Inflation is on track to be cut in half by the end of 2023, according to British Finance Minister Jeremy Hunt, who also pledged to concentrate on the aim as he outlined his top priorities in advance of the return to session of parliament after the summer recess. By the end of the year, the … Read more
As the phrase goes, insanity is doing the same thing repeatedly and expecting a different outcome. A new strategy is urgently needed because Latin America and the Caribbean (LAC) is now expected to grow at just 1.9 percent this year and 2.2 percent next year, the lowest growth rates of any developing area outside of … Read more
Reuters, September 1 – The dispute over the European Central Bank’s September rate decision was not resolved by inflation data, and investors saw a less hawkish posture by ratesetter Isabel Schnabel, which contributed to a weekly decline in the yields on euro zone government bonds. Before U.S. job numbers, which could give the market a … Read more
The highly anticipated U.S. nonfarm payrolls finally decline on Friday, marking the beginning of a new month, along with a flurry of manufacturing data, capping up a week of conflicting economic news that also featured a positive surprise from China. The Federal Reserve is searching for additional signs of cooling, but not too much cooling, … Read more
Although Americans spent more money on goods and services in July than they had in the previous six months, predictions that the Federal Reserve would leave interest rates steady next month were solidified by monthly inflation rates that were declining. The likelihood of a recession this year was further reduced by the report from the … Read more
In addition to the DOD’s regular, basic budget, the Defence Department’s financial management community achieved an unprecedented feat last year by generating four supplemental budgets with amazing quickness. “The National Defence Strategy outlines our security priorities, defending the homeland, paced to the… growing threat posed by the People’s Republic of China across many domains—from cyber … Read more
Mexico’s central bank increased its economic growth forecast for this year and the following year, indicating that activity is above expectations in large part because of robust trade with the US. According to the central bank’s quarterly report released on Wednesday, Banxico increased its projection for growth in 2023 from 2.3% to 3%. The bank … Read more
the 30th of August 2023 (GLOBE NEWSWIRE) The global desalination technologies market, presently valued at US$16.87 billion, is expected to grow at a high-value CAGR of 11% from 2023 to 2033, according to a recent industry report by Fact.MR, a supplier of market research and competitive intelligence. Desalination technologies are becoming a vital component of … Read more
has secured pre-IPO financing worth 7 billion yuan ($960 million), as the Chinese electric vehicle (EV) start-up prepares to enter the Southeast Asian market. The Shanghai-based automaker announced the completion of the crossover financing round on Tuesday night, marking the first time it had raised new funds since July 2022. The names of the investors … Read more
In August, private payrolls expanded by 177,000 jobs, versus predictions of 195,000, according to the ADP National Employment report, indicating a deteriorating labour market. Newly released gross domestic product (GDP) figures revealed that the U.S. economy grew by 2.1% in the second quarter, which was less quickly than an earlier estimate of 2.4% growth. According … Read more
