscow would recognize the independence of two breakaway areas of eastern Ukraine and send troops into

Central Asia`s banks unlikely to follow Fed in raising rates
Economy News

Central Asia`s banks to follow Fed in raising rates

In a note published last week, the economists wrote that most monetary authorities in EM Asia would likely stick to their own pace and pay more awareness to domestic demand recovery with minor concerns of

China Factories Encounter Large downward Pressures
Economy News

China Factories Encounter Large downward Pressures

The industrial economy still hasn’t seen a substantial recovery because of the global epidemic, deteriorating trade growth, lack of consumer demand, and other factors, Luo Junjie told reporters. Luo said in Mandarin that on top

China Attempts to Boost Tech's Share
Economy News

China Attempts to Boost Tech’s Share

The ambition underlines China’s push to get ahead in new technology. It continues a feud with the U.S. in semiconductors to artificial intelligence areas. In a document released last week, China’s State Council, the country’s

Inflation Increases Over 7%
Economy News

Inflation Increases Over 7%

The consumer price index, a metric that estimates costs across dozens of items, rose 7%, as stated by the department’s Bureau of Labor Statistics. Every month, CPI increased 0.5%. Economists polled by Dow Jones expected

Household Inflation in Japan Hit Record high
Economy News

Household Inflation in Japan Hit Record high

The development offers some hope for the Bank of Japan’s struggle to push inflation to its 2% target. It does this by changing perceptions regarding persistent deflation with aggressive monetary easing. But analysts doubt whether

Economy News

Apple Sets Foxconn’s India Plant on Notice

Apple (NASDAQ: AAPL) did not define what probation meant. When it positioned the southern India plant of another supplier, Wistron Corp, on probation behind the unrest last year, it said it would not grant that

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