Economy

China’s recent decision to open an anti-subsidy probe into imported dairy products from the European Union has added fuel to the ongoing tensions between the two economic giants. This move comes on the heels of Brussels releasing a revised draft decision related to tariffs on China-made electric vehicles, further complicating trade relations between China and

The recent focus on the U.S. dollar against a basket of peers and the anticipation of a widely expected U.S. interest rate cut next month has created ripples in the foreign exchange market. Investors are closely watching for any hints regarding the size of the upcoming rate cut and its implications on various currencies. Market

Deutsche Bank economists recently stated that a rate cut by the Federal Reserve in September is highly likely, although the exact size of the reduction is still uncertain and dependent on data. They believe that the upcoming rate cut will be primarily influenced by labor market data. The bank’s current forecast is for a 25

The recent dovish shift in the monetary policy of the U.S. Federal Reserve is expected to have significant implications for the Bank of Japan’s efforts to manage a weak yen. This shift, as articulated by Fed Chair Jerome Powell at the annual symposium in Jackson Hole, Wyoming, signals a readiness to cut rates in response

The incident involving the faulty Starliner capsule from Boeing that led to two NASA astronauts being stranded on the International Space Station is nothing short of a major setback for both companies. After a series of glitches with Starliner’s propulsion system, NASA deemed it too risky for the astronauts to return home on the capsule

The paper presented by academics at a central bank research conference emphasizes the significant role that Federal Reserve holdings of mortgage bonds play in influencing the economy’s momentum. This role is crucial in how monetary policy affects various aspects of the economy. The Fed’s use of increases and contractions in its holdings of Treasury and

In recent news, the Canada Industrial Relations Board has ordered a halt to work stoppages at the country’s largest railways, Canadian National Railway (CNR) and Canadian Pacific (CPKC) Kansas City, to put an end to the unprecedented service disruption. This decision comes after Canada requested the intervention of the labor tribunal to resolve an impasse

Turkish banks are facing significant challenges as the country navigates through its economic turnaround. The Chief Executive Officer of Isbank, Hakan Aran, has warned that these challenges will persist well into the next year. The Turkish banking sector is under pressure due to tightening measures by the government to tackle soaring inflation and ensure price

Pavel Durov, the billionaire founder and CEO of the Telegram messaging app, was reportedly arrested at the Bourget airport outside Paris. The investigation that led to his arrest was said to be focused on a lack of moderators on Telegram, which allowed criminal activity to thrive on the platform. These allegations have raised concerns about

Prime Minister Keir Starmer is facing a tough challenge as he tries to fix the many deep-rooted problems facing the United Kingdom. He acknowledges that change will not happen overnight and that tough decisions need to be made to tackle issues such as overflowing prisons and long waiting lists for health services. In a speech

In a shocking turn of events, Pavel Durov, the billionaire founder and CEO of the popular messaging app Telegram, was arrested at the Bourget airport in Paris. This incident, reported by TF1 TV and BFM TV, has left many wondering about the circumstances surrounding Durov’s arrest. Telegram, known for its influence in Russia, Ukraine, and

The recent volatility in the global financial markets has caught the attention of Brazil’s central bank chief, Roberto Campos Neto. He pointed out that the market may be pricing in less room for fiscal and monetary intervention in the future. This is a significant concern as it suggests that the market expects tighter policy measures