China, known for having one of the lowest retirement ages in the world, is now facing a critical assessment of its retirement age policy. The National People Congress members recently discussed a plan to delay the retirement age at the 11th meeting of China’s Standing Committee meeting in Beijing. This move comes as a response
Economy
Shigeru Ishiba, the former Japanese defence minister and a candidate in the ruling party’s leadership race, emphasized the significance of completely exiting deflation for Japan. During a press conference outlining his policy pledges for the Liberal Democratic Party’s (LDP) leadership race, Ishiba highlighted the need for sustainable growth in real wages to achieve a full
After experiencing heavy losses the previous week, futures tied to Wall Street’s main indexes saw gains on Monday. This positivity was fueled by investor optimism surrounding the soft landing prospects for the U.S. economy. The upcoming crucial inflation report added to the hopeful sentiment in the market. In premarket trading, all megacap stocks showed positive
Recent data from a survey of recruiters in Britain has indicated a noticeable cooling in the labor market. The report highlighted that job placements fell sharply, with permanent placements dropping at the fastest pace in five months. Additionally, pay growth for permanent staff slowed to a five-month low. This suggests a potential slowdown in both
Egypt’s inflation has been on a declining trend for the sixth consecutive month in August, primarily due to a favourable base effect. Despite this positive development, analysts argue that there is a likelihood of a month-on-month increase in inflation following a series of price hikes led by the government. The government’s decision to raise the
France is facing a growing financial crisis, with the possibility of its budget deficit increasing unexpectedly if additional savings are not identified. This troubling development has prompted the French Finance Ministry to seek an extension from the European Commission for submitting a plan to reduce the public deficit. The situation has put the French economy,
U.S. Treasury Secretary Janet Yellen recently expressed during the Texas Tribune Festival in Austin, Texas that she is most likely finished with her role in the government after President Joe Biden’s term comes to a close in January. Although Yellen did not explicitly state what her future plans entailed, she hinted at the idea during
President Emmanuel Macron’s decision to appoint centre-right Michel Barnier as prime minister has sparked outrage and protests across France. Thousands of people took to the streets to demonstrate against what left-wing parties are calling a theft of legislative elections. Macron’s choice of the 73-year-old conservative Barnier, who previously served as the EU’s Brexit negotiator, has
The idea of a U.S. manufacturing resurgence has been a hot topic in political circles, with both the Trump and Biden administrations proposing initiatives to boost the industry. However, Alpine Macro analysts point out that U.S. manufacturing has been steadily declining for decades. While there have been modest increases in output in certain industries like
In the heart of lower Manhattan lies Elizabeth Street Garden, a cherished public garden established in 1991, which may soon face eviction to make room for a 123-unit affordable housing project for seniors. Despite opposition from notable figures such as Robert De Niro and Martin Scorsese, the city remains steadfast in its development plans for
Following the recent removal of former Prime Minister Srettha Thavisin due to ethical violations, Thailand’s new leader, Prime Minister Paetongtarn Shinawatra, is gearing up to kickstart the economy. This was made known during a special cabinet meeting held to discuss policies that will be presented at an upcoming parliamentary meeting. Despite the change in leadership,
The U.S. Federal Reserve and other regulators are gearing up to present extensive modifications to a range of proposed banks’ capital rules. According to Bloomberg News, the revisions, which are anticipated to be released as early as September 19, could amount to 450 pages. Operational Risk Provisions One of the key areas of focus in