ECONOMICS
Europe, which has imposed tariffs of up to 45 percent on Chinese electric vehicles, fears Beijing is rapidly shifting parts of its EV manufacturing supply chain to nearby Morocco in an effort to bypass those duties and gain easier access to the European market. EU Trade Commissioner Maroš Šefčovič has
Economic Woes Drive Chinese Investors to Foreign Markets Amid Mass Exodus
In recent months, a wave of Chinese investors seeking to acquire foreign assets has emerged. Driven by...
US Expands Sanctions on Chinese Firms Supplying Russia’s War Effort
The U.S. government announced new and vastly broadened sanctions against the Russian Federation on June...
Healthcare Spending Neared $5 Trillion in 2023, Rising 7.5 Percent, Federal Data Shows
Increased spending in Medicaid and private health insurance has spurred a 7.5-percent rise in the total...
EU Follows US Lead by Slapping Tariffs on Chinese EVs, Sparking Retaliation Threats
On June 12, the European Union (EU) announced that it would impose hefty tariffs on Chinese electric...
Chinese Products Flood Global Markets
The Chinese economy has been floundering over the last few years, especially since the onset of the novel...
High Inflation, Living Costs Continue to Impact Americans Despite Better Economic Figures
As the 2024 U.S. presidential election draws closer, America’s economic performance since 2021 amidst...
Germany to Face a Year of Economic Stagnation, Commerce Group DIHK Survey Predicts
The “DIHK”, German chambers of commerce and industry, said on Thursday (May 23) the country’s long-awaited...
European Commission Foresees $100-billion Plan for Private Chip Investment by 2030
A European Commission official said on Wednesday, May 22, that the European Chips Act is on track to...
Yellen Warns German Banks to Comply With US Sanctions on Russia
During her Europe visit, U.S. Treasury Secretary Janet Yellen urged German bank executives to step up...