China’s Ministry of Commerce strongly condemned the U.S. investigation into its maritime, logistics, and shipbuilding industries, labeling it as a “mistake on top of a mistake.” The ministry argued that the U.S. itself provides significant amounts of discriminatory subsidies to its domestic industries while accusing China of unfair practices. The Chinese ministry emphasized that the
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The recent data released by Singapore’s government business development agency, Enterprise Singapore, has revealed a sharp decline in non-oil domestic exports in March. This unexpected plunge of 20.7% has raised concerns among economists and policymakers, signaling potential challenges for Singapore’s economy. The significant fall in non-oil domestic exports can be attributed to various factors. Firstly,
Federal Reserve Chair Jerome Powell recently expressed his concerns about the current state of inflation, suggesting that interest rates may need to remain higher for an extended period to combat rising prices. Powell acknowledged that there has been little progress in curbing inflation this year, despite solid growth and strength in the labor market. He
The Asia-Pacific markets experienced a decline on Monday as traders started to assess the consequences of Iran’s significant drone and missile attacks on Israel over the weekend. President Joe Biden characterized the attack as “unprecedented”, which led to a heightened sense of uncertainty among investors. The U.S. intervened to help Israel intercept most of the
The recent escalation of tensions between Iran and Israel has taken a dangerous turn with Iran launching attacks against Israel, according to U.S. officials. This move has the potential to trigger a regional war and has raised concerns among international leaders. International Response to the Attacks Following the attacks, various international leaders, including European Council
Recent reports from Ukraine’s top military general, Oleksandr Syrskyi, indicate a sharp deterioration of the battlefield situation in the eastern part of the country. Syrskyi expressed concerns about the significant intensification of enemy offensive actions following the recent presidential elections in the Russian Federation. This escalation has been particularly evident in the Lyman and Bakhmut
The Asia-Pacific markets are showing signs of rebound after a recent selloff triggered by concerns over inflation. Investors are closely monitoring economic data from the region, with key indicators such as China’s trade numbers and Singapore’s GDP figures being of particular interest. These numbers are expected to provide insights into the overall economic health of
China’s commercial property sector is experiencing a surprising surge in demand amidst an overall real estate downturn. A recent report from property consultancy JLL revealed that rents for prime retail locations in the bustling capital city of Beijing have skyrocketed at their fastest pace since 2019. The report stated that rents surged by 1.3% during
In order for economic activity to rebound in China, Richard Koo, chief economist at Nomura Research Institute, emphasized the need for a convincing narrative that home prices are on the rise. This sentiment is crucial for boosting business and consumer confidence, particularly in terms of new loan applications. The current trend of declining home prices,
Analysts are optimistic about India’s market capitalization potential, with projections indicating that it could reach $40 trillion in the next 20 years. Factors such as stronger investor confidence and robust economic growth are driving this upward trajectory. Chief economist Sujan Hajra from Anand Rathi Share and Stock Brokers believes that hitting the $40 trillion mark