The onset of the Lunar New Year in China is marked by the beginning of the annual travel rush, an event that encapsulates the profound cultural significance of family reunions. This year, the festivities commenced with travelers boarding trains at the stroke of midnight from Beijing, embarking on journeys to various provinces like Anhui. As
Economy
Recently, the central bank of Norway made headlines by keeping its policy interest rate steady at 4.50%, reaching a peak not seen in 17 years. This decision was widely anticipated, reflected by the consensus among analysts who participated in a Reuters poll. The bank’s governor, Ida Wolden Bache, confirmed that while the current rate will
In an automotive landscape that is rapidly evolving, the collaboration between Rivian, an innovative U.S. electric vehicle manufacturer, and German giant Volkswagen signifies a pivotal moment for the industry. Announced last year, this partnership represents a substantial $5.8 billion investment by Volkswagen into a joint venture aimed at reinventing electric vehicle architecture and software. This
As traders prepare for a new day on Wall Street, the mood appears to be slightly cautious following notable gains in previous sessions. U.S. stock indexes displayed a muted response early Thursday morning, with the Dow E-minis reflecting a minor uptick of 45 points, or 0.10%. In contrast, S&P 500 E-minis and Nasdaq 100 E-minis
Japan is currently navigating a complex financial landscape, where the government’s pursuit of a primary budget surplus—a goal that has eluded the nation for several decades—has been postponed by a year. This revelation, put forth during a meeting of the government’s key economic council, underscores the mounting pressures to increase state spending, which complicates the
In the ever-changing landscape of global finance, currency valuation is intrinsically linked to economic policies, particularly those emerging from the highest echelons of power. On a recent Wednesday, the U.S. dollar fell to a two-week low amid uncertainties surrounding President Donald Trump’s tariff intentions. As the financial markets maneuvered around the ambiguity of these trade
India’s financial outlook for the upcoming fiscal year 2024-25 might be undergoing a substantial recalibration, particularly regarding its ambitious disinvestment and asset monetization initiatives. Reports suggest that the government may reduce its disinvestment target by as much as 40%, adjusting it from an initial projection of 500 billion rupees (approximately $3.47 billion) to a new
The recent decision by the United States to withdraw from the World Health Organization (WHO) marks a significant turning point, especially for African nations that heavily rely on international aid for their health initiatives. President Donald Trump’s executive order, which was signed just days after his second inauguration, comes at a precarious time when global
The recent decisions within the U.S. Federal Trade Commission (FTC) reflect a significant political maneuvering amidst a broader national conversation. Under the leadership of Chair Andrew Ferguson, the agency is poised to recalibrate its approach towards diversity, equity, and inclusion (DEI) initiatives. This evolution came to a head when the Democratic commissioners opted not to
On what can be described as a tumultuous Friday for Wall Street, major indices experienced a downturn as investors grappled with mixed economic data and earnings reports. The overall sentiment reflected a cautious approach as stakeholders prepared for an upcoming week laden with critical economic releases, notably the Federal Reserve meeting scheduled for January 28-29.