US Fed raises interest rate by 0.75 percentage-point, highest since 1994
The decision comes in the backdrop of consumer price inflation hitting 8.6% in May, the highest since 1981....
Tag : USA
Why private jet usage is soaring
According to aviation data research firm Wingx, around 3.3 million flights traveled around the world in 2021....
How COVID transformed US consumer spending habits
Consumers in developed countries spent excessively on appliances, automobiles, and furniture....
US inflation rate slows to 8.3% in April
Core CPI rate of inflation preferred by the Fed rises by a higher than expected 0.6%....
US faces baby formula crisis, leaves parents desperate
Suppliers CVS and Walgreens, have put limits on the number of cans customers can purchase at a time....
Trump blames China for stalled nuclear talks with North Korea
The US President Donald Trump accused China of undermining the country’s efforts to pressure North Korea into giving up its nuclear weapons...
Fear of bankruptcy hangs over Pakistan on its independence day
The State Bank of Pakistan has only about $10 bn of foreign exchange reserves left...
Major Asian markets remain mixed during the US-China trade dispute
Asian stocks were mixed on Wednesday-- as investors absorbed the headlines related to the months-long trade dispute between China and the US...
Iran locked out again – What happens to trading favourites in Europe?
Iran faces economic sanctions again, but it has managed to forge multi-million dollar trade deals with many European and Asian nations. It is OPEC’s third largest oil producer, and has a treasure trove of minerals and natural resources, but with Trump’ administration coming down hard on Iran, what happens next?...
Trump threatens more trade tariffs on China
The trade war between USA and China continues as President Donald Trump has threatened to impose a fresh set of tariffs amounting to nearly US$200bn on China if they don't alter their trade practices...