Shelter from the Inevitable Economic Storm
The Upper Midwest Offers the Best States To Survive the Next Recession ORANGE, Calif., April 12, 2022 –To paraphrase: Recessions happen! No one can break …
Economic
Sri Lanka industry says 2022 exports could tumble 20%-30% on economic crisis
COLOMBO – Sri Lankan leaders from garments, tea and other industries said on Friday the country’s goods and services exports could plunge 20% to 30% …
Honduran special economic zone adopts bitcoin as legal tender
By Gustavo Palencia TEGUCIGALPA – A special economic zone on a tourist-centric island on Honduras’ Caribbean coast has adopted bitcoin and other cryptocurrencies as legal …
Factbox – Just how bad is Lebanon’s economic meltdown?
BEIRUT – The International Monetary Fund (IMF) said on Thursday it had reached a preliminary agreement with Lebanon for a four-year extended fund facility that …
PSEG Foundation Supports More Than 200 Nonprofit Organizations Tackling Environmental Sustainability, Social Justice, Equity and Economic Empowerment
NEWARK, N.J., April 7, 2022 — The PSEG Foundation is pleased to announce its new strategic pillars of environmental sustainability, social justice, and equity and …
Brazil’s Guedes says Eletrobras won’t be able to invest enough to keep up with stronger economic growth
BRASILIA – Brazil’s Economy Minister Paulo Guedes said on Thursday that state-run power company Eletrobras will not be able to invest enough to keep up …
Greek central bank cuts economic growth projection to 3.8% this year
By George Georgiopoulos ATHENS – Greece’s economy is seen expanding by 3.8% this year under a baseline scenario, a slower pace than a previous projection …
U.S. will keep raising economic costs on Putin, Biden says
WASHINGTON – The United States plans to keep raising the economic costs on Russian President Vladimir Putin over his invasion of Ukraine, U.S. President Joe …
China’s widening COVID curbs exact mounting economic toll
By Josh Horwitz and Kevin Yao SHANGHAI – China’s top European business group warned on Wednesday that its “zero-COVID” strategy was harming the attractiveness of …
Spectre of inflation threatens Macron’s economic gains as election looms
By Leigh Thomas PARIS – French President Emmanuel Macron risks seeing high inflation eroding economic gains achieved during his presidency as he seeks a second …
Hungary’s isolation, economic woes will make Orban’s fourth term his toughest yet
By Gergely Szakacs BUDAPEST – Prime Minister Viktor Orban faces unprecedented headwinds as he embarks on a fourth consecutive term in office when the Hungarian …
Former GE Power Engineer Convicted of Conspiracy to Commit Economic Espionage Following Four-Week Trial
ALBANY, NEW YORK â Xiaoqing Zheng, age 59, of Niskayuna, New York, was convicted yesterday of conspiracy to commit economic espionage following a four-week jury …
Thai March economic activity pressured by rising inflation, infections
BANGKOK – Thailand’s economic activity in March came under pressure from rising coronavirus infections and higher inflation driven by increasing energy prices, after a recovery …
Energy crisis will hurt Greek economic growth this year -fin min
ATHENS – Higher energy prices will have a negative impact on Greece’s economic growth this year, the country’s Finance Minister said on Wednesday, adding that …
Ukraine crisis likely to slow global economic growth, Yellen says
WASHINGTON – The Russia-Ukraine crisis is driving up commodities prices and is likely to reduce prospects for global growth in the coming year, U.S. Treasury …
‘Have to eat half’: Sri Lankans feel pain of spiralling economic crisis
MINUWANGODA, Sri Lanka – Thusitha Hadaragama stood at a corner store near his home in Sri Lanka’s Minuwangoda town this week and surveyed groceries to …
South Korea central bank governor nominee Rhee says inflation, economic risks mounting
SEOUL – South Korea’s nominee for its new central bank chief said on Thursday worries about inflationary and economic risks are mounting and that he …
Mexico, Saudi Arabia agree to strengthen economic ties
MEXICO CITY – Mexican Foreign Minister Marcelo Ebrard and his Saudi Arabian counterpart on Wednesday agreed to strengthen bilateral economic relations on the first day …
Middlesex County Man Admits $1.6 Million Paycheck Protection Program and Economic Injury Disaster Loan Fraud Scheme
NEWARK, N.J. â A Middlesex County, New Jersey, man today admitted his role in a scheme to defraud lenders and the Small Business Administration (SBA) …
France boosts economic support to ease Ukraine crisis fallout
PARIS – The French government presented on Wednesday a new round of measures to help households, companies, farmers and fishermen cope with the economic fallout …
Russia’s war in Ukraine may ‘fundamentally alter’ global economic, political order – IMF
By Andrea Shalal WASHINGTON – Russia’s invasion of Ukraine will affect the entire global economy by slowing growth and jacking up inflation, and could fundamentally …
Economic impact of China’s COVID resurgence must be watched – statistics bureau
BEIJING – China has seen increasing positive changes in its economic performance backed up by surprisingly good economic data, but the impacts of the latest …
Brazil government readies $32 billion of economic stimulus -sources
By Lisandra Paraguassu and Bernardo Caram BRASILIA – Brazil’s federal government plans to announce on Thursday a program providing some 165 billion reais ($32 billion) …
China will ensure stable economic operations this year, cabinet says
BEIJING – China will ensure stable economic operations this year, keep economic growth, employment and prices within reasonable ranges, state media quoted the cabinet as …
Sri Lanka finance minister meets top IMF official amid economic crisis
By Uditha Jayasinghe COLOMBO – Sri Lanka’s finance minister held talks with a top International Monetary Fund (IMF) official on Monday, two sources said, as …
Japan senior coalition lawmaker urges economic stimulus
TOKYO – A senior member of Japan’s ruling coalition said on Saturday the government should compile economic stimulus measures to address soaring energy and food …
U.S., European allies intensify economic pressure on Russia
By Steve Holland and Francesco Guarascio WASHINGTON/BRUSSELS – The United States, European Union and other allies on Friday escalated their economic pressure on Russia, moving …
Russia to suspend grain exports to Eurasian Economic Union until Aug 31
– Russia will suspend exports of wheat, meslin, rye, barley and corn to the Eurasian Economic Union (EEU) until Aug 31 in a move to …
Russian economy in ‘shock’ from unprecedented economic war – Kremlin
– The Kremlin said on Thursday that Russia’s economy was experiencing a shock and that measures were being taken to soften the impact of what …
Ukraine war adds to economic, social setbacks for women -IMF’s Georgieva
By David Lawder WASHINGTON – The war in Ukraine has worsened a difficult period for women, who have seen major economic and social setbacks prompted …
Economic reforms bear fruit as France’s Macron seeks re-election
By Leigh Thomas PARIS – As Emmanuel Macron launches his campaign for a second term in April’s presidential election, he can count on an economic …
Biden Administration Drags Feet On Mandated Keystone XL Economic Fallout Report
The Biden administration has failed to issue a congressionally-mandated study on the consequences of canceling the Keystone XL pipeline more than two weeks after it …
Russia’s Nabiullina tells central bank staff: we hoped not to face extreme economic situation
MOSCOW – Russia’s Central Bank Governor Elvira Nabiullina said Russia’s economy had come up against an extreme situation, something she said they had all hoped …
China warns of ‘huge’ pressure on foreign trade as economic challenges mount
BEIJING -A top Chinese official warned on Tuesday that China’s economy faces multiple challenges at home and abroad this year, including “huge” pressure from uncertainty …
Russia to widen trade, economic ties with Asia after Western sanctions
MOSCOW – Russia’s economy ministry on Friday said it was working on measures to minimise the effect of Western sanctions imposed after Russia’s invasion of …
Knoxville Woman Sentenced To 57 Months In Prison For Defrauding COVID-19 Economic Relief Programs
KNOXVILLE, Tenn. â On February 24, 2022, Porsha Tims Bush, 42, formerly of Knoxville, Tennessee, was sentenced to 57 months in prison by the Honorable …
ECB to conduct comprehensive economic outlook assessment at March meeting
By Jan Strupczewski BRUSSELS – The European Central Bank will conduct a comprehensive assessment of the economic outlook after Russia’s attack on Ukraine at the …
Adecco does not expect Ukraine invasion to derail economic upswing
ZURICH – Staffing group Adecco does not expect the Russian invasion of Ukraine to derail the global economic upswing, Chief Financial Officer Coram Williams told …
Biden team sees progress shifting economic gains to the poor
WASHINGTON – Poorer Americans are seeing the benefit from strong U.S. economic growth, the Biden administration said on Wednesday, citing research suggesting that COVID stimulus …
Factbox-China’s business and economic interests in Ukraine
BEIJING – Ukraine, which is locked in a security crisis with Russia, has seen growing investment from China in recent years. China has a strategic …
Canada’s Freeland strays from G20 economic script to warn Russia on Ukraine – sources
By David Lawder and Andrea Shalal WASHINGTON – Canadian Finance Minister Chrystia Freeland stepped well beyond economic policy at a G20 finance meeting on Friday …
U.S. leading economic indicator unexpectedly falls in January
WASHINGTON – A gauge of future U.S. economic activity fell in January for the first time in nearly a year amid a resurgence in COVID-19 …
U.S. has ‘no intention’ to engage with China on Indo Pacific Economic Framework
By Ben Blanchard TAIPEI – The United States has “no intention” of engaging with China in its forthcoming Indo-Pacific Economic Framework, but is talking to …
âGet Seriousâ: Manchin Says âSevere Economic Painâ Cannot Be âIgnoredâ
Democratic West Virginia Sen. Joe Manchin ripped into the Biden Administration on Thursday after a Labor Department report showed a key inflation measure setting a …
Arizona Man Sentenced to 32 Months in Federal Prison for Fraudulent Applications for Economic Injury Disaster Loans
DENVER – The U.S. Attorneyâs Office for the District of Colorado announced that Michael Lain, 56, of Queen Creek, Arizona, was sentenced to 32 months …
Somerset County Woman Charged with $1 Million Paycheck Protection Program and Economic Injury Disaster Loan Fraud Scheme
NEWARK, N.J. â A Somerset County, New Jersey, woman was charged for her role in fraudulently obtaining over $1 million in federal Paycheck Protection Program …
IMF Projects Weaker Than Expected 2022 Economic Growth For US, China
The International Monetary Fund (IMF) cut its global economic growth forecast for 2022 on Tuesday, citing growing COVID-19 cases, supply chain bottlenecks and soaring inflation. …
Three Middlesex County Individuals Charged with $2.1 Million in Paycheck Protection Program Fraud and Economic Injury Disaster Loan Fraud Schemes
NEWARK, N.J. â Three Middlesex County, New Jersey, residents were arrested today for their roles in fraudulently obtaining over $2.1 million in federal Paycheck Protection …
China Credits Increased Coal Production For Recent Economic Boost
The Chinese government credited recent energy âpolicy measures,â including increased coal production, for the increased manufacturing activity boosting its economy. âIn November, power shortages eased …
Survey says shoppers cutting back amid economic concerns during holiday shopping
A new Oracle Retail survey shows that consumers have barely made a dent in their holiday shopping. While a September survey showed that 52% of Americans …