The Lunar New Year is a time of year when families across China come together to celebrate tradition, and this year’s travel rush poignantly underscores the complex emotions of the moment. With millions setting out on journeys to reunite with relatives, the festive spirit remains vibrant despite the economic clouds overhead. The confluence of hope,
Economy
On Thursday, Norway’s central bank made a cautious decision to maintain its policy interest rate at 4.50%, a level that has not been seen in 17 years. The move was expected, as indicated by a Reuters poll of financial analysts who unanimously anticipated the outcome. This steadfast approach comes in light of the prevailing economic
The electric vehicle (EV) industry is undergoing a transformative shift marked by collaborations aimed at fortifying technological advancements and enhancing production efficiency. A notable partnership has emerged between U.S.-based electric pickup and SUV manufacturer Rivian and German automotive giant Volkswagen. This joint venture, which emerged from a substantial investment from Volkswagen totaling $5.8 billion, is
On a notable Thursday morning, U.S. stock indices appeared set to open with restrained energy. This comes on the heels of a significant rally on Wall Street the day before, when bullish investor sentiment led to remarkable gains. Investors are now taking a step back, reflecting on the deluge of corporate earnings reports, mixed economic
Japan’s announcement to delay its goal of achieving a primary budget surplus until fiscal year 2026 has raised significant concerns regarding the nation’s fiscal health and economic strategy. Initially striving for this surplus milestone by fiscal 2025, the current government presentation has revealed not only a pushback of that deadline but also a stark transition
Financial markets often react sharply to political statements, and recent comments from former President Donald Trump regarding tariffs have created a notable ripple effect. The U.S. dollar finds itself in a precarious position, marked by fluctuations and uncertainty. As President Trump alluded to potential tariffs against imports from China, Mexico, and Canada, the implications for
As India prepares for its 2024-25 federal budget, significant revisions are expected in its disinvestment and asset monetization targets. Reports indicate that the government may slash these targets by a striking 40%, which reflects deeper issues within the current economic framework and the operational challenges faced by state-owned enterprises. This anticipated shift signals a cautious
The recent decision by the United States to withdraw from the World Health Organization (WHO) has triggered significant apprehension within the African health community. This move, executed through an executive order by President Donald Trump shortly after his second-term inauguration, raises pressing questions about the future of health initiatives funded by WHO across the continent.
The recent developments at the U.S. Federal Trade Commission (FTC) mark a significant pivot in the agency’s approach to diversity, equity, and inclusion (DEI). Lead by Chair Andrew Ferguson, the FTC is poised to eliminate DEI initiatives following a request for expanded authority consistent with the Trump administration’s executive order against such policies in the
As Friday’s market session closed, Wall Street’s major indexes reported losses amidst a backdrop of mixed economic indicators and corporate earnings. Investors appeared to exercise caution, unsure of how to react to the latest data that painted an ambivalent picture of the current economic landscape. As the week wore on, the technology sector emerged as