07 May 2021

China’s trade surged in April as overseas demand heats up

Trade in China extended its impressive performance with exports accelerating and import growth hitting a decade high in April. Stalled factory production in other countries hit by coronavirus have increased demand for goods made in China. Exports surged 32.2% in terms of dollars from a year earlier. 30.6 percent growth

Read More
12 Jan 2021

India’s Top Court Suspends Farm Laws That Prompted Massive Protests

Farmers in India have been protesting due to the new, market-oriented rules. The highest court in India stopped the implementation of the new laws on Tuesday. The laws are suspended until government officials, a committee of experts and farmers can find a solution to the dispute. The farmers have been

Read More
11 Jan 2021

China brings in new law to fight Trump’s sanctions

China has created new rules that protect many of its companies from “unjustified” US sanctions. Chinese courts have been punishing companies that have complied with the restrictions applied by the United States. The New York Stock Exchange will be removing three Chinese telecommunications firms from an executive order signed by

Read More
04 Nov 2020

Argentina’s President Struggles to Avert Economic Crash

Last year, Argentinian President Alberto Fernandez was elected to lift the country out of a harmful and devastating economic recession. Now, the economy is facing a surmounting crisis as COVID-19 threatens economic stability across the world. The Argentine government is struggling to create an economic plan while managing a leftist

Read More
03 Nov 2020

Ant IPO Postponed by Shanghai Stock Exchange

Today, the Shanghai Stock Exchange released a statement postponing the initial public offering of Ant Group Co. The restriction comes just a day after the company’s controlling seller, Jack Ma, was summoned by four regulatory agencies to attend a closed-door meeting. The undercover meeting with regulators and changing the regulatory

Read More
12 Aug 2020

U.K. Economy Shrinks by More Than Any Other Rich Country

According to second-quarter reports, the UK is facing a steeper Q2 contraction than its counterparts, faring the worst out of any comparable economy due to the COVID-19 pandemic. The UK has also reported the highest death toll within the region, and months of lockdown measures and business closures have pushed

Read More
30 Jul 2020

Germany’s Economy Suffers Biggest Contraction on Record, but Green Shoots Emerge

Germany has suffered from a record-breaking economic contraction in the second quarter of 2020 due to lockdown measures taken to prevent the spread of COVID-19. However, Germany is expected to recover faster than other major European economies despite the contraction. Germany’s GDP fell 10.1% when compared with the previous quarter,

Read More
09 Apr 2020

U.S. Unemployment Claims Total 6.6 Million Last Week

Last week, 6.6 million Americans filed for unemployment claims as efforts to halt the Covid-19 spread result in thousands of businesses and workplaces closing, leaving their employees without an income. In the week ending on April 4, 6.6 million unemployment applications were filed, a slight decrease from the previous week

Read More
08 Apr 2020

Worst recession in decades piles pressure on EU to agree new relief package

According to forecasts published on Wednesday, Europe’s top two economies are experiencing the worst contraction in decades as EU officials work towards new measures to relieve economic pressure and distress. German economic research institutes stated that the country’s economy is likely to shrink by 4.2% this year as a result

Read More
19 Mar 2020

Europe sets up emergency lifeline worth billions

In an attempt to soothe the economic impact of the ongoing pandemic, the European Central Bank (ECB) has started an emergency $820 billion package that will buy government and company dept across the EU, particularly in Greece and Italy. ECB’s CEO Christine Lagarde stated that they are incredibly committed to

Read More