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ECONOMICS

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Amazon Limits Paid COVID Leave to Employees Vaccinated Against COVID
Amazon denies its vaccine-free employees enjoying paid leave after receiving a positive PCR-test result while — unlike their vaccinated colleagues — they will still be forced to wear masks at work. The notification came amidst...
Global food prices are reaching record highs, statistics show. Causes such as inflated fuel prices and record labor shortages are attributable.
Global Food Prices Nearing Record High
Due to supply chain delays, the labor shortage, and pandemic-related disruptions, prices of foods such as meats, seafood, and produce shot up by 9 percent in 2021, according to data from IRI, a Chicago-based market...
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China: Canon’s Large Severance Packages Make Chinese Think Again
Recently, Canon Zhuhai Co., Ltd., a subsidiary of Canon located in Zhuhai, China, announced its closure and a large severance package for departing employees.  The minimum severance for each employee is 300,000 yuan ($47,381), and...
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87% of Countries Struggling With Inflation Levels Above the Norm
According to Trading Economics, a website that provides users with information on 196 countries and regions and that forecasts utilizing more than 20 million economic indicators, exchange rates, stock market indexes, government bond yields and...
China’s ‘Belt and Road Initiative’ Falters as Beijing Runs Out of Funding
What started out as an ambitious plan to globalize itself is now slipping further out of reach for the Chinese Communist Party (CCP).China’s Belt and Road Initiative (BRI) was inaugurated in 2013 and aimed to...
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In 2022, Expect China’s Economy to Worsen Further
A major factor — among many others — is China Evergrande’s debt crisis and mounting debt problems for the real estate sector on the whole. China’s National Bureau of Statistics (NBS) announced on Jan. 17...
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China’s Most-Favored-Nation Status Is Ending, What Are the Implications?
China is now roughly back to the trade status that it was before its accession to the World Trade Organization (WTO) in December 2001, as the United States has de facto removed China from the...
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US Wholesale Price Index Hits Record High
The Producer Price Index (PPI), which measures prices paid by manufacturers of goods, services, and construction, rose by 9.7 percent in Dec. 2021 compared to the same month in the previous year, figures from the...
A woman wears a protective mask as she walks past the People's Bank Of China (PBOC) on Financial Street, April 17, 2020 in Beijing, China. China's gross domestic product (GDP) stood at 20.65 trillion yuan (about 2.91 trillion U.S. dollars) in the first quarter of 2020 amid COVID-19 impact, down 6.8 percent year on year, according to data from the National Bureau of Statistics (NBS).
4 Factors to Watch in China’s Latest Economic Stagnation
Given China’s tightened real estate market and the newest spread of COVID-19, quarterly data due to be released on Jan. 17 will likely show a drastic drop in economic growth. Economists' median forecast has placed...