“Faced with the challenges of coronavirus infection and the necessary forced restrictions, our economy turned out to be more mobilized and ready for such shocks than many other developed economies in the world,” said the Russian president. Putin added that other problems for the country remain, including rising inflation. He …
Read More »Apple’s market value about to top world’s 5th largest economy
The milestone is coming just a year after the US tech giant breached the $2 trillion mark, after reaching a market cap of $1 trillion in 2018. The company’s stock closed at $175.08 per share on Wednesday. Apple needs to reach $182.85 per share to hit the much-anticipated milestone. Apple …
Read More »Major economy falls short of banning crypto
India’s television network NDTV says the government circulated a note on the proposed bill, which says private cryptocurrencies will be regulated and will not be recognized as legal currency in India. The legislation is also reported to describe cryptocurrencies as crypto assets that will be overseen by the country’s market …
Read More »India to become $10 TRILLION economy by 2030 – minister
Other growth factors include increased economic activity, the country’s rise in the global manufacturing index, the achievement of renewable energy targets, the highest-ever foreign exchange reserves, and transformational initiatives. While speaking at the Public Affairs of India (PAFI)’s 8th National Forum by video conference, Puri said, “I am confident that …
Read More »China’s сoal and power crisis hits global economy
Last week, coal futures in China closed at a record high after sixty coal mines in the country’s top coal-producing region were forced to shut amid heavy rain, flooding, and landslides, worsening the energy supply crisis. Later in the week, colder than normal weather in parts of China sent coal prices surging to …
Read More »Vaccine mandates ‘good for the economy’, White House claims, chalking up Southwest flight cancellations just ‘a little hubbub’
During a Tuesday briefing, Psaki was asked if vaccine mandates are negatively affecting the workforce, the question coming on the heels of Southwest recently canceling thousands of flights not long after they began enforcing the requirement. “I know world-renowned business, travel, and health expert Sen. Ted Cruz has made that …
Read More »Millions more Americans fell into poverty in 2020 as Covid-19 lockdowns wrecked the US economy, Census report shows
An estimated 11.4% of Americans, or around 37.2 million people, lived below the poverty line in 2020, up from 10.5% the previous year, the US Census Bureau said on Tuesday. Median household income dropped 2.9% to $67,521 a year, marking the first statistically significant decline since 2011. US poverty had …
Read More »German economy minister rushed to hospital during committee meeting – reports
The 63-year-old federal minister was brought to Berlin’s Charite clinic by ambulance around 9pm local time on Monday, according to sources cited by Bild. He had reportedly complained of “malaise” and having difficulty speaking ahead of the Economic Committee meeting at a hotel in the capital. His current condition is …
Read More »Victoria, Australia will ‘LOCK OUT’ unvaccinated people from its economy
Victoria is currently under draconian lockdown restrictions, with residents of Melbourne – who make up the vast majority of the state’s population – living under a 9pm to 5am curfew, forbidden from leaving their homes except to work, buy groceries, or get a Covid-19 vaccination. When the lockdown is lifted, …
Read More »Israel agrees to ‘strengthen’ Palestinian economy in first top-level talks since 2010 held after PM Bennett’s return from US
The two got together just hours after Israeli Prime Minister Naftali Bennett returned from Washington, where US President Joe Biden, who is a strong supporter of the two-state solution in the Israeli-Palestinian conflict, asked him to take steps “to improve the lives of Palestinians and support greater economic opportunities for …
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