On Monday, during his first official visit to Japan, US President Joe Biden announced the launch of a new project called the ‘Indo-Pacific Economic Framework’, which the White House claims to be an economic vision for Asia in an obvious bid to try and counter China. Thirteen countries have signed up …
Read More »US economic growth to outrun China for 1st time in decades – media
US economic growth is set to outpace China this year for the first time since 1976, Bloomberg reported on Friday, citing economists. According to the publication, the lingering effects of the Covid-19 pandemic and recurring outbreaks throughout the country mean that its economic growth will stall, despite Beijing’s fiscal, monetary …
Read More »Italy forced into ‘economic warfare’ against Russia, journalist claims
Most Italians do not support the decisions to slap Russia with sanctions or send weapons to Kiev, an Italian independent investigative journalist, Matteo Gracis, told RT last week, arguing that Rome is acting against its own interests as it follows the lead of Brussels and Washington. On May 9, Gracis …
Read More »Worst of economic shock over for Russia – official
The Russian economy has overcome the first shock from the sanctions imposed by the West, according to Finance Minister Anton Siluanov. It won’t be easy to get over the restrictions, but prudent financial and budgetary policy will allow the country to withstand them and maintain financial sovereignty, he said on …
Read More »EU’s energy policy is economic suicide – Putin
Russian President Vladimir Putin said on Tuesday that energy inflation in Western countries should be blamed on their own mistakes, and not on Russia. The EU is committing economic suicide by trying to wean itself off from Russian energy resources, Putin said. “Such an economic auto-da-fé, suicide is, of course, …
Read More »EU issues dire economic forecast
The European Union on Monday slashed its forecasts for economic growth in the 27-nation bloc amid the sanctions imposed on Russia over the conflict in Ukraine and disruptions to energy supplies. According to the EU’s executive arm, the European Commission (EC), real GDP growth in both the EU and the …
Read More »UK issues grim economic forecast
The Bank of England has raised its base rate from 0.75% to 1% on Thursday, in an attempt to curb soaring inflation that is predicted to surpass 10% by the year end. The measure has sent the cost of borrowing to its highest level since February 2009. The regulator has …
Read More »Biden’s economic approval rating revealed
Fewer than half of US adults have “a great deal” or “a fair amount” of confidence in the abilities of Federal Reserve chairman Jerome Powell, US President Joe Biden, or either party’s congressional leaders to do “the right thing” for the economy, according to a poll conducted by Gallup during …
Read More »Western ‘economic blitzkrieg’ has failed – Putin
Western nations have failed in their attempts to destabilize the Russian economy with sanctions, Russian President Vladimir Putin said at a government meeting on economic issues on Monday. “The situation is stabilizing, the ruble exchange rate has returned to the levels of the first half of February and is supported …
Read More »EU now is just NATO’s ‘economic department’ – Russia
The European Union has devolved to the level of “NATO’s economic relations department,” Russian Foreign Ministry spokeswoman Maria Zakharova claimed on Saturday. Following his visit to Ukraine, the EU’s foreign policy chief, Josep Borrell, tweeted: “This war must be won on the battlefield.” The militant remarks coming from a diplomat prompted …
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