ECONOMICS
In a move aimed at countering China's rampant export of its excess industrial capacity, U.S. President Joe Biden proposed a hefty tariff increase on Chinese steel and aluminum. The proposal came on April 17 while he addressed union workers in Pennsylvania. If approved, these imports could see their tariffs “tripled,”
Concerns About Environment, Quality of Life Grow as New Jersey Logistics Industry Booms
Online shopping has not only changed people's traditional way of shopping but also spurred the booming...
UK’s Competition and Markets Authority Scrutinizes High Price of Petrol and Groceries
A British government department, the Competition and Markets Authority (CMA), is looking into whether...
CCP Economic Meeting Spotlights Population Crisis
A meeting of the Chinese Communist Party's newly formed Central Financial and Economic Affairs Commission...
Regulators Seize First Republic Bank, Sell It to JP Morgan Chase in Attempt to Prevent Further Banking
United States regulators seized embattled First Republic Bank early on Monday, May 1 and sold the bank's...
The Dramatic Shift in the Meanings of ‘Left’ and ‘Right’
Traditionally, leftist politics, including communist and socialist ideology, are associated with economic...
SVB Fallout: Social Media-Driven Bank Runs Terrify Regulators
Money regulators are facing a new problem: social media-catalyzed bank runs like the one that plundered...
Canadian Banking System Remains ‘Stable and Resilient’ Amid SVB Shutdown
Canada assures that its financial institutions are “stable and resilient” following the collapse of California-based...
Credit Suisse Secures $54-billion Lifeline as Authorities Rush to Prevent Global Bank Crisis
By Tom Westbrook and Saeed Azhar, Reuters. Credit Suisse on Thursday (March 16) said it would borrow...
Americans Wary of Govt. Bailouts After Collapse of SVB, Signature Bank
Stock markets have swooned around the world since Silicon Valley Bank collapsed on Friday, March 10 as...