China is facing the prospect of further G7 sanctions. The G7 has accused it of helping arm Russia against Ukraine. Balancing its support for Russia with its European trading ties is becoming tricky for China. NATO Secretary General Jens Stoltenberg this week warned China it faces a stark choice if it continues backing Russia’s Ukraine […]
Curam, the Science Foundation Ireland (SFI) research centre for medical devices based at the University of Galway, launched an economic report that puts its value to the Irish economy at €756 million, building on 10 years of public investment. Curam was established in 2015 with an initial commitment of Government investment of €64.8 million through […]
mathisworks/Getty Images The US is heading into a bankruptcy cycle that could spark more job losses, Danielle DiMartino Booth said. The veteran forecaster pointed to the rise in large bankruptcies so far this year. June could see a rise in large bankruptcies, raising unemployment, she predicted. A wave of large bankruptcies is about to hit […]
Ukraine’s Economic Importance Amidst War with Russia At the time of writing, Russian tanks are storming into Ukraine from several directions while cruise missiles bombard the country’s cities and military installations. This full-on invasion, which began the morning of 24 February, has been long in the making. Its orchestrator, Russian President Vladimir Putin, began building […]
LaBELLE, Fla. (AP) — One of Florida’s poorest counties is preparing for the new “Airglades” airport, a $300 million cargo hub that could transform its economy. Local leaders see the project as a generational opportunity, one that could bring more than 1,400 new, high-skilled jobs to their largely agricultural community at the edge of the […]
Wall Street has been puzzling over the U.S. economy’s continued resilience in the face of aggressive rate hikes from the Federal Reserve, with some still expecting a recession soon. But Neuberger Berman senior portfolio manager Steve Eisman is bullish on financial markets and thinks the answer is clear: the doomsayers are wrong as the artificial […]
A woman holds money in her hand in front of a full shopping basket of groceries. Patrick Pleul/dpa Forecasters at the Berlin-based DIW economic research institute have raised their growth outlook for Germany, with rising private consumption accounting for the upturn. Growth in Europe’s biggest economy is now expected to be 0.3% for this year, […]
Good morning! Despite entering the corporate lexicon nearly two years ago, the trend of “quiet quitting,” or choosing not to go above and beyond at work, is still in full swing. Around 62% of employees globally are not engaged at work, meaning they are doing the minimum required, and detached from their job, according to […]
BANGKOK (AP) — Myanmar, once a thriving emerging economy, is struggling to regain momentum as the country’s civil war increasingly disrupts trade and livelihoods. World Bank economists estimate the country’s economy grew at a 1% annual pace in the year that ended in March, more slowly than earlier expected, according to a report i ssued […]
A version of this story first appeared in CNN Business’ Before the Bell newsletter. Not a subscriber? You can sign up right here. You can listen to an audio version of the newsletter by clicking the same link. Wall Street is being dealt a rare double feature of economic news on Wednesday, when an inflation […]
Gold futures (GC=F) have had a record run in 2024, hitting an all-time high in late May. It’s been a rally for commodities overall as copper prices (HG=F) moved to a record high in this same timeframe. Barrick Gold (GOLD) CEO Mark Bristow comments on the trends in the commodities trade that have been pushing […]
WASHINGTON (AP) — On the campaign trail, President Joe Biden likes to take a hard thwack at corporate America. The Democrat tells voters that companies should pay more in taxes and he blames many businesses for fueling higher prices by stoking “greedflation” and “shrinkflation.” But for the past several months, top Biden administration officials have […]