As we all know, COVID-19 has shut down many aspects of the US and global economy. Due to, among other things, funding and other relief measures from the US government, the economic downturn that many had originally anticipated has yet to materialize in the manner expected. Bankruptcy filings are downRead More →
But beyond the cynical political takes, how does the budget measure up as an economic document? And what could be the short- and long-term economic consequences of the measures the budget has triggered? First the short term. The budget forecast paints a picture of a strong economy over the nextRead More →
The Cabinet of the Union on Wednesday approved a World Bank-assisted Rs 6,062 crore financing package for small and medium enterprises to help them improve their access to market and credit. The Cabinet Committee on Economic Affairs (CCEA), chaired by Prime Minister Narendra Modi, has approved RsRead More →
Tuesday, March 29, 2022 3:11 p.m. The ripple effects on consumers from soaring energy bills have sparked a wave of economists to cut growth forecasts this year, fearing spending will be hit by a sharp drop in living standards mainly caused by historically high inflation (Photo by Spencer Platt/Getty Images)Read More →
Vice President of Nigeria, Prof. Yemi Osinbajo Vice President Yemi Osinbajo said Nigeria is committed to achieving the Sustainable Development Goals, also known as the UN’s 2030 Agenda. Furthermore, he affirmed the country’s commitment to a similar initiative of the African Union, called the AU Agenda 2063. Osinbajo described variousRead More →
The union government is seeking to accelerate the sale of public sector companies in non-strategic sectors. The Department of Public Enterprises (DPE), together with NITI Aayog, the Department of Investment and Public Assets Management (DIPAM) and the Department of Expenditure, is in the process of identifying Central Public Sector EnterprisesRead More →
The White House unveiled its 2023 budget to start the week, a document that outlines the administration’s economic agenda for the coming year. Among other proposals, the budget proposes “a new tax on American households worth more than $100 million, which would require them to pay a rate of atRead More →
Francois Ndubuisi The Sustainable Development Goals (SDGs) agenda is key to achieving strong economic cooperation among governments around the world, said Vice President Professor Yemi Osinbajo. He noted that this was particularly in achieving the decade of action for the SDGs as defined by the United Nations (UN). In aRead More →
Mon Mar 28 2022 12:00 AM Last updated on: Mon Mar 28 2022 2:29 AM Artwork: Sushmita S Preetha “> Artwork: Sushmita S Preetha The world is facing unprecedented times as countries desperately try to recover from the fallout caused by two years of Covid, followed by newly heightened geopoliticalRead More →
Prior to the latest withdrawal, the government had already allowed EPF savers to withdraw up to RM71,000 from their pension funds through three EPF withdrawal schemes, which collectively amounted to RM101 billion. – Photo by Chimon Upon KUALA LUMPUR: A rule of thumb every employee should follow is not toRead More →
New York City desperately needs infrastructure reform as the days of the COVID-19 pandemic recede. With cases down and streets open, New York City Mayor Eric Adams’ economic plan is a fast track to recovery that will benefit employed New Yorkers. Adams released an economic development plan, titled “Rebuild, Renew,Read More →
Happy Friday and welcome to On The Money, your nightly guide to everything that affects your bills, bank account, and bottom line. Subscribe here and view the full edition here. Today’s Big Deal: Americans Are Not Satisfied With President BidenJoe BidenDefense & National Security – Russia’s tenuous grip slips onRead More →
Each anniversary of the enactment of Obamacare is an opportunity to take stock of the positive impact this landmark legislation has had on Americans. The latest — the 12th anniversary of its signing on March 23, 2010 — was perhaps the most significant. There are two main reasons. The firstRead More →
Through COVID, tropical cyclones and volcanic eruptions, Australia has shown that we will stand with our Pacific family through good times and bad. The Solomon Islands will always be a valued member of our Pacific family. At the request of the Solomon Islands, Australia and other Pacific nations moved quicklyRead More →
Jakarta (ANTARA) – The Ministry of Energy and Mineral Resources has pledged to continue the mandatory biodiesel program as the product has high economic value, which reached US$4 billion in 2021. “In 2021, the economic value of implementing B30 reached over $4 billion, and it succeeded in reducing greenhouse gasRead More →
ThursdayMarch 24, 2022 / 06:00 / By News Aggregator / Header image credit: NGX Click here to read the latest updates SHARING ECONOMY Nigerians are under siege – Ordinary men are no longer reasonable men – Post MPC Notes – With the price of diesel up 167.86% to 700 NairaRead More →
SECOND LONGEST GRADUATE CYCLE: Deputy Director General of the Statistics Department Huang Wei-jie attributed last month’s production to the demand for electronic components By Lisa Wang / Staff Reporter Industrial production in Taiwan last month rose 10% year-on-year, better than expected, as component shortages eased and semiconductor companies continued toRead More →
147 governments have defaulted on their debts since 1960. If Russia does not pay its interest, creditors could lose money. But global financial markets are unlikely to be destabilized, according to the IMF. COVID-19 has worsened debt overhang, particularly in low-income countries and emerging market economies. Russia may not payRead More →
Agritech startups in India have been at the forefront of disrupting the sector and transforming it at all stages of the value chain. These include combining farm inputs with physical infrastructure for greater price certainty, engaging in predictive analytics to improve yields, enabling farm management and precision farming, eliminate inefficienciesRead More →
First, the good news: Farmers around the world are growing enough wheat to feed everyone. The bad news is that wheat is getting more and more expensive and it’s not growing where it’s needed. Since Russia announced its grain export ban last week, prices have soared again. Many countries fearRead More →
Kansas lawmakers recently approved a $1.3 billion bid for a mysterious company to build a new industrial facility in the state. They may think they have taken a step towards a better economic future, but in reality they have only started another battle – and perhaps even opened another frontRead More →
To protect the economy from the negative impact of the recent spike in crude oil prices, India is exploring the possibility of importing additional oil at reduced tariffs from Russia, which faces sanctions and a global reaction to the Ukrainian conflict. According to commodity data and analytics company Kpler, India’sRead More →
Simply put, carbon ‘insetting” focuses on doing more good rather than less harm within a value chain. Carbon insertion is the implementation of nature-based solutions such as reforestation, agroforestry, renewable energy and regenerative agriculture. Although an important tool, carbon offsetting cannot be considered a substitute for direct emission reductions byRead More →
Because Russia’s war on Ukraine could not go unpunished, the use of painful and sweeping economic sanctions is clearly justified. In the future, however, these powerful new tools will need to be subject to appropriate controls; if not, they could trigger a reversal of globalization – and the prosperity itRead More →
About 2.4 billion women of working age do not enjoy equal economic opportunity and 178 countries maintain legal barriers that prevent their full economic participation, according to the World Bank’s 2022 report on women, the company and the law. In 86 countries, women face some form of employment restriction andRead More →
Fingerprint Modules Market 2022 this report is included with the Analysis of the impact of the COVID19 epidemic key points influencing market growth. In addition, the fingerprint module market (By Major Key Players, By Types, By Applications and Major Regions) Segments Outlook, Business Assessment, Competition Scenario, Trends and Forecast throughRead More →
posted on March 16, 2022 Minister at the Ministry of Finance and Economic Affairs Ryan Straughn (GP) Barbadians need to be more productive if the economy is to grow in a post-COVID-19 environment. Yesterday, Finance and Economic Affairs Minister Ryan Straughn, in his response to the financial statement and budgetRead More →
RIYADH: Following the consequences of the Russian-Ukrainian conflict and the GCC import ban, Lebanon is keen to restore trade relations with Saudi Arabia, which in 2020 amounted to more than 200 million dollars ‘exports. The country has been stuck in an economic sandstorm that has clouded the region due toRead More →
I am confident that the 2nd Asia International Water Week can produce high quality policy recommendations and action plans that can be implemented with clear timelines that will contribute to sustainable development in Asia. Jakarta (ANTARA) – The Indonesian government is participating in tackling water issues as part of theRead More →
The recent announcement of the budget for the successful divestment of Neelanchal Ispat Nigam Ltd (NINL) plant at ₹12,100 crore relieves MMTC Ltd, a state trading company which owns 49.7% stake in NINL. MMTC can now repay its huge debts and become a debt-free company. This, after being plagued byRead More →
FFirst it was a financial crisis. Then a decade of slow growth that fueled political anger. After that came a pandemic. Just when the threat of Covid-19 seemed to recede, a European war occurred. Welcome to the era of incessant crises. Comparisons are often made between today and the 1970s,Read More →
What can a man do? If the man is Dr. David Brown, founder of the Oklahoma Public Affairs Council, the answer is “a lot.” Thanks to Dr. Brown’s vision and tenacity, many Oklahomans today enjoy greater opportunities and a better quality of life. A successful orthopedic surgeon, Dr. Brown livedRead More →
Two major events have occurred over the past few days regarding possible developments in the country’s macroeconomic fundamentals in the near future. (1) Market-based or managed floating rate: This is what private sector players are asking for. It is unclear whether the rupiah is floating, based on market forces orRead More →
At Mobile World Congress Barcelona 2022, Taiwan Industrial Development Officean agency of the Ministry of Economic Affairs that oversees the development of 5G in Taiwan, released a virtual panel featuring Metaplatformsa global leader and advocate supporting the growth of the ecosystem for open, disaggregated, standards-based technology solutions, HTC, leading innovationRead More →
Paper Straws Market 2022 This research report offers Covid-19 outbreak study accumulated to offer latest insights regarding acute characteristics of the Paper Straws market. This intelligence report includes investigations based on Current scenarios, historical records and future predictions. The report contains different market forecasts related to the market size, revenue,Read More →
We, the leaders of the Group of Seven (G7), remain committed to supporting the people and government of Ukraine as they heroically resist Russian President Vladimir Putin’s military aggression and war of choice against their sovereign nation. This unprovoked and unjustified attack is causing enormous suffering and tragic loss ofRead More →
I wrote today for Politico about the response to the economic dimension of the era of great power competition that is now clearly upon us: The new, more threatening era underscores the urgency of what should already have been priorities. We need a much larger defense budget; we need aRead More →
EDITORIAL: Finance Minister Shaukat Tarin told a scheduled press conference that the International Monetary Fund (IMF) should have no worries about the Prime Minister’s February 28 relief package – with a cut of 10 rupees per liter in fuel prices across the board, a drop of Rs 5 in theRead More →
Assembly Minority Leader Will Barclay, Senate Minority Leader Rob Ortt, Assemblyman Phil Palmesano and Senator Tom O’Mara, along with their colleagues in the Legislative Assembly and key stakeholders, called for increased funding for the Consolidated Local Streets and Highways Improvement Program (CHIPS), the Extreme Winter Recovery (EWR) program and otherRead More →
CHAPEL HILL – We strongly support the strongest possible sanctions against Russia and believe this is in Ukraine’s long-term interests and democratic values. These sanctions will create economic hardship for Europe with relatively minor impact on advanced economies outside of Europe. Accordingly, we support efforts to ease Europe’s pain […]Read More →
As part of Penn State’s land-grant mission, additional state dollars support Penn State’s agricultural research and extension, which provides agricultural education, serves rural communities, and provides research-based knowledge to help address the challenges facing the state’s agricultural industry. Since agricultural research and extension programs are not supplemented by tuition, BarronRead More →
The Economist abstract the importance of women’s empowerment last September by pointing out, in an article titled “Societies that treat women badly, are poorer and less stable”, that “[o]rushing women doesn’t just hurt women; it hurts men too. It should be noted that the empowerment of women has made considerableRead More →
AAMBIS-OWA Party List Representative Sharon Garin says there is an urgent need for a special session in Congress to address the local fuel situation, reiterating the call made by her many colleagues in the House of Representatives . Sharon Garin, chair of the House Economic Affairs Committee and representative ofRead More →
The annual “Africa Capital Markets Watch” report by multinational insurance, advisory and tax services firm PwC shows that African markets have continued a modest recovery through 2021, reflected in higher values of non-local corporate debt. corporate, sovereign and supranational raised during the year. Average issues were larger than the previousRead More →
March 8, 2022 MANILA – The Philippines will be able to weather the economic fallout from the Russian-Ukrainian war, Finance Secretary Carlos Dominquez III told President Rodrigo Duterte on Monday during the weekly taped “Talk to the People” briefing. “The Philippine economy will probably be collateral damage. It’s like we’reRead More →
When Vladimir Putin launched his war against Ukraine, he said he was doing so to “denazify” the country, challenging its right to exist. Just last week, the Russian president accused the country’s leaders, including its Jewish president Volodymyr Zelensky, of being a “gang of drug addicts and neo-Nazis”. On Monday,Read More →
Shri Piyush Goyal, Minister of Trade and Industry, Consumer Affairs, Food and Public Distribution and Textiles, said today that Indian exports should account for at least 20% of GDP. A stronger rupee, according to Shri Goyal, will benefit exporters. “If we want to be a $5 trillion economy, we willRead More →
Minister of Commerce and Industry, Consumption, Food and Public Distribution and Textiles, Shri Piyush Goyal, today said India’s export share in GDP is expected to reach at least 20 %. Shri Goyal also said that a strong rupee would be good for exports. “If we want to be aRead More →
Just before the invasion, he said there were ‘no limits’ to his friendship with Russia and the two countries signed long-term agreements to supply Russian energy and grain to China . While criticizing the sanctions imposed by the West on Russia, Chinese banks, including its state-owned banks, have been carefulRead More →
Courtesy picture Governor Mark Gordon announces a collaboration between his office and the Wyoming Legislature that will keep Wyoming at the forefront of the energy frontier. Together, the governor’s office and the Wyoming legislature will jointly fund an energy development officer, a position that will work collaboratively with businesses, policymakersRead More →
Speaker of Parliament Hanafy El-Gebaly said the articles of the two amended laws had been approved and would be put to a final vote in a later session. Ibrahim El-Heneidi, chairman of the House Legislative and Constitutional Affairs Committee, said amendments to the Law Regulating the Safety of Seagoing VesselsRead More →
Singapore announces sanctions against Russia over Ukraine invasion Singapore announces sanctions against Russia for its invasion of Ukraine, becoming one of the few Southeast Asian governments to do so. “The sovereignty, political independence and territorial integrity of all countries, large and small, must be respected,” a Foreign Ministry statement said.Read More →
The macroeconomic environment has changed significantly since Finance Minister Nirmala Sitharaman presented the Union budget and the RBI released its inflation forecast for the coming financial year. On Thursday, crude oil prices hovered around $120 a barrel for the first time in years. While prices moderated slightly thereafter, for theRead More →
Russia’s war in Ukraine is not only reshaping the strategic and political order in Europe, it is also upending long-held assumptions about the complex linkages that characterize the global economy. Millions of times a day, vast exchanges of money and goods cross land borders and oceans, creating enormous wealth, evenRead More →
What will your life be like once you enter the program of your choice? Whether your university is in the United States, Canada, or Singapore, your four-year college experience will span approximately eight semesters with three summers in between. You will most likely follow a credit system with a specifiedRead More →
India is now the fourth largest renewable energy (RE) country in the world and the fifth largest in terms of installed solar capacity. In early February, solar installations passed the 50 GW milestone, making India the fifth country to do so. In August 2021, India reached 100 GW of installedRead More →
The United Nations’ Intergovernmental Panel on Climate Change (IPCC) released the second part of its sixth assessment report on Monday. Verified and approved by 270 authors and 195 governments, it tells the world how catastrophic climate change can be for humanity. The third and final part of thisRead More →