Economy

The collapse of Baltimore’s Francis Scott Key bridge has left the city in turmoil, with the port economy at a standstill and thousands of jobs on the line. The urgent need for federal funding to rebuild the bridge and reopen the port is critical for the economic health of not only Baltimore but the entire

The salvage operation of Baltimore’s collapsed Francis Scott Key Bridge has commenced, with crews preparing to lift the first piece of the bridge from the water. This crucial step will allow barges and tugboats to access the disaster site and begin the process of reopening the blocked port. The steel truss bridge collapsed tragically, resulting

In a recent turn of events, Japanese health officials conducted a search at a Kobayashi Pharmaceutical factory following reports of five deaths possibly linked to dietary supplements containing red yeast rice. The Ministry of Health, Labour and Welfare, in collaboration with the City of Osaka, inspected the factory in Osaka that had produced the supplements,

Following the tragic attack on a concert hall near Moscow, there has been a surge of migrant workers leaving Russia and returning to Tajikistan. This mass exodus is a direct result of the fear and panic instilled in the migrant community after the deadly incident. The Ministry of Labour, Migration, and Employment in Tajikistan reported

The Luxeed S7 electric sedan, a product of the partnership between Chinese tech giant Huawei and Chery Auto, has finally begun mass deliveries after facing setbacks due to semiconductor shortages and production issues. Richard Yu, managing director and chairman of Huawei’s smart car solutions, announced the commencement of deliveries through a post on the Weibo

In March, core inflation in Tokyo showed a slowdown, raising concerns about the Bank of Japan’s ability to raise interest rates. The core consumer price index in Tokyo rose by 2.4% in March, matching market expectations, but slowing from the previous month. This, along with a broader price trend indicator slowing to 2.9%, suggests that

The Bank of Japan recently made a historic decision to end its negative interest rates policy after eight years of ultra-loose monetary policy. However, a summary of opinions from the bank’s March meeting revealed that many policymakers felt the need to proceed slowly in phasing out this policy. Some members expressed concerns about the economy’s

President Xi Jinping’s meeting with American business leaders in Beijing at the Great Hall of the People was a strategic move by the Chinese government to woo back foreign investors and reassure international firms about the impact of new regulations. It is evident that Beijing is making efforts to boost the growth of the world’s

The finance ministry of Brazil recently put forth a proposal aimed at alleviating the burden of states’ debt to the federal government. This proposal is contingent upon states allocating resources towards technical high school education. The move comes in response to pleas from various governors who argue that the current high interest rates on debt

Sri Lanka’s central bank recently made an unexpected move by lowering interest rates by 50 basis points in an effort to boost growth and navigate through the country’s worst financial crisis in decades. This decision came as a surprise to many, as most economists and analysts had predicted that rates would remain unchanged. The Central

The recent trend in forex markets has seen the dollar gaining strength against the yen, with the yen reaching a multi-decade low of 151.25 per dollar. Despite this, Japanese authorities have expressed concerns about the yen’s weakness, labeling it as not reflective of underlying fundamentals. The Bank of Japan’s interest rate hike has also added

The International Monetary Fund’s Managing Director Kristalina Georgieva recently emphasized the need for China to “reinvent itself” with new economic policies to accelerate the resolution of its ongoing property market crisis. Georgieva urged Chinese officials to consider a shift towards high-quality growth, which would involve boosting domestic consumption and productivity. Georgieva stressed the importance of