China once again showed its confidence in Taiwan when its 30 fighter jets made incursions into the island nation’s Air Defense Identification Zone, or ADIZ, on Monday as the US Congressional delegation was in surprise visit to Taiwan. A US delegation led by Sen. Tammy Duckworth, a Democrat from Illinois,Read More →
Economic Affairs Secretary Ajay Seth said the government is ready with its consultation paper on cryptocurrencies. He was speaking to reporters on the sidelines of an event on Monday, Reuters reported. He added that inflation in India is expected to moderate in the coming months. Seth said a global consensusRead More →
Saudi Arabia allows Israeli businessmen to enter the country with their Israeli passports after receiving a special visa, sources familiar with the matter told ‘Globes’. For the most part, it is representatives and executives of Israeli technology companies who are invited to visit by the Saudis. This is aRead More →
New Delhi: India’s economic recovery from the pandemic shock has been sustained in FY22 and the momentum is expected to continue broadly through the current FY23, but with downside risks from the shock geopolitics and its fallout, said the RBI’s annual report for 2021-22 released on Friday. Despite the risks,Read More →
Facebook Twitter LinkedIn pinterest Reddit E-mail To print Iranian man holding a sign that reads: “If it weren’t for the high prices, people wouldn’t be here.” The recent nationwide protests against the rising prices of products such as bread, cooking oil, eggs and pasta began in Khuzestan province (southwestern Iran)Read More →
Penny Wong, Australia’s new foreign minister, has made a quick trip to the Pacific Islands region in her first week in office. Wong’s intentions appear to be twofold: to counterbalance Chinese Foreign Minister Wang Yi’s eight-nation Pacific tour, also this week, and to prove to the region – from theRead More →
Thursday, May 26, 2022 11:06 a.m. Airport slots were at the center of a furious row between incumbent and low-cost carriers earlier this year. The end of airport slot allocation will lead to lower fares, according to a document released today. The Institute of Economic Affairs (IEA) argued that theRead More →
During a group discussion of the third session of the 15th National Assembly. (Photo: VNA) Hanoi (VNA) – President Nguyen Xuan Phuc said in a group discussion on May 25 during the third session of the 15th National Assembly that the implementation of economic recovery plans and public investment shouldRead More →
It will slow hiring, cut budgets for some of its divisions, grant new stock options to some employees to offset share price erosion, and join the competition. Chairman John Zimmer announced the measures Tuesday in a memo to staff. Mr. Zimmer wrote in an internal memo seen by The WallRead More →
/cloudfront-us-east-2.images.arcpublishing.com/reuters/7DCGUP7ITZOJPE2BX4IOGVQI4E.jpg)
Indian retirees are feeling the pinch of inflation Some seniors postpone their retirement Savings rates have fallen as people withdraw more money Government pledges to help, but state pensions are tiny NEW DELHI, May 25 (Reuters) – TL Wali, a 66-year-old barrister at the Delhi High Court, was looking forwardRead More →
The Russian ruble continued its upward trend against the dollar to become the best performing currency in the world. On Monday, the ruble gained 2.5% in value at 0754 GMT to hit its highest level in more than four years. The main reasons for these gains are the conversion ofRead More →
Economic activity in the United States slowed more than expected in May amid heightened price pressures, slower shipments from suppliers and softer demand, the results of two closely watched surveys showed. A preliminary reading for S&P GlobalThe services-sector purchasing managers’ index came in at 53.5, down from 55.6 in AprilRead More →
ISLAMABAD: Pakistan’s conventional foreign funding lines remained largely dry in April 2022 as it received barely a quarter of a billion dollars in external loans from bilateral and multilateral lenders, bringing total loans to 15.5 billion. dollars for the current fiscal year. Disbursement of loans by multilateral creditors came toRead More →
Nigeria’s declining economy has been a growing concern over the years as it has been hit with numerous lows across all sectors. Ahead of the 2023 general election, agitation for a visionary leader is steadily building at the polls But the main questions on the lips of economic experts remain;Read More →
Behind the counter of F.lli Gondola, a café-bar and pastry shop in Frattamaggiore, owner Salvatore Gondola keeps a photo of Italian footballer Lorenzo Insigne. Insigne, who grew up in this small town north of Naples, and his fellow Azzurri players captured the hearts of the nation when they won theRead More →
The government plans to implement a targeted fuel subsidy mechanism instead of the block subsidy currently enjoyed by Malaysians regardless of their socio-economic status. This is apparently necessary to cushion the impact of soaring crude oil prices for low-income citizens, according to Minister of International Trade and Industry Mohamed AzminRead More →
Helsinki: Finland’s state-owned gas company Gasum said imports of liquefied natural gas (LNG) to Finland from Russia’s Gazprom Export would end on Saturday morning. Gazprom Export has informed Gasum that natural gas supply to Finland under Gasum’s supply contract will be interrupted at 7 a.m. on Saturday (May 21, 2022),Read More →
ISLAMABAD — Federal Finance and Revenue Minister Miftah Ismail said on Friday he expects the country’s economic situation to turn around very quickly. “The current account deficit for April was $623 million, less than half the average for the first 9 months of the fiscal year. This is a veryRead More →
After two years of booming tech and media business, industries are now facing a wave of cost-cutting measures such as layoffs and shutdowns that signal a focus on profitability but could damage corporate reputations. to potential employees in an already tight labor market. The market may be pushing companies toRead More →
Transparency International Bangladesh today (20 May 2022) called on the government to form an independent ‘economic strategy advisory committee’ to advise on ways to address potential global economic fallout and ensure continuation of the commendable economic performance achieved until now. The call comes against the backdrop of the looming globalRead More →
By Adedapo Adesanya It was not a good outing for the crude oil market on Thursday as prices fell as concerns over weaker economic growth offset expectations that crude demand could rebound in China. During the session, Brent crude fell 0.7% or 36 cents to $111.68 a barrel while USRead More →
By He Jun* New variables inside and outside China in 2022 have placed the country’s economy under further pressure. In the first quarter, its economic growth rate was only 4.8%, 0.7 percentage points below the annual economic growth target of 5.5%, indicating that it will face challenges in stabilizing economicRead More →
RIYADH: A Saudi Foreign Ministry official confirmed on Wednesday that the Kingdom has taken crucial steps to boost food security, come up with strategies to promote food growth and deal with climate change and water scarcity. Waleed Al-Khuraiji, Saudi Deputy Foreign Minister, said the measures have helped improve food securityRead More →
Niti Aayog has proposed relaxation of building laws to boost land availability and direct benefit transfer schemes such as rental housing vouchers for economically weaker sections as it aims to harness the economic potential of all cities, big or small, through planned urbanization. “As India transitions from a largely ruralRead More →
Soaring commodity prices have become a major problem in many countries. When the poor readjust their monthly budget to meet this rising price, shortages occur quite often. Even in Bangladesh, the queues for TCB trucks (Government Subsidized Outlets) are getting bigger every day. The problem became more serious in theRead More →
Dakar, Senegal, 16th May, 2022 (ECA) – Amadou Hott, Senegalese Minister of Finance, says Africa had to go through the COVID-19 crisis to realize the importance of investing in strong health systems and societies pharmaceutical companies capable of producing drugs locally. He was speaking during a panel discussion on “theRead More →
Under the Energy Efficiency Fund (E2F), the National Environment Agency of Singapore has increased its to agree for energy-efficient technologies up to 20% starting last month, the maximum supported increased from 50% to 70% of eligible expenditure per project. This reduces the barriers for industrial companies, including SMEs, to adoptRead More →
Breadcrumb Links PMN Company Author of the article: Bloomberg News Michelle Jamrisko, Siegfrid Alegado and Andreo Calonzo Content of the article (Bloomberg) — After his landslide victory in the presidential election, Filipino Ferdinand “Bongbong” Marcos Jr. now faces soaring inflation and limited revenue to meet his ambitious infrastructure goals. SeveralRead More →
Facebook Twitter LinkedIn pinterest Reddit E-mail To print Iranian regime President Ebrahim Raisi surrounded by his supporters in Kermanshah Protests in various Iranian cities entered their seventh day on Tuesday. With anti-regime slogans, these protests are the broadest manifestation of an unstable society. But what are the origins of theseRead More →
The ATO has revised its list of activities subject to scrutiny, ahead of Tax Time 2022. Fiscal or economic performance not comparable to similar companies is among a range of behaviors that will raise red flags, the ATO said in a revised list of what grabs attention. The ATO saidRead More →
There is more water than land in “Sunset Country,” the provincial riding of Kenora—Rainy River that surrounds Lake of the Woods and covers most of Treaty 3 territory, stretching eastward. east to Ignace, Ontario. The economy that has relied on forestry for a century is pivoting to grow other industriesRead More →
The saga, which began in October 2020, could finally provide clarity on how virtual assets are considered in Chinese law China is apparently heading towards wider adoption of crypto, as a ruling by the Shanghai People’s High Court in China declared Bitcoin a protected virtual asset. Bitcoin, the ruling pointsRead More →
The rise of the Omicron variant of COVID-19 has put short-term downward pressure on China’s economy since March, but the economy’s strong long-term fundamentals will not change, a senior official said. from the National Bureau of Statistics (NBS) said. China’s economy is off to a steady start this year, withRead More →
The global community is currently mired in three crises: the impacts of the COVID-19 pandemic, the rising cost of sovereign debt, as well as an alarming increase in the prices of food, fuel and other essentials. The United Nations Conference on Trade and Development (UNCTAD) has attempted to quantify theRead More →
ANALYSIS: New Zealand’s political economy currently appears to be in a state of disconnect. All the big economic numbers that governments traditionally use to tell stories are searing: the unemployment rate is very low, at 3.2%. Annual GDP growth is high at 5.6%. wage growth of 3% is at itsRead More →
AfDB hints at providing $2.5bn loan to cash-strapped Pakistan Asian development Bank (ADB) said it will provide $2.5 billion in additional loans to Pakistan, including $1.5 billion before the end of this year, to help the cash-strapped country which urgently needs foreign aid due to the depletion of its foreignRead More →
The reduction in fuel prices at the pump is a manifestation of government and stakeholder engagement in concerted efforts to revamp the economy through austerity measures as enshrined in the NPDs and HPPs. We commend the government for this positive development, as the reduction was made possible by the soundRead More →
Indiana Public Media News { “banners”: { “tv”: [ {“url” : “https://indianapublicmedia.secureallegiance.com/wtiu/WebModule/Donate.aspx?P=TIUEARTH2B&PAGETYPE=PLG&CHECK=ohRaEfrlFYXLSHkWocD7Kb1YhDw50SikSh2nq0qouhg%3d”, “img” : “https://indianapublicmedia.org/images/banner-images/4-22-22-wtiu-earth-day-bnr.jpg”, “startingDate” : “1650600000000”, “endingDate” : “1650686340000”} , {“url” : “https://indianapublicmedia.secureallegiance.com/wtiu/WebModule/Donate.aspx?P=WTIUMCBNR&PAGETYPE=PLG&CHECK=2T6mTyo6yYuMn%2bAFYFwp%2bq1gzMC6uhq5nDjkJobrCdg%3d”, “img” : “https://indianapublicmedia.org/images/banner-images/2-28-22-to-3-2-22-and-3-10-22-to-3-11-22-wtiu-webbnr.jpg”, “startingDate” : “1646024400000”, “endingDate” : “1646283540000”} , {“url” : “https://indianapublicmedia.secureallegiance.com/wtiu/WebModule/Donate.aspx?P=WTIUMCBNR&PAGETYPE=PLG&CHECK=2T6mTyo6yYuMn%2bAFYFwp%2bq1gzMC6uhq5nDjkJobrCdg%3d”, “img” : “https://indianapublicmedia.org/images/banner-images/2-28-22-to-3-2-22-and-3-10-22-to-3-11-22-wtiu-webbnr.jpg”, “startingDate” : “1646888400000”, “endingDate” : “1647061140000”} , {“url” :Read More →
China’s controversial cryptocurrency landscape has taken a new turn after the People’s High Court in Shanghai ruled that Bitcoin has “certain economic value” and is a virtual asset protected by the country’s laws. In a notice published by the court on the WeChat messaging platform, Bitcoin has certain economic valueRead More →
Four electric utility companies are demanding huge increases in electricity rates due to what they say are debt constraints caused by microeconomic indicators such as rising inflation and falling exchange rate over a three-year period, which significantly affected their operations. The operators, namely the Volta River Authority (VRA), Ghana GridRead More →
Rather than a country on the verge of greatness, China is currently the largest nation in the world. Every region of the planet was penetrated by China peacefully and without interfering in the affairs of states, the Chinese did not fall in their advance or establish subordinate governments and didRead More →
KUALA LUMPUR (May 11): Felda-owned FIC Properties Sdn Bhd (FICP) unit has exercised its put option to sell a 37% stake in loss-making PT Eagle High Plantation Tbk back to Rajawali Group . The option involves either PT Rajawali Capital International or PT Rajawali Corpora to buy out the 37%Read More →
Either way, after getting so wrong at the start of the cost of living crisis, the Bank of England may once again misjudge the outlook we find ourselves in. The error this time around has less to do with inflation and more with the focus on the economy’s downside potential.Read More →
Wednesday, May 11, 2022 by Chad Swiatecki Austin City Limits music festival released the results of its annual local economic impact study on Tuesday, the same day it announced the lineup for this year’s two-weekend event at Zilker Park. every October. The study, conducted by AngelouEconomics, estimated the economic impactRead More →
Moscow plans to take over factories and other businesses, as it would be better for the Russian economy, as “the current economic market system is not adapted to the needs of our armed forces”. Russian military expert Konstantin Sivkov has announced a new plan to transform Russia’s economy into aRead More →
A new analysis of public finances across the country indicates that revenues have been much higher than expected over the past year due to rising inflation and economic growth. Desjardins’ analysis found spending was more mixed, but pandemic-related spending was generally lower than expected. As a result, according to theRead More →
Right now everyone gets the discount when they pay for their fuel. / on There are fears that major oil companies will raise prices to make up for the discount, so authorities are looking for ways to ensure those who need it most don’t miss out. On April 1, theRead More →
Despite worries about the economy, more than half of small businesses in central Massachusetts planned to increase hiring in 2022, according to a recent survey by Leominster-based Fidelity Bank. Fidelity Bank’s annual economic outlook survey of consumers and businesses found that 55% of businesses surveyed said they would increase investmentRead More →
China In-Focus — Shares of the Asian Giant Rise; Shandong port trader secures rare Russian oil deal; Toyota’s revenue slips BEIJING (Reuters) – Chinese stocks rose on Wednesday as investors were reassured by signs of a decline in domestic COVID-19 infections, while U.S. President Joe Biden’s decision to consider eliminatingRead More →
“Sri Lankan families don’t even have gas cylinders, so they can cook and put food on the table,” he said. “Inflation is heading towards 30%, which puts all the talk about the cost of living and interest rates into perspective.” Sri Lanka is on the verge of bankruptcy and peopleRead More →
The events unfolding in Sri Lanka in recent times have put its neighbors like India and its friends like Japan in trouble. For India, Sri Lanka is its immediate neighbor and any instability in the country is likely to affect it directly, especially in the south of the country. SriRead More →
Boakye Kyeremateng Agyarko Mr. Boakye Kyeremateng Agyarko, former Minister of Energy, encouraged young people to seek sequential mentorship to identify their career paths and take on leadership responsibilities. Young people should work with older people to learn best practices and modern leadership skills, he said. Mr. Agyarko said this duringRead More →
It seems that some mainstream media are realizing that economic carnage is looming. He is. Most commentators failed to understand the magnitude of Grant Robertson’s lifting of the debt ceiling last week. Taking Crown assets like the NZ Super Fund and liabilities like debt held by Kainga Ora, Grant wasRead More →
Verizon, the US-based telecom operator, said fifth-generation or 5G private networks would bring economic benefits to Indian companies, and space-based broadband delivery through a low-Earth-orbit satellite system (LEO) could be a game-changer for the economy. “This is an opportunity to bring these new technologies (5G private networks) to markets likeRead More →
Oith Prime Minister Shehbaz Sharif now in the saddle, the question is: how will Shehbaz’s government manage the economy? How, if at all, will Shehbaz’s economic management be better than that of Imran Khan? The one-year extension of the IMF program and the increase in the amount of loans toRead More →
Amazon plans to build five more data centers in rural Oregon at an estimated cost of $11.8 billion, according to documents filed in Morrow County last week. The project would more than double the footprint of the cloud colossus’ data center in the county. Amazon, home of AWS as wellRead More →
He added that the Egyptian economy is more resilient in the face of international challenges and has the ability to positively and flexibly cope with internal and external shocks thanks to the economic reform program. “The Egyptian economy has been able to absorb the impacts of the coronavirus pandemic, andRead More →
By Josef Kefas Sheehama. The reduction in fuel prices is a manifestation of the concerted efforts of the government and stakeholders to revamp the economy through various measures aimed at improving the purchasing power of consumers. We applaud the government for this positive development. Fuel pump prices have had anRead More →
Breadcrumb Links Energy Columnists Business “Rising oil prices remain great news for this city, whose name is virtually synonymous with mineral fuel” Publication date : May 06, 2022 • 13 hours ago • 4 minute read • 19 comments A pump jack works at the head of a well onRead More →
Various European countries are looking for alternatives to limit their dependence on Russian gas supplies. However, some EU countries believe they are not ready for the Russian gas embargo as it would harm their energy security. On Friday, Austrian Minister for Digital and Economic Affairs Margarete Schrambock said a RussianRead More →
Hit or miss Trade issues have not had much of an impact in the Australian election campaign, unsurprisingly overshadowed by the Solomon Islands in the foreign affairs debate and now rising interest rates in the domestic debate. The Labor opposition stepped up the rhetoric at its campaign launch on SundayRead More →
In the United States, the Federal Reserve raised interest rates 0.5pc to 1pc Wednesday. Markets anticipate further increases of more than 2 percentage points this year and further increases next year as well. But while the Fed has shown it can at least reduce quantitative easing and raise rates ifRead More →
Strong points UNICEF India has prepared this brief on the Union Budget 2022-23 from a child rights perspective through its in-house social policy specialists as well as consulting with experts in the field through through a webinar held on 1 March 2022 with the participation of Ministry of Women andRead More →
IranSource May 3, 2022 • 3:38 p.m. ET Sanctions on Iran raise doubts about success of economic pressure on Russia By Ebad Ebadi On February 24, Russia attacked Ukraine, bombing several towns and killing soldiers and civilians. Russia’s attack plunged Europe into one of its most serious security crises sinceRead More →
He said Ghana is at a crossroads and the need to institute major corrective measures cannot be overstated, adding that there is no shortage of solutions to our problems. It is the government’s indolence and greedy affinity for a cosmetic approach to governance that has brought the country to thisRead More →
Warsaw, Poland – Speaker Nancy Pelosi released this statement after Congress DThe delegation concluded its visit to Poland and Ukraine: “Today in Warsaw, our Congress delegation had the honor to meet with President Andrzej Duda and express our thanks for the generosity and hospitality offered by the Polish people toRead More →
Overcoming the current external solvency challenge is reminiscent of the situation in 2018 in Pakistan. The need to tap into friendly countries to shore up reserves, find oil on deferred payments, new international commercial borrowing, a rush to roll over bilateral and commercial bank maturities, and a push for theRead More →
‘The problems accumulated in the past have now exploded “The time has come to put the house in order” “The dismal fiscal sector has caused imbalances in the macro-economy” “Engagement with the IMF, a starting point in the implementation of critical reforms” by Sanath Nanayakkare The Ministry of Finance (MOF)Read More →
Stephen Yakubu Upper East Regional Minister Stephen Yakubu said the poor attitude towards work, especially those in the public sector, has been the bane of sustainable economic development in the region. He said “delays, absenteeism and bureaucracy” on the part of workers have led to little to harness the potentialRead More →
A Sri Lankan delegation, led by Hon. Finance Minister Ali Sabry participated in the 2022 Spring Meetings of the International Monetary Fund (IMF) and the World Bank Group held in Washington DC from April 18-22, 2022. The delegation had meetings with several international financial institutions (IFIs), including the IMF andRead More →
Mumbai: A recent drop in the prices of high-value non-fungible tokens (NFTs), coupled with the ambiguity of the recently established tax framework, will lead to tax scrutiny for Indian investors in the coming months, as asset valuation standards for digital assets remain unclear. , according to tax experts. The taxmanRead More →