Economy

China’s manufacturing sector demonstrated slight improvements in December, marking the third consecutive month of growth according to the official purchasing managers’ index (PMI). Nevertheless, the PMI showed a modest decline to 50.1 from 50.3 in November, barely above the crucial threshold of 50 that indicates expansion versus contraction. This reading fell short of the market

Over recent years, China has witnessed a discernible shift in the career aspirations of its youth, particularly in the wake of economic instability and soaring unemployment rates. A striking example of this trend is the overwhelming participation of young candidates in the civil service examination—3.4 million applicants in the latest cycle, a record number that

As investors turn their focus to the upcoming year, the U.S. stock market finds itself at an intriguing crossroads. The exuberance of 2024, marked by impressive gains in major indices, sets the stage for anticipation and speculation. This article delves into the recent performance of the stock markets, the impact of economic indicators, and the

As we approach 2025, Federal Reserve Chair Jerome Powell finds himself in a precarious position. His ongoing task is to steer the Federal Reserve (the Fed) while maintaining its independence amid a politically charged environment, particularly with the return of former President Donald Trump to the political arena. The interplay between economic policy and political

Italy’s recent passage of the 2025 budget by the Senate marks a significant moment as it navigates through a crucial economic landscape. Prime Minister Giorgia Meloni’s government aims to address the fiscal imbalance while also responding to the pressing need for economic stimulus within a stagnating economy. The budget not only seeks to reduce the

On a poignant Sunday, the lifeless body of Manmohan Singh, the esteemed former Prime Minister of India, was cremated on the serene banks of the Yamuna River in New Delhi. The funeral was a grand affair, marked by full state honors, reflecting the profound respect and admiration Singh garnered throughout his political career. As his

In November, China’s industrial profits experienced a decrease of 7.3% compared to the same month in the previous year, according to the National Bureau of Statistics (NBS). While this decline is less severe than the 10% drop recorded in October, it nonetheless points to broader economic challenges. As the second-largest global economy grapples with stagnant

In recent months, the landscape of China’s economy has become increasingly precarious, pushing many individuals into financial distress. Instead of providing genuine help, opportunistic fraudsters have capitalized on this vulnerability, promoting a new wave of so-called “isolation challenges.” Unlike the unnerving scenario depicted in the South Korean series *Squid Game*, participants in these challenges often

As 2023 draws to a close, the Asian markets exhibited a slight uptick, albeit within a context of holiday-thinned trading. Trading activity diminished considerably, especially with major markets such as Hong Kong, Australia, and New Zealand observing closures for public holidays. Despite the reduced activity, investors remained focused on the anticipated shifts in monetary policy

Recent reports indicate that Russia’s inflation has climbed to a striking 9.5% for the year, as highlighted by a statistical release from Rosstat. This figure emerged following a 0.33% increase in the consumer price index for the week leading up to December 23, 2022. Such numbers not only reveal the ongoing economic challenges faced by

In recent times, the landscape of international trade is undergoing a notable transformation, particularly in Russia, where the utilization of cryptocurrencies like Bitcoin is gaining traction. Following legislative shifts aimed at alleviating the burden of Western sanctions, Russian businesses are increasingly adopting digital currencies for international transactions. Finance Minister Anton Siluanov has indicated that these

As Japan prepares to unveil a staggering budget of 115.5 trillion yen (approximately $734 billion) for the upcoming fiscal year, the intricacies of its financial landscape reveal both challenges and opportunities. This proposed budget is underpinned by ballooning social security and rising debt-servicing expenses, entrenching Japan further into the realm of the world’s largest debts.