China’s reopening is set to provide a welcome boost to global growth, offsetting weakness in Europe and a looming recession in the US. But unlike in 2009, when China’s four-trillion-yuan stimulus helped kickstart a recovery from the Lehman slump, in 2023 there’s a catch a boost to inflation at exactly the moment the Federal Reserve […]
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Biden moves to halt US exports to Huawei, reports say
The US government has stopped approving licences for American firms to export most items to Chinese technology giant Huawei, according to reports. Biden moves to halt US exports to Huawei, reports say. It comes as the Biden administration continues to tighten its rules on exports of US technology to China. Washington has previously accused Huawei […]
UK expected to be major country to shrink in 2023 – IMF
The UK economy will shrink and perform worse than other advanced economies, including Russia, as the cost of living continues to hit households, the International Monetary Fund has said. UK expected to be only major country to shrink in 2023. The IMF said the economy will contract by 0.6% in 2023, rather than grow slightly […]
We have always shown love for the Khans: Kangana feels calling India a ‘fascist’ nation is ‘unfair’
Kangana feels calling India a ‘fascist’ nation is ‘unfair’. Kangana Ranaut has returned to Twitter, and her message has already made headlines. The 35-year-old actor believes that all Khans in Bollywood should be happy for the adoration they receive from Indian people and that all rants about fascism in the country are “unfair.” Talking about […]
China’s port investments raising security fears, says experts
China’s growing influence over the world’s seaports is a geopolitical risk hidden in plain sight. Chinese companies own or operate terminals in 96 ports in 53 countries according to research by Isaac B. Kardon and Wendy Leutert. This economic influence gives China significant political power. But there are steps the Biden administration can take to reduce the […]
5 US ex cops charged with murder of a black man
5 US ex-cops charged with the murder of a black man. US authorities charged five former police officers with murder on Thursday in connection with the fatal beating of a Black man in Memphis, as the southern city braced for civil unrest and President Joe Biden urged protesters to do so peacefully. Tyre Nichols, 29, […]
“Gave middle finger to…”: US ex top official on Saudi journalist’s murder
Former US Secretary of State Mike Pompeo defended Saudi Arabia after the killing of a dissident writer in a book released Tuesday, gloating that his diplomatic relationship with the kingdom was a “middle finger” to US media. Pompeo traveled to Riyadh just days after the murder of Jamal Khashoggi, a Saudi living in the United […]
US sues Google for online ad business monopoly
In its latest attempt to undermine Big Tech’s market power, the US Justice Department filed a lawsuit against Alphabet’s Google on Tuesday, accusing it of abusing its hegemony in the digital advertising industry and demanding that it surrender its ad manager suite. US sues Google for online ad business monopoly 80 per cent of Google’s […]