ASIA: Japan’s economy contracted much faster than expected in the third quarter as global supply disruptions and fresh COVID-19 cases hit business and consumer spending, raising challenges for the new government’s growth plans. The economy shrank an annualized 3.0% in July-September after a revised 1.5% gain in the first quarter, preliminary gross domestic product (GDP) […]

ASIA: China’s factory activity unexpectedly picked up in November, growing for the first time in three months as the crippling surge in raw material prices and power rationing eased, taking some pressure off the manufacturing sector. The official manufacturing Purchasing Managers’ Index (PMI) rose to 50.1 in November from 49.2 in October, data from the […]

Reliable sources have confirmed that Klaus Schwab and even attendees have been getting such threats of violence and death that he has postponed Davos in January for the first time, claiming it is due to the pandemic, which is not true. Schwab is, at last, starting to realize that there is a price to his […]

ASIA: Japan’s retail sales rose for the first time in three months in October, though less than expected, and the underlying private consumption trend pointed to persistent strains on a fragile economic recovery despite an easing of COVID-19 curbs. Retail sales rose 0.9% in October from a year earlier, government data showed on Monday, versus […]

Citizens of the French Caribbean territory of Guadeloupe have been protesting COVID-19 restrictions for the past four months. In response, authorities have implemented a 6 PM curfew to prevent people from gathering. Reports of protestors shooting at the police, arson, and looting have resulted as anger grows. The citizens of Guadeloupe have every reason to […]

ASIA: In its latest report, Moody’s Investors Service has projected that the economic growth in India will rebound strongly. It has pegged GDP growth for the nation at 9.3% and 7.9% in FY22 and FY23, respectively. The Reserve Bank of India has ensured that interest rates in India have remained at record lows and has also […]

ASIA: Shares of China Evergrande New Energy Vehicle Group Ltd rose 11.1% to HK$3.92 on Monday, after the company said it planned to raise around $347 million in a share placement. Embattled property developer China Evergrande’s electric vehicle (EV) unit said it would issue about 900 million shares, or 8.3% of the enlarged capital, at […]

(Picture: AAP Glen Campbell) Rumors are swirling on the internet that the Australian Army is herding the unvaccinated population into “quarantine camps.” The army is not currently hunting down the vaccinated, yet, but there is a suspicious amount of funds going toward these quarantine facilities. The Guardian has reported that $130 million was recently invested […]

  ASIA: Liu Shijin, an adviser to the People’s Bank of China and member of the monetary policy committee said China’s economy could enter a period of relatively slow growth and excessively high producer-price inflation. Speaking online at the China Macroeconomy Forum over the weekend Liu said the “quasi-stagflation” is “very likely” if demand remains weak, PPI stays high, […]

ASIA: China’s central bank signaled possible easing measures to aid the economy’s recovery after a sharp downturn in recent months fueled by a property slump. China’s CSI 300 Index gained as much as 0.5% Monday morning on expectations of potential loosening, while the 10-year government bond futures contracts gained as much as 0.3%. The Indian […]