The Lunar New Year, a time steeped in tradition and family reunions, is upon China once again, and with it comes the annual travel rush. As millions embark on their journeys across the vast country, they find themselves balancing the weight of economic concerns with the joyfulness of celebration. This year’s peak travel period, spanning
Economy
Norway’s central bank, known as Norges Bank, has made headlines by maintaining its policy interest rate at a formidable 4.50%, a level not seen for the past 17 years. This decision aligns with expectations set forth by financial analysts, indicating a cautious but strategic approach in the face of evolving economic conditions. As central banks
The electric vehicle (EV) market is rapidly evolving, prompting established players and new entrants to reconsider their strategies. One of the most significant developments in this space has been the joint venture between American manufacturer Rivian and German automotive titan Volkswagen. Announced last November, this $5.8 billion partnership aims to enhance the electric vehicle capabilities
As the trading day commenced on Thursday, the atmosphere surrounding U.S. stock indexes indicated a tempered opening—reflecting a brief pause from the energetic performance observed on Wall Street just a day prior. Investors appeared to be reassessing their positions with a keen eye on a whirlwind of corporate earnings reports, economic indicators, and fresh remarks
In recent years, Japan has faced escalating challenges in its pursuit of a primary budget surplus, a goal that has now been delayed for the second time, as per government forecasts released last Friday. This article delves into the complexities surrounding Japan’s budgetary ambitions, the impact of fiscal pressures stemming from political demands, and the
In recent market activities, the U.S. dollar has taken a notable downturn, reaching a two-week low amid heightened uncertainty surrounding President Donald Trump’s tariff strategies. A mix of investor apprehension and ambiguous statements from the White House has contributed to the dollar’s struggle against other major currencies. The ongoing debate regarding trade policies, particularly with
As India approaches its federal budget announcement for 2024-25, significant adjustments are anticipated regarding the disinvestment and asset monetisation targets. Recent reports indicate a potential reduction of around 40%, bringing the target down from an ambitious 500 billion rupees (approximately $6.07 billion) to potentially below 300 billion rupees ($3.47 billion). This notable revision reflects the
The recent announcement regarding the United States’ planned withdrawal from the World Health Organization (WHO) underlines a significant shift in global health dynamics, particularly for African nations that heavily rely on international support. This move, under the direction of former President Donald Trump, hints at dire consequences for health initiatives across the continent, leading public
In a significant move, the Federal Trade Commission (FTC) has recently undergone a critical shift in its approach concerning diversity, equity, and inclusion (DEI) policies. This transition is driven primarily by the new chair, Andrew Ferguson, who has now acquired the authority to dismantle DEI initiatives within the agency. This decision came to fruition against
Wall Street’s major indices experienced a downturn on Friday, illustrating that investor sentiment remains cautious amidst a blend of conflicting economic data and earnings results. This development was marked by a significant retreat in the technology sector, particularly with major players like Nvidia leading a reversal from earlier-week highs. As traders prepared for a week