In November, the Chinese real estate market indicated signs of recovery as new home prices experienced a notable increase, reflecting an evolving landscape in one of the world’s largest economies. According to data from the China Index Academy, the average price of new homes across 100 cities rose by 0.36% from the previous month, which
Economy
The most recent report from the Institute of Directors (IoD) has sent shockwaves through the UK business landscape, revealing a significant downturn in optimism among business leaders. This decline marks a troubling return to the sentiments felt at the height of the COVID-19 pandemic. The findings suggest that the initial wave of anxiety triggered by
The re-assumption of the presidency by Donald Trump introduces a myriad of economic implications, encapsulated in what has been termed “Trump 2.0.” The analysis surrounding this transition is intricate, owing to the array of pressing factors that could shape the national economic narrative over the upcoming term. This article seeks to dissect these complexities, weighing
In a move that has sparked intense debate across the nation, the Australian government has instituted a comprehensive ban on social media usage for children under the age of 16. This unprecedented regulation, which proponents laud as a pioneering step for online safety, has also drawn criticism from tech companies and civil liberties advocates. The
The Reserve Bank of India (RBI) is navigating through a complicated economic landscape as it prepares for its monetary policy meeting scheduled for December 6. The backdrop of this meeting is characterized by significant consumer inflation, which has surpassed the RBI’s upper tolerance limit of 6%. In October, the annual retail inflation rate surged, primarily
In a move that reflects the shifting dynamics of the global economy, the Reserve Bank of New Zealand (RBNZ) announced a reduction of the cash rate by half a percentage point to 4.25%. This decision marks the third rate cut in a span of just four months, underscoring the institution’s commitment to maintaining economic stability
In an impressive turnaround, Thailand’s export sector showcased a remarkable performance in October 2024, achieving a staggering growth rate of 14.6% compared to the same month the previous year. This surge significantly outpaced analysts’ predictions of a mere 5.2% rise, according to a Reuters poll. Such performance marks the highest growth observed in the last
On a momentous Monday, U.S. President-elect Donald Trump made headlines by announcing his intention to impose heavy tariffs as part of his inaugural policy actions. Specifically, he revealed plans for a steep 25% tariff on all imports from Mexico and Canada, coupled with an additional 10% tariff targeting goods from China. These comments ignited a
The recent appointment of Scott Bessent as the U.S. Treasury Secretary by President-elect Donald Trump marks a significant development in American economic policy. This decision concludes a week of speculation and competition among high-profile candidates, shedding light on the direction Trump aims to take with crucial economic matters, regulatory reforms, and international relations. Wall Street,
The U.S. dollar has experienced notable volatility recently, giving back some of its prior gains as economic indicators and political appointments shape investor sentiment. This behavior reflects a complex interplay of market forces, rooted in the expectations about future fiscal policies and monetary actions. On a recent Monday, the dollar dropped slightly as traders reacted
The 2025 U.S. economic outlook set forth by J.P. Morgan presents a complex and intriguing analysis, especially given the recent shifts in political power. This report is not merely an exercise in forecasting; it serves as a critical examination of how current policy trajectories may influence economic performance. Central to this analysis is the notion
Scott Bessent’s journey through the intricate landscape of finance provides a compelling narrative that highlights his distinctive qualifications for possibly one of the most critical roles in the U.S. financial system—Treasury Secretary. Having garnered extensive experience by working alongside legendary figures like George Soros and Jim Chanos, Bessent’s pedigree extends beyond mere association. His track