Economists have significantly lowered their forecasts for Singapore’s GDP and consumer price index (CPI) due to ongoing uncertainties from the global trade war. According to a Bloomberg survey […]
Economy
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ECB Lowers Growth and Inflation Forecasts Amid Global Trade Concerns
The European Central Bank (ECB) has revised its projections for growth and inflation downward, citing the negative impact of a global trade war on the eurozone economy. Inflation […]
Uncategorized
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US Senate Republicans Propose Changes to Fuel Economy Rules and EV Tax Credits
WASHINGTON, June 5 (Reuters) – U.S. Senate Republicans have proposed eliminating fines for automakers who fail to meet Corporate Average Fuel Economy (CAFE) standards as part of a […]
Uncategorized
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Exploring the Concept of a Gift Economy Amid Concerns About Money
Kelley Swain discusses the potential negative impacts of money on society and advocates for the adoption of a gift economy. This alternative economic model emphasizes generosity and community […]
Economy
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Japan’s Household Spending Declines as Inflation Remains High
Japan’s household spending has fallen amid persistently high inflation, according to recent data. Elevated inflationary pressures continue to strain consumer budgets, leading to reduced spending levels. This trend […]
Markets
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Dollar Struggles Amid U.S. Economic Challenges and Trade Uncertainty
SINGAPORE, June 6 (Reuters) – The U.S. dollar is on track for a weekly decline as economic vulnerabilities in the United States weigh heavily, compounded by stalled trade […]
Banks
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Live Coverage: ECB President Lagarde’s Press Conference Following Rate Decision
On Thursday, June 5, 2025, following the European Central Bank’s (ECB) decision to cut key interest rates by 25 basis points, bringing the refinancing rate to 2.15%, ECB […]
Economy
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Qatar’s Non-Oil Private Sector Economic Activity Improves with Optimistic Outlook
Qatar’s Purchasing Managers’ Index (PMI) rose to 50.8 points in May 2025 from 50.7 points in April, indicating an improvement in the economic activity of the non-oil private […]
Economy
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UAE Minister of Economy Discusses Economic Partnership with Paraguayan President
The UAE Minister of Economy held discussions with the President of Paraguay to explore potential avenues for enhancing economic partnerships between the two nations. The meeting focused on […]
Technology
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Walmart and Wing Expand Drone Delivery to Five More US Cities
Alphabet-owned drone delivery company Wing is expanding its services in collaboration with Walmart. The two companies announced plans to introduce drone delivery to over 100 Walmart stores across […]