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Frontier Nations Will Suffer The Most If The Fed Rate Rises To 6%, According To Analysts

Emerging markets are facing their demons as traders speculate on whether the United States Federal Reserve will raise interest rates as high as 6%, a level that could kick weaker countries when they're down, while diverging global growth paths and China's reopening may cushion some of the blow for...

Slowest Rise In Consumer Inflation In China In A Year In February, Creating Space For Further Economic Stimulus

In February, China's annual consumer inflation fell to its lowest level in a year, as consumers maintained caution about spending even though strong pandemic restrictions were lifted in late 2022.    Analysts said that when combined with the persistence of producer deflation, which...

IEA's Birol Issues A Warning About A Tighter Energy Supply Next Winter

Fatih Birol, the head of the International Energy Agency (IEA), has warned that there may be energy shortages next winter because there aren't many new liquefied natural gas (LNG) products entering the market, even as China's consumption is expected to increase this year.   Birol told...

South Korean Startup Rebellions Introduces A New Chip As The Country Targets To Enter The AI Race

Rebellions Inc., a South Korean startup, unveiled an artificial intelligence (AI) chip on Monday as it competed for government contracts and Seoul sought a place for homegrown firms in the burgeoning AI sector.   The firm's ATOM chip is the most recent attempt by Korea to compete with Nvidia...

Russia Will Decrease Oil Production Due To Price Caps

Following the imposition of a price cap on oil products by major economies, Russia will cut its crude oil production by 500,000 barrels per day starting in March. Following the cut's announcement by Alexander Novak, deputy prime minister of Russia, oil prices increased.   The price that the...

The Reason Behind Oil Giants Like BP, Shell, Are Making So Much Profits Now

The large oil companies, including ExxonMobil and Norway's Equinor as well as UK-based BP and Shell, have been announcing astounding profit numbers.   They are all profiting from the rise in oil and gas prices as a result of the invasion of Ukraine.   People struggle to pay their...

The Key Macro-Economic Indicators Of Crisis-Hit Pakistan

In order to unlock much-needed funds from a $6.5 billion program, the International Monetary Fund has asked for more time to negotiate with Pakistan.   The cash-strapped nation's four most important economic indicators are listed below.   Currency Reserves   Only three weeks'...

With Outflows, Job Cuts, And A Lawsuit, Cryptocurrency Firms Are Off To A Bumpy Start In 2023

On Thursday, the crypto industry's woes continued, with plummeting deposits, layoffs, and a lawsuit adding to the turbulence of 2022, which was dominated by falling prices and high-profile bankruptcies.   The fallout from the collapse of cryptocurrency exchange FTX, as well as criminal...

Chinese Businesses Can 'Hire' A Virtual Employee For $14k Annually

Businesses in China are paying top dollar for virtual employees in fields ranging from customer service to the entertainment industry.   The number of virtual people projects completed for clients by Baidu has more than doubled since last year, with prices ranging from $2,800 to $14,300 per...

UK Establishes A Nuclear Fuel Fund In Order To Reduce Its Dependence On Russia

The United Kingdom announced the opening of its 75-million-pound ($90.5-million) fund to help increase local production of nuclear fuel for power stations and reduce the dependence on Russian uranium supplies.   The fund, which was announced in July, will provide grants to companies involved...

Bubble Surrounding Tesla Used Car Price Bursts, Weighing On Demand For New Vehicles

For much of the past two years, Tesla customers who waited months for their new car have had an unusual option: keep the new electric car or sell it at a profit to someone who has less patience.   However, the days of the Tesla flip are coming to an end, which could endanger the already...

Agreement Between EU Nations To Gas Price Cap To Address Energy Crisis

After weeks of negotiations on the emergency measure that has divided opinion within the bloc as it seeks to contain the energy crisis, the energy ministers of the European Union finally agreed on a gas price cap on Monday.   The cap is the EU's 27-country bloc's most recent effort to reduce...
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