Joe Biden claimed that Asian allies Japan and India‘s “xenophobic” policies towards immigrants have caused their economies to stall. Speaking at a 2024 re-election campaign fundraiser in Washington, Biden said, “One of
According to the International Energy Agency’s (IEA) oil market report for March, crude oil production of the Organisation of Petroleum Exporting Countries (OPEC) increased by 110 thousand barrels per day in March
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The US Treasury Department published the budget balance report for March. Accordingly, in the 6th month of the 2024 fiscal year, which started on October 1, 2023 and will end on September
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The World Bank published its report titled “Competition: The Missing Component of Growth?”, which includes evaluations on the economies of Latin America and the Caribbean. The report noted that the region has
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German legal expert Prof. Dr. Armin Steinbach says that the seizure of Russian assets is a ‘bullet in the foot’ for Europe, as the US will not be affected by Russian countermeasures.
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US Treasury Secretary Yellen, who is in China, warned that overcapacity production, which has increased with state-sponsored investments, will lead to imbalances in the global economy. During her visit to China, US
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International credit rating agency Moody’s affirmed the European Union’s credit rating as “A-A-A”. It kept the credit rating outlook as “stable”. Moody’s also made assessments regarding the European Union economy. It was
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Non-farm employment data was announced in the US. Accordingly, non-farm payrolls in the US increased by 303 thousand in March. Market expectations were for the number to remain at 214 thousand. Last
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Challenger, Gray & Christmas, a consulting firm that keeps a record of announced or approved layoffs, published its report for March. According to the report, the number of layoffs announced by US-based
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