Category: Macro
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Renminbi’s Rising Share in Trade, France’s Ties with US Amidst Controversy
Western Countries’ Forces in Ukraine Classified intelligence files leaked online reveal that several Western countries have special forces operating within Ukraine, with Britain reportedly providing the largest contingent of 50 personnel. Another document suggests that the U.S. warned Ukraine about potential troop shortages in recapturing territory seized by Russia. European Aviation’s Net Zero Goal European…
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IMF Warns Global Economic Slowdown, Beijing Leads Export Restrictions
IMF Warns Global Economic Slowdown The International Monetary Fund (IMF) has warned that global economic growth is slowing down due to risks from the volatile banking sector, high inflation, and climbing interest rates. In its latest World Economic Outlook report, the IMF projected a slowdown in total economic output to 2.8% this year, compared to…
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China’s Inflation Rate Eases, US Warehousing Employment Hits Low
China’s Inflation Rate Eases China’s inflation rate eased for the second consecutive month in March, despite signs of economic recovery after strict Covid-19 controls lasting nearly three years. Consumer prices only rose by 0.7% compared to the previous year, according to China’s National Bureau of Statistics. This was the lowest annual rate of inflation since…
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Online Prices Continue to Drop, Yen Falls After BOJ Announcement, Biden Visits Belfast Amid Political Uncertainty
Online Prices Continue to Drop Online prices for discretionary items such as home goods, appliances, and electronics continued to drop in March, marking the seventh consecutive month of decline. The Adobe digital price index reported a year-on-year decrease of 1.7%, but prices remained flat compared to the previous month. Grocery prices increased at a slower…
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America’s Leaked Intelligence Documents, China’s Taiwan Military Drills
America’s Leaked Intelligence Documents Leaked classified-intelligence documents reveal that America has been spying on its key allies, including South Korea. The documents show that South Korean companies are indirectly supplying lethal weapons to Ukraine, which contradicts official policy. The files also contain national-security information about Russia’s invasion, as well as details about China, the Indo-Pacific…
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China’s Positive Figures, Eurozone Inflation Falls, UK House Prices Decline
China’s Non-Manufacturing Growth China’s non-manufacturing sector grew at its fastest rate in over a decade in March, with the National Bureau of Statistics’ non-manufacturing purchasing managers’ index reaching 58.2, surpassing economists’ predictions of 54.3. However, manufacturing growth slowed, with the manufacturing sector gauge coming in at 51.9, trailing February’s 52.6 rate. The contrasting signals suggest…
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Trump Faces Criminal Charges, Finland Joins NATO
Trump Faces Criminal Charges Donald Trump faces criminal charges for his alleged role in covering up hush-money payments made to an adult film actress. A grand jury in New York voted to indict him, and he is expected to turn himself in on Tuesday. Mr Trump denies any wrongdoing, and this is just one of…
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US Unemployment Claims Increase, Spain and Germany’s Inflations Slow Down
China Trade Pact in Danger Ahead of her visit to China next week, Ursula von der Leyen, the president of the European Commission, urged for a more forceful approach towards China. She called for stricter controls over trade in sectors with military importance, such as AI, and hinted that the EU-China commercial pact might be…
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Taiwan US Visit, Central Banks to Focus on Profit Margin
Russian Advance, Nuclear Call Ukrainian officials acknowledged that Russian forces made some progress in their attack on Bakhmut, while Ukrainian troops claimed to be holding on to the eastern town. The UN’s nuclear watchdog head, Rafael Grossi, visited the Zaporizhia nuclear power station, which is currently occupied by Russia, and urged for measures to protect…
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US Mortgage Rates Fall, Call for AI Development Pause, BOE Warns Pension Funds
US Mortgage Rates Fall US mortgage rates dropped to a six-week low of 6.45%, contributing to a fourth-straight rise in applications to buy a home. The 30-year fixed mortgage contract rate fell by three basis points in the week ended 24 March, leading to a 2% rise in the Mortgage Bankers Association’s index of mortgage…