
A Year After IRA, Electric Vehicle Market’s Fitful Progress
President Joe Biden’s signature economic legislation promised to create a wave of demand for made-in-America electric vehicles by
2023-08-17 09:49

Turkey to Host Next Gathering of Allies to Discuss Ukraine Peace
Turkey is preparing to host the third international gathering of national security advisers working to build support for
2023-10-05 10:27

Ghana IMF loan: Will $3bn solve the economic crisis?
Ghanaians are desperate for help but the intervention may not deal with problems in the long term.
2023-05-18 18:20

Traders Are Risking It All on Bets That Market Boom Will Last
Industrial shares are on a tear, junk-bond spreads are narrowing, quants are ramping up Treasury shorts and everyone
2023-07-29 04:22

Maui residents fill philanthropic gaps while aid makes the long journey to the fire-stricken island
Nonprofits and volunteers in Maui have cobbled together countless improvised and urgent solutions since the deadliest wildfire in over a century hit their community
2023-08-18 03:16

Biden's 3 Federal Reserve nominees appear likely to win Senate approval
President Joe Biden’s three nominees for the Federal Reserve’s Board of Governors pledged to fight inflation during a confirmation hearing that drew only modest pushback from Republican members of the Senate Banking Committee
2023-06-22 02:54

Biden touts his economic record in fiery speech: ‘Guess what – Bidenomics is working’
President Joe Biden touted his economic record amid continuing dissatisfaction among Americans with the state of the US economy by saying his policies have proven effective. Mr Biden delivered a fiery speech on Wednesday in Chicago where he sought to flip a term that the Wall Street Journal outlets have used against him--Bidenomics--into a plus. “I didn’t come up with the name,” he said. “I think it’s a plan I’m happy to call Bidenomics.” The president, who is seeking re-election in 2024, said that the US economy has largely recovered from the recession caused by the Covid-19 pandemic and had sought to refute Republican economics. “Guess what? Bidenomics is working,” he said to applause. “When I took office, the pandemic was raging and the economy was reeling. Supply chains were broken. Millions of people were unemployed.” Despite low unemployment, many Americans continue to see inflation as a top priority. A survey from the Pew Research Center last week showed that 52 per cent of Democrats and 77 per cent of Republicans say inflation is still a “very big problem.” Mr Biden sought to soothe those concerns by saying he continues to prioritise lowering prices and noted how inflation is less than half of what it was one year ago. “Bringing down inflation remains one of my top priorities today,” he said. Mr Biden also mentioned the progress that his signature Inflation Reduction Act has made, such as allowing Medicare to negotiate drug prices. “We’ve been trying to get this done for decades and this time we finally beat big pharma for the first time,” he said. Read More Watch as Biden makes statement on economic policy in Chicago Cambodian leader Hun Sen, a huge Facebook fan, says he is jumping ship to Telegram Paul Ryan says Trump is only Republican candidate who would lose to Biden in 2024
2023-06-29 02:29

A global law firm separates from its Chinese partner, citing cybersecurity and data rules
One of the world’s biggest law firms says it is separating from the Chinese firm that was part of its global network for eight years, citing changes in cybersecurity and other rules that have rattled foreign companies
2023-08-10 21:54

Analysis-Dutch pension fund reform spells investment rethink
By Yoruk Bahceli AMSTERDAM An overhaul of the private pensions system in the Netherlands - the biggest in
2023-06-30 13:53

A large explosion at a fireworks warehouse in Thailand kills at least 10 people and wounds scores
A large explosion at a fireworks warehouse in southern Thailand has killed at least 10 people and wounded scores
2023-07-29 21:30

Novo Nordisk in $1.3 billion deal to buy hypertension drug
COPENHAGEN Novo Nordisk has agreed to buy ocedurenone, a drug for uncontrolled hypertension with potential application in cardiovascular
2023-10-16 19:23

New World Bank chief to kick off global tour with Peru, Jamaica stops
By David Lawder WASHINGTON The World Bank Group's new president, Ajay Banga, will visit Peru and Jamaica next
2023-06-09 02:22
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