The Southeast Asian country is continuing strong recovery from the pandemic after the reopening of its borders in April. Malaysia’s economy grew at its fastest annual pace in a year in the second quarter, spurred by an expansion in domestic demand and resilient exports, but a slowdown in global growth is expected to pose a … Read more
Market strategists say the Federal Reserve is unlikely to change its aggressive rate hikes, despite positive signs this week that US inflation could ease. On Thursday, the producer price index fell surprisingly 0.5% in July from the previous month, compared to an estimate of 0.2% gain, according to a Dow Jones survey. Year-over-year, the index … Read more
Tunis, Tunisia – System change is needed to tackle Tunisia’s economic crisis, level the playing field and support entrepreneurial Tunisians, small businesses have told Al Jazeera as the country faces a tumultuous period following the adoption of the country’s new constitution in a referendum on July 25. The 2011 revolution ended the kleptocratic dictatorship of … Read more
Wholesale prices fell in July for the first time in two years as a plunge in energy prices slowed inflation, the Bureau of Labor Statistics reported Thursday. The producer price index, which measures received prices for products against final demand, fell 0.5% from June, the first month-to-month decline since April 2020, the month after Covid-19 … Read more
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It took a while for a version of The Great Resignation to be accepted in Canada, but now the time has come. It has taken the form of a retirement wave – and its arrival is further obscuring the prospects for an already shady economy. Statistics Canada’s July employment report found that a record 300,000 … Read more
taipei, taiwan – As the howl of missiles over the Taiwan Strait stops, a new lasting risk to global trade emerges. Ongoing disruptions to shipping caused by frequent Chinese military activity around Taiwan could become what experts call a “new normal” for the crucial trade route. As Beijing expanded its military exercises from Sunday to … Read more
Tudor Brown is stepping down from the board of directors of Semiconductor Manufacturing International Corporation after nine years. Tudor Brown, the former president of Arm Ltd., has resigned from the board of directors of Semiconductor Manufacturing International Corp. and is getting out of the Chinese chipmaker hit by US sanctions. Brown, a celebrated engineer who … Read more
Atlanta Fed GDPNow Data, Chart by Mish Keep in mind the GDPNow forecast as of August 10. The GDPNow model estimates real GDP growth (seasonally adjusted annual rate) in the third quarter of 2022 is 2.5 percent on Aug. 10, up from 1.4 percent on Aug. 4. Following recent releases from the U.S. Bureau of … Read more
US inflation is cooling much faster than experts are betting, a sign that the Federal Reserve’s series of steep rate hikes is wiping out price pressures. Prices rose 8.5 percent last month in the world’s largest economy, down 9.1 percent in 40 years, according to the Labor Department. Wall Street had predicted that consumer price … Read more
Mega retailers H&M and IKEA are dissolving their stocks in Russia as they wind down their businesses in the country. Russians are packing western fashion and furniture this week as H&M and IKEA sell the last of their stock in Russia and move on to exit the country after it sent troops to Ukraine. Sweden-based … Read more