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Sanctions against Russia are not backfiring | Letters

Simon Jenkins (The rouble is soaring and Putin is stronger than ever – our sanctions have backfired, 29 July) writes that sanctions “are meant to intimidate peoples into restraining their princes”. Throughout his piece he puts forward this very instrumentalist view of sanctions, but says not a word about the ethical component. If you learned […]

Congress Needs To Reverse Course To Improve The Economy

Businessman struggling to move data arrow upwards getty Recession talk has dominated the news lately with an endless supply of pundits debating whether the United Sates is in a recession. It’s good to have that debate, but virtually everyone seems to have forgotten the incredibly abnormal circumstances fueling the dispute. That’s not to say that […]

Tax relief may squeeze economic development bill

BOSTON (SHNS) – With just a handful of hours left to strike agreements and pass them, a House leader told the News Service that “the whole fiscal picture” is now being reconsidered as talks continue around a massive economic development and tax reform bill that’s been complicated by the realization that an existing law could […]

Greenback May Have Topped; US NFP This Week

Fundamental Forecast for the US Dollar: Neutral The July Federal Reserve meeting changed the trajectory for the US Dollar for the rest of 2022. US jobs data due at the end of the week are expected to remain strong, though the US unemployment rate may have stopped falling amid the Fed’s rate hikes. According to […]

The busiest economic week of the summer is over: Here’s everything we learned

The impact of these past seven days will reverberate for the next several weeks around the abandoned halls of Wall Street and Washington DC as politicos and investors retreat to the Hamptons or Martha’s Vineyard or wherever they summer. Are we in a recession? It’s hard to say, but hopefully by September the knowledge we gleaned […]

Integration along the North–South Axis: Opportunities for Coupling

China, India, Vietnam and a number of Asian and Pacific countries are already gearing up for the 7th Eastern Economic Forum scheduled to take place on 5–8 September in Vladivostok, Far East. With the emerging new economic order and the United States and European Union’s sanctions on Russia for its “special military operation” in the […]

Democrat’s economic package poised for passage but still faces obstacles

WASHINGTON (AP) — It’s been more than a year in the making and has seen plenty of ups and downs. Now, a Democratic economic package focused on climate and health care faces hurdles but seems headed toward party-line passage by Congress next month. Approval would let President Joe Biden and his party claim a triumph […]

Will India face economic problem like Sri Lanka, Pakistan? See Raghuram Rajan’s reply

India’s neighbour, both Pakistan and Sri Lanka are witnessing their worst economic crisis at present. It is India that has come forward and helped Sri Lanka in quick economic recovery. In fact, India has given unprecedented support of $3.8 billion this year to cash-starved Sri Lanka. Whereas Pakistan is planning to sell shares of government-owned […]

Pakistani Rupee to US Dollar on July 30, 2022

KARACHI: Following are the rates of buying and selling of one US dollar (USD) in Pakistani Rupee (PKR) in the open market on July 30, 2022: Buying: Rs 243.00 to the US Dollar Selling: Rs 247.00 to the US Dollar The buying rate means an exchange company or a bank buys foreign currency from a customer. The selling rate means an exchange company or […]

Top economic takeaways as US wrangles with recession fears | Inflation News

Back-to-back GDP slowdown, Fed doubling down, a cooling jobs market, red-hot prices and tech’s big bang, here are the main economic highlights from a busy week. It was an eventful, data-packed week for the US economy. The Federal Reserve, the country’s central bank, raised interest rates by 75 basis points on Wednesday, the second time […]