As the Lunar New Year approaches, millions of Chinese citizens are taking to the roads and railways to join their families for the traditional festivities that mark the beginning of the Year of the Dragon. The travel season officially began this week, as the first trains departed from bustling urban centers like Beijing, bound for
Economy
Norway’s central bank, known as Norges Bank, recently made headlines by maintaining its policy interest rate at 4.50%, which is the highest it has been in 17 years. This decision, anticipated unanimously by analysts in a Reuters poll, comes as Norway gears up to potentially decrease borrowing costs starting in March. It’s a significant moment
In a significant development that may reshape the electric vehicle (EV) industry, Rivian, an American electric pickup and SUV manufacturer, has engaged in a strategic partnership with German automotive giant Volkswagen. Announced in November through a $5.8 billion investment, this joint venture is geared towards creating an integrated electrical infrastructure paired with advanced software technology.
The U.S. stock market was poised for a lukewarm start as trading commenced on Thursday, following a robust performance in the preceding session. Investors appeared to be in a wait-and-see mode, anticipating a range of pivotal events, including corporate earnings reports, vital economic data releases, and remarks from the political sphere. As of the opening
Japan’s long-standing goal of achieving a primary budget surplus—a feat not accomplished in decades—has been delayed yet again, illustrating the country’s ongoing fiscal challenges. This setback, revealed in an estimation presented at a recent economic council meeting, signifies a growing concern over government expenditure in a landscape characterized by rising debt and economic pressures. Originally
In the evolving landscape of global finance, currency values often react sharply to political decisions and economic forecasts. Recently, the U.S. dollar has been under pressure, hitting a fresh two-week low in response to the ambiguity surrounding President Donald Trump’s trade policies. As discussions about tariffs loom large, investors are left grappling with uncertainty, putting
The Indian government is reportedly set to slash its disinvestment and asset monetisation targets by a significant 40% for the fiscal year 2024-25, as highlighted by a recent report from The Economic Times. This measure reflects a growing uncertainty surrounding the sale of state-owned enterprises, which have encountered various challenges. Originally pegged at 500 billion
The potential ramifications of the United States’ departure from the World Health Organization (WHO) have sparked significant concern among health officials in Africa. This unprecedented move, executed by President Donald Trump shortly after beginning his second term, threatens to jeopardize the delicate equilibrium of public health initiatives across the continent. The Africa Centres for Disease
The recent actions taken by U.S. Federal Trade Commission (FTC) Chair Andrew Ferguson signal a substantial pivot in the agency’s approach to Diversity, Equity, and Inclusion (DEI) policies. This development comes after a contentious vote that reflects the prevailing ideological divisions within the agency. As Ferguson pushes to remove DEI references from FTC regulations, the
On what was a crucial trading day for Wall Street, major indexes ended lower on Friday. Investors seemed to adopt a cautious stance, weighing a blend of economic data and earnings reports amidst uncertainty about the Federal Reserve’s future monetary policy. In particular, the technology sector emerged as the primary underperformer, with heavyweight stocks, most