$1.8 Trillion: China runs record budget deficit as welfare spending soars
China’s government racked up a record budget deficit last year as spending on social welfare grew at the…
Producer Price Index Jumps on Disconcerting Spike in Services PPI. Food & Energy Prices Fall
Core goods prices rise as companies distribute the tariffs amongst each other. By Wolf Richter for WOLF STREET. The Producer Price…
10 African countries with the highest Chinese loans in the last 24 years
This represents a dramatic decline from the highs of the early 2010s, when Chinese credit routinely exceeded $10…
Rising housing costs put financial and mental strain on young Greeks
Rising rents are putting significant pressure on young Greeks, affecting both their finances and mental health, according to…
UN warns of risk of ‘imminent financial collapse’
UN Secretary General Antonio Guterres has warned member states that the world body is at risk of “imminent…
New viability gap funding in the works for energy storage
The government is working on a new viability gap funding scheme for energy storage to give a push…
Tariffs are hurting U.S. manufacturing sector, economist warns
Chief Economist for the Conference Board of Canada Pedro Antunes reacts to the GDP being unchanged in November…
Wholesale Prices Are Rising Faster Than Expected
US wholesale prices rose a hotter-than-expected 0.5% in December. The Labor Department reported Friday that its producer…
Japan to see fewer food and beverage price hikes in February
The number of food and beverage price hikes in Japan is set to drop by nearly 60% from…
Top Indonesian financial regulators quit after US$80 billion market meltdown
GOVERNMENT PROMISES MAJOR MARKET REFORMS Indonesia’s chief economic minister Airlangga Hartarto said authorities were committed to stock market…
Australia says US price floor backdown won’t derail its critical minerals strategy
SYDNEY, Jan 30 (Reuters) – Australia on Friday said it would support its critical mineral supply chains after…
China’s new plan to get consumers spending again
BEIJING, CHINA – NOVEMBER 6: Women wearing Qing Dynasty-style costumes take photos inside the Forbidden City on November…