Relations between the United States and Mexico are on the rocks again, but it is not because of a fast-talking American politician who insults the neighbors. (That was Donald Trump, in case you forgot.) The latest confrontation is a looming commercial conflict sparked by Mexican President Andrés Manuel López Obrador, aka AMLO. Last month, Mexico’s … Read more
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PARIS, Oct 28 (Reuters) – France’s economy showed meager growth in the third quarter as household spending stagnated and a sharp jump in inflation in October pointed to headwinds in the final quarter of the year. France’s economy grew 0.2% in the July-September period, in line with market expectations, preliminary data from the official statistics … Read more
WASHINGTON (AP) – The U.S. economy grew at a better-than-expected 2.6% annual rate from July to September, overcoming two straight quarters of economic slowdown and overcoming high inflation and interest rates. Thursday’s Commerce Department estimate showed the country’s gross domestic product – the broadest measure of economic output – grew in the third quarter after … Read more
The Biden administration’s national security strategy, released last week, deserves credit for correctly identifying China as America’s most “consistent geopolitical challenge.” But by calling climate the “existential” threat to the United States and encouraging cooperation with Beijing on the issue, the strategy document creates a dangerous contradiction. The focus on climate will make it more … Read more
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HOUSTON, Oct 17 (Reuters) – Oil prices held steady on Monday in choppy trade as China’s continuation of loose monetary policy offset fears that high inflation and energy costs could drag the global economy into recession. Brent crude futures were down 2 cents, or 0.02%, at $91.67 a barrel. U.S. West Texas Intermediate crude rose … Read more
Former Liberal finance minister: ‘Recession leads to change of government’CBC News
Chancellor of the Exchequer Kwasi Kwarteng speaks during the government’s growth plan statement in the House of Commons, London, on September 23. Photo: JESSICA TAYLOR/HOUSE OF COMMONS/via REUTERS It’s a bird! It’s a plane! No, this is a real economic debate in a Western democracy. Prime Minister Liz Truss and Chancellor Kwasi Kwarteng shocked British … Read more
S&P Global Ratings and OECD on Monday retained India’s growth forecast for the current fiscal at 7.3 per cent and 6.9 per cent, respectively. Earlier, the ADB had cut India’s GDP (Gross Domestic Product) growth forecast by 50 basis points to 7 per cent for Fiscal Year 2022-23 while Fitch slashed India’s growth forecast by … Read more
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A Reserve Bank of India (RBI) logo is seen at the gate of its office in New Delhi, India, November 9, 2018. REUTERS/Altaf Hussain/File Photo Sign up now for FREE unlimited access to Reuters.com Register BENGALURU, Sept 23 (Reuters) – The Reserve Bank of India is set to raise interest rates again next week, with … Read more
Globally, economies are heading towards high economic growth and in this context have witnessed a significant increase in global living standards and prosperity. However, with an advanced standard of living, whether people have become happier is something that seems difficult to answer given a whole lot of subjective and objective factors associated with the concept … Read more