Shigeru Ishiba, a former Japanese defense minister and a candidate in the ruling party’s leadership race, emphasized the significance of a complete exit from deflation for the country. Despite some improvements in private consumption, Ishiba expressed concerns about the lack of strong recovery in this area. He pledged to work towards achieving sustainable growth in
Economy
Wall Street’s main indexes have shown gains on Monday, rebounding from heavy losses experienced the previous week. Investor optimism remains high regarding the soft landing prospects for the U.S. economy, with a crucial inflation report on the horizon. Megacap stocks such as Tesla, AMD, and Marvell have all seen positive movements in premarket trading, with
Recent data from the Recruitment and Employment Confederation and KPMG indicate a noticeable cooldown in Britain’s labour market. The survey of recruiters revealed a sharp decline in job placements, particularly in the permanent job sector. This drop in placements was the fastest in five months, signaling a potential slowdown in hiring activities in the country.
France finds itself in a precarious financial situation as the country has requested an extension from the European Commission beyond the initial September 20 deadline to submit a plan to reduce its public deficit. The finance ministry has stated that this extension is necessary to align with Paris’ 2025 draft budget, as reported by La
The inflation rate in Egypt is expected to see a decrease for the sixth consecutive month in August, largely due to a favourable base effect. However, analysts are warning that there may be a month-on-month increase as a result of recent government-led price hikes. The government’s decision to sign an $8 billion financial support package
Janet Yellen, the current U.S. Treasury Secretary, made remarks at the Texas Tribune Festival in Austin regarding her future plans. She mentioned that she is “probably done” serving at the highest levels of government after President Biden’s term ends in January. Although she did not entirely rule out the possibility of continuing in her role
Recent events in France have sparked mass protests across the country, all stemming from President Emmanuel Macron’s decision to appoint centre-right Michel Barnier as prime minister. This move has led to accusations from left-wing parties of Macron stealing the legislative elections. Accusations of Democracy Denial The left, particularly the far-left France Unbowed (LFI) party, has
Elizabeth Street Garden, a cherished public oasis in lower Manhattan, faces imminent eviction to make way for a new housing development project. The garden, founded in 1991 by an antiques gallery owner, has become a symbol of community and respite in the crowded Little Italy neighborhood, immortalized in films like “Mean Streets” starring Robert De
The promise of a resurgence in U.S. manufacturing has been a hot topic in recent years. However, the reality is far from the optimistic picture painted by political figures. The decline of U.S. manufacturing over the last few decades is evident in the data. While there have been modest increases in output in certain industries
Thailand’s Prime Minister Paetongtarn Shinawatra has announced that her new government will focus on stimulating the economy immediately. Following a special cabinet meeting to fine-tune policies, she is set to present her plans at a parliamentary meeting later this week. Paetongtarn, who took office after the ousting of former premier Srettha Thavisin due to ethical
Recent reports from Bloomberg News suggest that the U.S. Federal Reserve, along with other regulators, is gearing up to introduce significant revisions to proposed bank capital rules. These changes, totaling up to 450 pages, would focus on key aspects such as operational risk provisions. One of the crucial modifications in the revised proposal involves a
In the midst of deep political fault lines and a divided parliament, French President Emmanuel Macron has appointed Michel Barnier, a seasoned political figure known for negotiating Brexit, as his prime minister. This decision comes at a crucial time for Macron, who is facing growing questions about his ability to lead the country until 2027.
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