Smoke billows from an unauthorized steel factory, foreground, on November 4, 2016 in Inner Mongolia, China. To meet China’s targets to slash emissions of carbon dioxide, authorities are pushing to shut down privately owned steel, coal, and other high-polluting factories scattered across rural areas. (Photo by Kevin Frayer/Getty Images) Developing nations will require more than …
The United States is embarking on a new chapter in its economy with the Federal Reserve raising its benchmark interest rate. In July 2023, the federal funds effective rate surpassed 5%, marking a significant shift after four decades. Economists predict that as interest rates continue to rise, financial conditions will return to a more normal …
Are you prepared? That was the question on everyone’s mind after China’s surprise announcement to reopen its borders at the end of 2022. Many people expected a surge in travelers eager to explore destinations outside of China after three years of strict “zero-Covid” policies. However, the reality is that many residents chose to stay home, …
The International Monetary Fund (IMF) has raised its growth forecast for the global economy, signaling increased positivity despite China’s slowing momentum. In its latest update to the World Economic Outlook, the IMF revised its 2023 global growth prediction to 3%, up by 0.2 percentage points from its April assessment of 2.8%. The forecast for 2024 …
Private apartments are seen against the backdrop of the Marina Bay Sands hotel and the Singapore Flyer observatory wheel in Singapore on March 23, 2022. Roslan Rahman | AFP | Getty Images Rents in prime residential areas experienced significant increases in Singapore, Lisbon, and Berlin during the first half of the year, according to a …
Tim Cook, the visionary CEO of Apple Inc., warmly greets enthusiastic customers during the grand opening of the highly anticipated Apple Saket store in the bustling city of New Delhi, India, on Thursday, April 20, 2023. Prakash Singh | Bloomberg | Getty Images India has emerged as Apple’s fifth largest market for iPhone sales in …
Skyline of lower Manhattan and One World Trade Center in New York City and the Water’s Soul sculpture on July 11, 2023, in Jersey City, New Jersey. (Photo by Gary Hershorn/Getty Images) Gary Hershorn | Corbis News | Getty Images Goldman Sachs has revised its outlook on the likelihood of a U.S. recession in the …
During the Great Recession, there was a significant shift in public discourse surrounding the economy. Throughout much of the country’s history, Americans held the belief that the future would bring greater prosperity for themselves and future generations. Despite occasional economic crises, progress was generally seen at every level of society. However, the 2008 financial crisis …
Thailand’s Pita Limjaroenrat, a potential candidate for the country’s prime minister position, may have another opportunity next week. However, his path to power is uncertain, especially if the leader of the Move Forward Party, which opposes the law prohibiting criticism of the monarchy, does not change his stance. In the first parliamentary vote on Thursday, …
Former Mozambique finance minister, Manuel Chang, has been ruled a flight risk and must remain in custody during the trial for his involvement in the “tuna bond” scandal. The scandal resulted in Mozambique’s bankruptcy and led Credit Suisse to pay substantial penalties. Despite hoping for bail after spending nearly five years in prison in South …