Tag: World economy
China's economy didn't bounce back in the second quarter, China Beige Book survey finds
"While most high-profile lockdowns were relaxed in May, June data do not show the powerhouse bounce-back most expected," according to a report released Tuesday.
G-7's infrastructure plan offers an alternative to China's Belt and Road Initiative in a 'deliberate way'
The Group of 7 announced a new infrastructure funding program for developing nations that could rival China's Belt and Road Initiative.
Total shutdown of Russian gas pipelines to Europe 'is not inconceivable'
As pressure mounts on Russia, Europe is facing "a very tight situation," says Jeffrey Schott analyst at the Peterson Institute for International Economics.
China cuts quarantine time for international travelers in big step toward easing Covid controls
Overseas travelers now only need to quarantine at a centralized facility for seven days upon arrival in mainland China, followed by three days at home.
European stocks log best session in more than 3 months; tech shares gain 3.8%
European stocks closed sharply higher on Friday to end a volatile week, as investors assessed inflation and fears of a possible economic recession.
The No. 1 city in the world to travel and work remotely is in the US—and it isn't New York or LA
Americans don't need a passport to get to the No. 1 spot for a working vacation, according to a recent analysis from Icelandair.
Jordan's king says he would support a Middle East version of NATO
The kingdom works actively with NATO and sees itself as a partner of the alliance.
Russia's ruble hit its strongest level in 7 years despite massive sanctions. Here's why
The ruble has actually gotten so strong that Russia's central bank is trying to weaken it, fearing that this will make their exports less competitive.
Moscow and NATO could be about to clash over Russia's European exclave Kaliningrad
A new front in tensions between Russia and NATO has opened up. This time, it's over the small exclave of Kaliningrad.
European markets set for lower open as investors reflect on economic uncertainty
European stocks are expected to open lower on Monday after a tumultuous trading week last week.
Dubai’s famous boozy brunches get a reboot as Saturday becomes the new Friday
After two years of Covid-19 frustration, the emirate’s famous weekend feasts are back with a bang in a new weekend slot — much to the relief of frazzled city dwellers.
Powell vows that the Fed is 'acutely focused' on bringing down inflation
Federal Reserve Chairman Jerome Powell on Friday reiterated the central bank's commitment to bringing down inflation.
Jeremy Siegel says 100 basis point rate hike is 'medicine to stop this inflation'
Wharton's Jeremy Siegel is calling for a 100 basis point rate hike, and says markets may be "close to the bottom."
China's economic numbers come in better than expected, but 'difficulties and challenges' remain
China released economic data for May that topped muted expectations for a month hampered by Covid controls.
European stocks fall further as investors assess recession risk; Atos down 24%
European stocks were choppy on Tuesday after sharp declines in global markets to start the week.