BEIJING (Reuters) – China risks slower growth if it does not do enough to spur market competition by allowing the private sector to play a bigger role in the economy and greater two-way flow in cross-border investments, a report showed on Tuesday. FILE PHOTO: Buildings in the Central Business District (CBD) are seen lit up […]
Scores of Chinese homes are in the dark and in just a fortnight coal reserves could run out. It’s proving to be a very dangerous problem for leader Xi Jinping. China’s electricity crisis is the result of a damaging power surge. By Chairman Xi Jinping, that is. The official Communist Party line is that China’s […]
President Joe Biden blamed Senate Republicans and Minority Leader Mitch McConnell (R-Ky.) for the country’s precarious financial situation on Monday, warning that a “meteor” is headed toward the U.S. economy if the debt limit is not raised within the next two weeks, Bloomberg reports. When asked whether he could guarantee the U.S. would not reach the […]
Demand for gas is soaring as electricity producers shift away from coal. The global energy supply chain is stretched almost to breaking point and every new disruption is creating problems. This is partly the result of decarbonizing electricity production and shows how important it is that the ongoing energy transition is handled well. As we […]
Dollar firm as China Evergrande nerves resurface | WIN 98.5 Your Country | WNWN-FM | Battle Creek, MI Close For […]
House Minority Whip Steve Scalise told “Sunday Morning Futures” that Democrats are “tying the infrastructure package hostage” to the reconciliation bill and argued that linking the two “would devastate America’s economy.” On Saturday President Biden told reporters that “everybody is frustrated” after two massive pieces of legislation stalled in Congress, as well as a debt […]
Although the pandemic lit the match, the United States has been setting up this bonfire of supply chain failures for years. The government has drastically scaled back investments in manufacturing, hamstrung the postal service and engaged in petty trade wars that have made the pandemic era especially painful for consumers. Gutting the mail: The US […]
Cars drive on a road leading to Hamad International Airport in Doha, Qatar June 5, 2017. REUTERS/Stringer/Files DUBAI (Reuters) – Qatar’s economy grew 4% year-on-year in the second quarter, according to official preliminary estimates, fuelled mainly by the non-hydrocarbon sector. On a quarterly basis, however, gross domestic product (GDP) based on constant prices decreased 0.3%, […]
As the Covid-19 pandemic eases and national economies emerge from suspended animation, demand for energy, labour and transport has surged. That sudden acceleration is putting a huge strain on the just-in-time, cross-border supply chains that keep factories open and shelves stocked. From Liverpool to Los Angeles, Beijing to Berlin, the world is in the grip […]
The rally in the US Dollar Index gathered momentum last week. The index rose sharply, breaking above the key resistance level of 94. A strong surge in the Treasury yields aided the rise in the dollar index. The strength in the dollar index dragged the euro sharply lower, which tumbled below the crucial support level […]
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