Economy

The prospect of Donald Trump resuming the presidency brings with it a renewed focus on his controversial tariff proposals. Analysts at Barclays have warned that the implementation of these tariffs could significantly impact the earnings of companies listed in the S&P 500. Trump’s proposals, which include a sweeping 10% to 20% tariff on foreign imports

Recent events have thrust Global Ikhwan Services and Business Holdings (GISB), a Malaysian conglomerate, back into the spotlight, highlighting a dark side to its operations. Following the rescue of hundreds of children and young adults from charity homes linked to GISB, Malaysian authorities are probing accusations of sexual abuse and exploitation of minors. This disturbing

China’s economy, often heralded as a global powerhouse, is reportedly facing significant challenges as the growth momentum appears to be faltering. Recent data indicates a concerning trend in key sectors that contribute to the nation’s GDP, including industrial production, retail sales, and housing. This slowdown has raised urgent discussions among economists and policymakers regarding the

On Friday, the U.S. dollar experienced a significant decline against the Japanese yen, marking its lowest point of the year. This downturn was largely attributed to a resurgence in media reports regarding the possibility of a substantial Federal Reserve rate cut anticipated next week. The dollar dropped 1% to 140.36 yen, reflecting investor concerns and

Shigeru Ishiba, at the age of 67, is a former defense minister and a rare Christian in a country mainly dominated by Buddhism and Shinto. He stands out from the other candidates by advocating for a shift from nuclear power to renewable energy sources such as geothermal power. Ishiba supports the idea of legislation that

It is imperative for the Bank of Japan to increase interest rates to a minimum of 1%, according to the hawkish stance taken by policymaker Naoki Tamura. Tamura’s firm belief in the necessity of pushing short-term borrowing costs to at least 1% reflects the bank’s unwavering commitment to gradual monetary tightening. This bold assertion marks

Over the past two years, the US economy has displayed remarkable resilience to steep interest rate hikes enforced by the Federal Reserve. However, the reversals of these hikes are now being questioned in terms of their potential impact on the economy during a downturn. Despite a five percentage point tightening from March 2022 to July

The Bank of Japan’s policymaker, Junko Nakagawa, recently stated that the central bank would continue to raise interest rates if inflation aligns with its forecasts. This indicates that the bank remains committed to its plan of steadily increasing borrowing costs despite the market turmoil experienced last month. However, Nakagawa also emphasized the need to consider

World Bank President Ajay Banga recently highlighted the need for the global lender to simplify its processes and work faster in a world that is facing greater polarization. After visiting 27 countries, ranging from Peru to Tuvalu, Banga expressed the importance of adapting to the changing landscape of global challenges. During his speech at the

After a week of heavy losses, Wall Street is set for a higher open on Monday. Investors are remaining optimistic about a soft landing scenario for the U.S. economy. This optimism comes ahead of a crucial inflation report later in the week. All megacap stocks rose in premarket trading, with Tesla leading the gains by