By Kevin Yao BEIJING – China is counting on revived infrastructure spending to support its slowing economy, but controls over local government debt risks and falling investment returns could hamper …
Topic:
Economic
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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. The IMF now projects global gross …
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TAIPEI – Taiwan’s trade-reliant economy is expected to have expanded at a slightly faster pace in the fourth quarter supported by strong tech exports though unable to match the burning …
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By Howard Schneider WASHINGTON – The Federal Reserve may not raise interest rates until March, but officials’ tougher language about inflation is already kicking in, with borrowing costs rising for …
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BEIRUT – Lebanon is suffering an economic meltdown that began in 2019 when the financial system collapsed under colossal state debts and the unsustainable way they were funded, while politicians …
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By David Brunnstrom, Kiyoshi Takenaka and Michael Martina WASHINGTON/TOKYO -U.S. President Joe Biden and Japanese Prime Minister Fumio Kishida agreed in a virtual meeting on Friday to boost cooperation on …
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Three Middlesex County Individuals Charged with $2.1 Million in Paycheck Protection Program Fraud and Economic Injury Disaster Loan Fraud Schemes
by DOJ PressNEWARK, N.J. – Three Middlesex County, New Jersey, residents were arrested today for their roles in fraudulently obtaining over $2.1 million in federal Paycheck Protection Program (PPP) loans and Economic …
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The Chinese government credited recent energy “policy measures,” including increased coal production, for the increased manufacturing activity boosting its economy. “In November, power shortages eased and prices of some raw …
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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 had already started holiday shopping …
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Economic advisers to former President Barack Obama recently criticized President Joe Biden’s spending policies and the administrative handling of growing inflation. A former economic adviser to Obama, Steven Rattner wrote …
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Husband and Wife Team, and Their Inmate Accomplice, Charged with Fraudulently Obtaining Pandemic Unemployment Assistance Funds and Economic Injury Disaster Loans
by DOJ PressPHILADELPHIA – Acting United States Attorney Jennifer Arbittier Williams announced that Brandon Segers, 33, and Dionne Segers, 32, both of Philadelphia, PA, and their inmate accomplice, Michael Matthews, 42, of …
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Inflation grew throughout October, increasing for the twelfth consecutive month in a row, according to a key economic indicator. The median consumer expectation shows inflation will grow to 5.7% in the …
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The U.S. economy grew at a 2% rate in the third quarter of 2021 as supply chain issues and the delta variant slowed gains. The U.S. gross domestic product (GDP), …
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Economic experts pushed back on the Biden administration’s claim that widespread supply chain issues in the U.S. were the result of its successful economic agenda. “Demand is off the charts. …
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The International Monetary Fund cut its global growth forecast for 2021 on Tuesday, citing supply chain disruptions and pandemic-related health concerns. In the International Monetary Fund’s (IMF) World Economic Outlook report, released …
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President Joe Biden announced a vaccine mandate on Sept. 9, causing experts to debate the potential economic impact of the rule. Biden directed the Department of Labor’s Occupational Safety and …
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Private companies added 568,000 jobs in September, exceeding expectations as the country faced growing numbers of delta variant cases and slow economic growth, according to a major payroll report. The …
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Treasury Secretary Janet Yellen said Tuesday that the U.S. could slide back into economic recession if Congress fails to raise the debt ceiling by Oct. 18. “It would be catastrophic …
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President Joe Biden told reporters Friday that he was in no rush to see his bipartisan infrastructure bill and budget pass Congress as Democratic divisions over the two slow their …