Saturday, December 21, 2024

Economy

Beijing is Dealing with its Worst Power Crisis in a Decade

Beijing is having a massive power crisis as intense weather, boosting demand for power, and inflexible restrictions on coal usage provide a triple blow to the country's electricity grid. The crisis could last for months, damaging the nation's economic...

President Biden Seeking to Increase Funding to the US Space Force

Except for the US Space Force, the Pentagon proposed slight end-strength cuts to all its armed forces in Fiscal Year 2022. American President’s 715 Bn dollars defense Budget proposal for FY2022 contains 17.4 Bn dollars for the United States...

American Jobs Growth Raised in May, Economy still Facing Workers Shortage

United States job growth possibly accelerated last month as inoculations eased the epidemic’s hold on the economy, but businesses met challenges hiring, with tens of thousands of unemployed US people at home amid childcare problems and generous unemployment checks,...

White House Rebuffs Republican Plan for COVID Funds

On Thursday, the White House dismissed GOP’s plans to fund their suggested infrastructure package with remaining funds designated for the coronavirus epidemic. Jennifer Rene Psaki, White House Press Secretary, stated that they note several constructive additions to the group’s previous...

Mastercard, Microsoft agreed to collaborate with Kamala Harris on Central America Strategy

On Thursday, 12 firms and groups, including Nestle's Nespresso, Microsoft, and Mastercard, described that they would pledge to invest in Central America, a victory for Kamala Harris (Vice President) as she intends to lesser the migration from the area...

Every American state observed unemployment surge in 2020

On Wednesday, the Bureau of Labor Statistics reported that each state and the District of Columbia observed their unemployment rates increased in 2020 due to the pandemic COVID-19, with the maximum surge in Nevada and Hawaii. These western states had...

The UK and EU to cover the extra mile regarding Brexit trade talks

Earlier on Sunday, after a call between leaders, the European Union and the United Kingdom have decided to continue post-Brexit trade negotiations. Ursula von der Leyen (European Commission President) and Boris Johnson said, in a combined statement, that responsible at...

China’s economic retrieval is still better than in Europe and the U.S.

As the whole world is trying to stop new COVID-19 infections from stalling the fragile retrieval from the recession, but the economy of China is pointing its pace again, and even it will complete the year more influential than...

Stocks slip amid Trump’s positive Coronavirus test

Previous jobs report before the election was considered to be one of the significant market-moving news on Friday. But President Donald Trump's shocking declaration that he and Melania Trump, the First Lady, have tested positive for Coronavirus altered the...

One million more US people requested for unemployment insurance

Last week, on a seasonally adjusted basis, another one million American employees submitted for unemployment benefits for the first time, reported by the Labor Department on Thursday. The study reached the expectations of economists and was a little downturn from...

Latest News

It Would Be a Mistake For Israel To Occupy Gaza – President Biden

The United States officials claim that President Biden said the occupation of Gaza by Israeli forces would not be...