by Charbel Lebbos | Oct 24, 2022 | business, World Economy
The Chinese Communist Party’s congress concluded on Sunday with the set-piece confirmation of Xi Jinping’s historic third five-year term in charge. The spotlight was also on the man named as his new second-in-command, Li Qiang. A loyalist to Mr Xi, he is...
by Charbel Lebbos | Sep 21, 2022 | World Economy
When inflation began to accelerate in 2021, price pressures were clearly tied to the pandemic: Companies couldn’t produce cars, couches andcomputer games fast enough to keep up with demand from homebound consumers amid supply chain disruptions. This year, Russia’s war...
by Charbel Lebbos | Sep 21, 2022 | World Economy
Treasury Secretary Janet Yellen on Thursday will announce stepped-up activity by the Internal Revenue Service (IRS) after getting a $79 billion funding boost over 10 years from legislation that President Joe Biden signed last month. Yellen is to make the announcement...
by Charbel Lebbos | Sep 20, 2022 | Local Economy, World Economy
Americans have been warned for years of an impending retirement crisis. Yet the situation is getting worse. Even when everything wasgoing right — inflation wasnonexistent, interest rates werelow and stocks were in anextended bull market — therewas a multi-trillion...
by Charbel Lebbos | Sep 12, 2022 | business, World Economy
The UK economy grew by 0.2% in July, according to official data, following a sharp drop in the previous month. The Office for National Statistics said the services sector was the biggest contributor to growth, helped by the UK hosting the Women’s Euro...
by Charbel Lebbos | Sep 10, 2022 | business, World Economy
The Bank of England has postponed a key decision on interest rates following the death of Queen Elizabeth II. It said that “in light of the period of national mourning”, the Monetary Policy Committee’s decision would now be announced at midday on 22...
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