In the latest survey conducted by the China Index Academy, new home prices in China exhibited a notable increase in November, increasing by 0.36% compared to 0.29% in the previous month. This slight uptick demonstrates a developing trend amidst a challenging property market that has grappling with a long-term downturn. Year-on-year, the average home price
Economy
Recent reports reveal a troubling trend regarding the sentiment of British business leaders, marking a significant shift in optimism since the onset of the COVID-19 pandemic. A study conducted by Britain’s Institute of Directors (IoD) highlights that member optimism has plummeted to its lowest level in recent memory, primarily as a reaction to the fiscal
With Donald Trump once again assuming the presidency, discussions surrounding his second term—often referred to as “Trump 2.0”—intensify, particularly regarding its economic implications. As analysts gear up to assess the unfolding landscape, a critical examination reveals a multitude of factors that could significantly influence economic policies and outcomes. The previous term witnessed a turbulent yet
In a bold move that has sparked extensive debate both domestically and internationally, the Australian government has enacted a ban on social media usage for children under the age of 16. The announcement came late Thursday, drawing reactions that ranged from outrage to support from various segments of society. Framed as a pioneering initiative to
Economic stability plays a crucial role in a nation’s development, and in India, the Reserve Bank of India (RBI) serves as the primary institution responsible for this. As the global economy confronts the volatile landscapes of inflation and growth, the RBI’s decisions, particularly regarding interest rates, have garnered significant attention. This article delves into the
On a recent Wednesday, the Reserve Bank of New Zealand (RBNZ) executed its third rate cut in a span of only four months, an action that has initiated conversations surrounding the future trajectory of the nation’s economic landscape. The central bank reduced the cash rate by half a percentage point, bringing it down to 4.25%,
Thailand has witnessed a remarkable acceleration in its export figures for October 2024, with an impressive 14.6% increase year-on-year. This performance significantly outpaced the expectations of analysts, who had projected a modest growth of 5.2%. The growth in exports is pivotal for the Thai economy, which stands as the second-largest in Southeast Asia, and the
In a surprising statement shortly after being elected, U.S. President-elect Donald Trump declared plans to impose significant tariffs on trade with Canada, Mexico, and China, marking a pivotal shift in trade policy that could reverberate throughout the global economy. Announcing a 25% tariff on goods from Canada and Mexico and an additional 10% on products
In the realm of global finance, the value of the U.S. dollar stands as a critical metric that reflects investor confidence and international economic trends. On a recent Monday, the dollar experienced a slight rejection of its previous gains, prompting considerable speculation among market analysts and investors. With the appointment of Scott Bessent, President-elect Donald
In an important development for both the financial sector and the broader U.S. economy, President-elect Donald Trump has nominated Scott Bessent as the new U.S. Treasury Secretary. This decision follows a period of speculation and competition among several high-profile candidates, all of whom were under significant scrutiny given the immense responsibilities that accompany this influential
The economic landscape of the United States in 2025, as outlined by J.P. Morgan, presents a complex yet intriguing scenario reflecting the impact of recent political developments. The future of the nation’s economy will likely be shaped by a delicate balance between proactive government policies and reactive market dynamics. Analysts suggest that the new administration’s
Scott Bessent, a name recognized by many within financial circles, has built a remarkable career entrenched in macroeconomic strategies and hedge fund management. From his early days alongside financial giants like George Soros and Jim Chanos, to the possibility of stepping into one of the most notable political-economic positions in the United States, Bessent’s path