economy - Page 6

Americans are “suffering” at a record-high rate under Biden, more than double the record-low rate experienced under Trump in mid-2020.

China’s central government issued its first national drought alert of 2022 on Thursday, advising authorities to “produce artificial rainfall when necessary” due to the “risk of wildfires” across vast swathes of China’s central and southern regions, according to Xinhua, the country’s official state press agency.

Japan’s government recently kicked off a marketing campaign aimed at increasing alcohol sales among younger citizens, aged 20 to 39, in response to record decreases in alcohol tax income in Japan over the past few years, the Hindustan Times reported Friday.

Russian energy export earnings are projected to rise nearly 40 percent year-on-year to $337.5 billion in 2022, Reuters reported Wednesday citing an official document from the Ministry of Energy of the Russian Federation.

Japan’s population dropped in 2021 by 726,342, which was the greatest decline margin documented since Tokyo began recording relevant data nearly a decade ago, Kyodo News reported on Tuesday.

Indian traders have reportedly been settling payments for Russian coal in currencies other than the U.S. dollar — including the Chinese yuan, the Hong Kong dollar, the United Arab Emirates (U.A.E.) dirham, and the euro — in an effort to skirt Western sanctions imposed on Moscow in recent months in response to its latest war with Ukraine, Reuters reported on Wednesday.

Chinese-owned companies in Myanmar are allegedly responsible for illegal mining operations that are destroying the natural landscape of Myanmar’s border region with China, local miners of dysprosium and terbium — two heavy rare earth minerals used in clean energy products and smart electronics — told the organization Global Witness for a report published on Tuesday.

Australia’s Qantas Airways recently asked some of its executives and managers to volunteer to work as baggage handlers over the next three months to help Qantas alleviate severe staff shortages in its checked baggage department, the BBC reported on Monday after reviewing an official memo from the company.

China’s trade with Russia from January to July increased by nearly 30 percent from the same period last year to reach $97.71 billion, China’s state-run Global Times reported Sunday.

Cuban authorities evacuated more than 4,000 residents over the weekend after a lightning strike allegedly sparked a fire at Cuba’s largest state oil depot in Matanzas city on Friday night, causing three oil tankers to burn and collapse as of Monday, the news website Cubanet reported.

Cortez Masto voted to pass the Inflation Reduction Act — a move her Republican opponent said will only crush everyday Americans.

Poll findings suggest that “U.S. cities could be facing an uptick in hunger and homelessness in the next coming months.”

Overall, the poll found that Americans trust Republicans more to handle issues like crime rates, inflation, and the economy.

The Department of Labor released an unexpectedly strong jobs report, shifting economists expectation about the the Fed’s next rate hike.

Senator Angus King (I-ME) on Friday sounded off about the Democrats’ so-called “Inflation Reduction Act,” which economists and the Congressional Budget Office agree would not do much to reduce the record-high inflation.

Indian Commerce Secretary B.V.R. Subrahmanyam predicted this week that New Delhi will conduct up to $9 billion worth of trade with Russia and Sri Lanka combined over the next two months, Reuters reported on Wednesday.

Democrats are continuing to push their radical climate agenda despite 9.1 percent inflation and high food and gas prices — an effort Rep. Byron Donalds (R-FL) contends signals last-minute desperation before a highly anticipated “red wave.”

A large group of mainly women and children formed a human chain to block a major highway outside of Havana, Cuba, on Tuesday to protest the island’s poor living conditions, including worsening power outages, caused by the corruption and mismanagement of the country’s communist regime, the news website Cubanet reported on Tuesday.

A majority of likely voters believe Democrats are responsible for plunging the United States into a recession, the poll found.

Nearly half of the food banks in the United States are experiencing increased demand as Americans struggle under the crushing weight of inflation.

A new Japanese economic security law came into effect on Monday, Kyodo News reported, noting that it aims to bolster a stable global supply of crucial technologies such as semiconductors and protect their patents in the face of increasing Chinese interest in such materials.

Sections of Beirut’s grain silos collapsed on Sunday after weakening during a weeks-long fire caused by recent high temperatures that fermented the silos’ grain stores, Agence France-Presse (AFP) reported, noting that the silos were infamous for shielding much of western Beirut from an August 2020 port explosion and sustaining partial damage from the blast themselves.

At least six people arrived illegally in India’s Tamil Nadu state on Wednesday after traveling there by boat from Sri Lanka, an island nation located 34 miles off India’s southern coast at its shortest distance, the Hindustan Times reported on Thursday, noting that the incident was indicative of a growing migration wave as dozens of Sri Lankans have fled the financially troubled country for India since its economy effectively collapsed in March.

House Republicans slammed Democrats’ newly unveiled Inflation Reduction Act of 2022 on Friday, saying it is “likely to worsen the economy.”

He pivoted to positive economic news.

China-based diagnostic test makers expect to profit considerably from the World Health Organization’s (W.H.O.) recent decision to declare monkeypox a “public health emergency,” as the W.H.O. requested mass orders of monkeypox testing kits from at least two such manufacturers shortly after the declaration, China’s state-run Global Times reported on Tuesday.

Chinese state media spent the past month pressuring President Joe Biden to lift the tariffs imposed by his predecessor Donald Trump – ostensibly because the Chinese Communist Party cares deeply about the travails of American consumers struggling under Biden’s sky-high inflation rates, but actually because the Chinese economy is sinking and Beijing desperately needs those tariffs gone.

The director of Russia’s space agency, Roscosmos, said on Tuesday that he expects Moscow to end its participation in the International Space Station (ISS) by 2024, Russia’s state-owned TASS news agency reported.

People have been fleeing California since the start of the pandemic and the draconian lockdowns that followed. Now it has been revealed the population loss was the greatest in the country and a lot of those people leaving are the ones making the most money.

The government of Shenzhen, China, on Monday ordered the manufacturing hub’s top 100 companies to enforce a “closed loop” system in which staff must work, sleep, and live at factories for at least one week to contain a local epidemic of the Chinese coronavirus, Bloomberg News reported.

Zambia’s state-owned electricity company ZESCO said this week it had produced a surplus of energy for Zambia of about 1,156 MW, the online newspaper New Zimbabwe reported Friday.

China’s banking and insurance regulator claimed Thursday it was making “steady progress” toward resolving an economic fiasco in which millions of dollars in deposits across rural branches of China’s central bank were frozen without explanation in April, China’s state-run Global Times reported.

Nearly half of Americans have been forced to cut back on basic activities such as driving, and over one-third said they have now go grocery shopping less often, an Echelon Insights survey released this week found.

Blackouts and brownouts as seen in California and Texas will spread across the U.S. if the “climate agenda” continues, Steve Milloy said.

The Media Alliance of Zimbabwe (MAZ) on Wednesday accused the Chinese Embassy in Zimbabwe of “threatening” a local newspaper called The Standard after it published articles about alleged “violations by Chinese mining companies,” Voice of America (VOA) reported.

China’s military allegedly deployed armored tanks to the streets of Henan province in recent days to block protesters from gathering outside local banks and demanding access to millions of dollars in deposits unceremoniously frozen in April, Asian News International (ANI) reported on Thursday.