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Economy
Live news: BoJ to wind down pandemic funding but keep loose monetary policy in face of
Chinese tech stocks fell on Friday, following similar slides around the world as markets reacted to interest rate decisions in the US, UK and Europe.Hong Kong’s Hang Seng index lost as much as 2.7 per cent in morning trading. The biggest…
Inflation-time shopping at the gas pump: Less gas, bigger bags of chips, lots of frozen
Gas station convenience stores typically serve as an ideal substitute to a grocery store when all that's needed is a case of water, a couple bags of chips, a carton of milk or a late-day coffee grab on the way home from work. This…
Global economy to grow by about 4% in 2022, says thinktank
The year ahead will be dominated by efforts to fight inflation along with climate change, while global economic growth will be reasonably strong and stock markets weak, according to an economic forecaster.The world starts the year with…
Why are UK fuel prices at a record high when cost of oil has fallen?
As fuel price protests block motorways in England and Wales, petrol prices have again hit a record high. That is despite a slight easing in sky-high wholesale costs for retailers, which had been blamed for the pain at the pumps. Why are…
Live news updates: Germany records first monthly trade deficit since 1991
Welcome to independence week. The big one — the celebration of 1776 and all that — kicks off across the US on Monday. But from Algeria to Venezuela, Argentina to South Sudan, disconnecting from former colonial powers is a strong theme —…
Trump, Lucid, Better, BuzzFeed round out a rough week for SPACs: Morning Brief
This article first appeared in the Morning Brief. Get the Morning Brief sent directly to your inbox every Monday to Friday by 6:30 a.m. ET. SubscribeWednesday, December 8, 2021Blank-check companies have matured, but still look like the…
How China’s new trade deal can help the US at the WTO
On New Year’s Day, a highly anticipated trade deal went into force. It’s called the Regional Comprehensive Economic Partnership (RCEP), and it combines the 10 members of the Association of Southeast Asian Nations (ASEAN) with five other…
Veteran strategist David Roche says China is set to ease monetary policy further
Monetary policy in China is set to ease as the government continues to focus on stability and the theme of "common prosperity," veteran investment strategist David Roche said on Monday.Common prosperity refers to the Chinese government's…
China’s retail sales grow by 3.9% in November — slower than expected
A customer buys zodiac decorations for the Year of the Tiger at a market in Zhangjiagang city, East China's Jiangsu province, Dec. 10, 2021.Shi Bairong | Future Publishing | Getty ImagesBEIJING — China's retail sales missed expectations…
Higher gas prices are ‘accepted’ by Americans amid travel demand, energy economist says
3 Solutions VP of Public Policy Nick Loris discusses how inflation is deeply impacting Americans ahead of the summer season. As gas prices are expected to hit a record high ahead of the Memorial Day weekend and summer season, an…