Economic News

Xi backs Putin requesting security assurances from the West This year, the presidents of China and Russia held their second video call on Wednesday. This took place…

China's retail sales grow slower than expected According to the National Bureau of Statistics data, China's retail sales showed lower growth than anticipated in the…

China's Property Crisis Dragging the Economy Down China's economic activity slowed in the previous month because of the worsening situation in the property sector…

Google executives told workers they won't get a pay rise Google executives know their employees' concerns about increasing inflation. However, they do not plan to…

Period of Great Resignation; More Americans quit jobs Job openings in the United States reached record levels at the beginning of last month. On Wednesday, the…

Digital dollars: Will the U.S. create its virtual currency? Countries worldwide are starting to experiment with creating and designing their digital currencies.…

U.S. to declare diplomatic boycott of the Olympics in China  On Monday, the U.S. declared a diplomatic boycott of the 2022 Olympics in Beijing due to human rights…

Omicron likely to circulate longer than expected As more cases of omicron rise worldwide, experts say it’s likely that the strain will circulate for a while. On…

The world waits for vaccine makers to get ready for Omicron  As the new Covid strain, Omicron spreads worldwide, everybody has hope in the production of effective…

China’s Xi promises another billion vaccine doses for Africa China promised to deliver another 1 billion doses of vaccines to Africa. Moreover, China is encouraging…

Reshaping economy to take down pollution The National Ambient Air Quality standards indicate the condition of the environment and economic growth that the country…

India's economic recovery picks up pace as Covid cases fall This year, India's economy seems to have a strong rebound. The process resulted from the pace of…

The United States' emergency oil reserve is in the spotlight The recent increase in gasoline prices has left President Biden scrambling for solutions. The…

Chinese economy to experience stagflation A Chinese central official suggested that stagflation might affect a struggling economy from the beginning of 2022. It's…

The Biden economy faces a decline In an ABC News-Washington Post poll, 70% of Americans negatively rated the economy. Falling in November, consumer sentiment stands…

Property crackdown in China sinks economic growth China’s economy is going back to the lows witnessed in 1990. It is a price President Xi appears to be willing to…

China and India make changes on coal On Sunday, the president of COP26 said that India and China would require to explain why they insisted on changing a crucial…

Belarus Dictator to Cut Off Natural Gas Supply to Europe Alexander Lukashenko launched a new threat a day after the European Union prepared fresh sanctions against…

Fed: US economy faces risks from Chinese real estate sector  On Monday, the Federal Reserve warned that tensions in the real estate sector of China posed some risk…

World’s largest free trade deal comes into force in January The world’s largest free trade deal (excluding the U.S.) is up to come into force in January next year.…