Japan's capital spending jumps 16.4% in Oct.-Dec., in boost to GDP - The Mainichi
mainichi.jp/english/articles/20240304/p2g/00m/0bu/006000c
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Gov't estimates New Year's quake cut Japan growth by 115 bil. yen - The Mainichi: TOKYO (Kyodo) -- The government on Tuesday estimated that a deadly earthquake ...
mainichi.jp/english/articles/20240423/p2g/00m/0na/044000c
Sunak announces increase in defence spending to 2.5% of GDP by 2030: The prime minister said the world is "the most dangerous it's been since the end ...
bbc.com/news/av/uk-politics-68884595
Quick Glance: Increase in UK defence spending by 2030
- Prime Minister Rishi Sunak commits to raising spending to 2.5% of GDP, putting the defence industry on a 'war footing'.
- Sunak emphasized the need for deeper stockpiles of munitions and quicker replenishment due to the events in the Ukraine conflict.
- The planned increase in defence spending would require significant financial reshuffling, partly through announced measures to reduce the size of the civil service.
- Shortly after announcing the pledge to send weapons worth 500 million pounds to Ukraine, this commitment followed.
U.S. Economy Grew At Slowest Pace Since 2022 Last Quarter—But Still Far From Recession
forbes.com/sites/dereksaul/2024/04/25/us-economy-grew-at-slowest-pace-since-2022-last-quarter-but-still-far-from-recession/
Quick Glance: Unlikelihood of Fed Rate Cut Before Elections Disrupts Markets
- Investors cast doubt on a Fed rate cut before September.
- Expectations are now fully priced in for a rate cut on November 6-7.
- The shift in market expectations stemmed from inflation and growth data.
- There is now an estimated 75 percent likelihood of a Fed rate cut by September.
Is Japan finally becoming a ‘normal’ economy? : Prices are rising, workers are demanding higher pay and the stock market is booming. But the country still has to ...
ft.com/content/88174b91-27d6-4936-ba5c-62c831b0a1c7
Quick Glance: Record Audience at NCAA Women's Championship
- South Carolina's victory over Caitlin Clark and Iowa in Sunday's women's NCAA championship game garnered a preliminary average viewership of 18.7 million on ABC and ESPN.
- Nielsen's final numbers on Tuesday may reveal an increase in viewership.
- It marks the most-watched basketball game since 2019, when the men's NCAA title game between Virginia and Texas Tech averaged 19.6 million viewers on CBS.
- The women's final also recorded the highest viewership for a Sunday afternoon sporting event on ESPN and ABC since early 2021.
Fears about stagflation are mounting in the US. It’s every central banker’s worst nightmare
cnn.com/2024/04/25/economy/stagflation-us-economy-gdp/
Quick Glance: Rising Key Fed Inflation Measure in March
- In March, inflation remained strong, with an important indicator closely monitored by the Federal Reserve indicating elevated price pressures.
- The personal consumption expenditures price index excluding food and energy increased 2.8% from a year ago in March, above expectations.
- Both the all-items PCE price gauge and the core index increased by 2.7%, higher than estimates, leading to a positive market reaction.
- Markets reacted mildly to the data, with Wall Street set to open higher, while Treasury yields fell and the probability of rate cuts increased slightly.
China: Economy outperforms first quarter forecasts: Strong performance in the manufacturing sector as well as new infrastructure projects helped China's ...
dw.com/en/china-economy-outperforms-first-quarter-forecasts/a-68835129
Stock market today: GDP growth weaker than expected to start the year: The US economy grew at an annualized rate of 1.6% in the first three months of the year ...
markets.businessinsider.com/news/stocks/stock-market-today-q1-gdp-sp500-earnings-meta-microsoft-alphabet-2024-4
Earthquake in Western Japan a Reminder to Be Ready for the Big One; 14% of People Have Made No Preparations, Survey Says
japannews.yomiuri.co.jp/society/general-news/20240419-181363/
Secretary General urges NATO members to send weapons to Ukraine instead of spending 2% of GDP on defence
pravda.com.ua/eng/news/2024/04/17/7451676/
Quick Glance: NATO Urges Allies to Provide Air Defense Systems to Ukraine
- Beijing is informed by China's president that it is not considered a security threat, as conveyed to the German chancellor.
- Zelenskyy and his followers advocate for equal treatment: What is feasible for Israel should also apply to Ukraine.
- The recent investigation by Brussels into Chinese wind turbines coincides with the increasing dominance of Beijing in the global market for solar panels.
- An examination will be conducted into the impact of Chinese state subsidies on wind turbine operations in Spain, Greece, France, Romania, and Bulgaria.
Japan Feb core machinery orders +7.7% mth/mth: Japan's core machinery orders rose a much stronger-than-expected 7.7% in February from the previous month ...
reuters.com/markets/asia/japan-feb-core-machinery-orders-77-mthmth-2024-04-14/
Stock market today: Dow drops 375 points after weak GDP data: Stocks dropped and bond yields rose as investors digested a tough reality of slowing GDP growth and ...
markets.businessinsider.com/news/stocks/stock-market-today-gdp-1q24-inflation-economy-tech-stocks-microsoft-2024-4
Sweden should hike military budget to 2.6% of GDP, defence committee says: Sweden should raise its military spending to around 2.6% of GDP by 2030 ...
reuters.com/world/europe/sweden-should-hike-military-budget-26-gdp-defence-committee-says-2024-04-26/
Japan targets India and Southeast Asia to recruit tech workers: TOKYO -- Japan's Cabinet Office held a working group meeting on Wednesday that aims to ...
asia.nikkei.com/Spotlight/Japan-immigration/Japan-targets-India-and-Southeast-Asia-to-recruit-tech-workers
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War, fear of war spur global military spending to new record: SIPRI report: New high of $2.4 trillion is ninth straight annual increase, suggesting trend will ...
aljazeera.com/news/2024/4/22/war-fear-of-war-spur-global-military-spending-to-new-record-sipri-report
Quick Glance: Global Military Spending Hits Historic High in 2023
- Global military spending hit a record high of $2.443 billion in 2023 after a 7% increase, as per a report.
- Military expenditure rose consistently over nine years in all regions due to worsening peace and security globally.
- Countries like Ukraine, Russia, Poland, Germany, and the UK saw significant spikes in their military spending.
- Israel notably increased its military spending significantly due to the conflict in the Middle East, particularly a major offensive in Gaza in 2023.
Taiwan 2024 GDP forecast is 3.29% | Taiwan News | Apr. 25, 2024 14:16
taiwannews.com.tw/en/news/5673279
China's Q1 GDP growth surpassed expectations, data shows: China's economy grew faster than it was forecast in the first quarter, data released on Tuesday ...
foxbusiness.com/economy/chinas-q1-gdp-growth-surpassed-expectations-data-shows
UK to increase defence spending to 2.5% of GDP - meaning tens of billions of pounds of extra funding
news.sky.com/story/uk-to-increase-defence-spending-to-2-5-of-gdp-meaning-tens-of-billions-of-pounds-of-extra-funding-13121450
NATO target for defence spending should rise due to 'more dangerous world', Grant Shapps says
news.sky.com/story/nato-target-for-defence-spending-should-rise-due-to-more-dangerous-world-grant-shapps-says-13121877
Editorial: Japan's revised disability discrimination law must be backed by society - The Mainichi
mainichi.jp/english/articles/20240415/p2a/00m/0op/005000c
Japan's machinery orders rise sharply, may ease concerns about domestic demand: Japan's key gauge of capital spending jumped the most in a year in February ...
reuters.com/markets/asia/japans-machinery-orders-rise-sharply-may-ease-concerns-about-domestic-demand-2024-04-15/
The rich world faces a brutal spending crunch: Countries including America, Britain and France are up against remorseless fiscal logic
economist.com/finance-and-economics/2024/04/09/the-rich-world-faces-a-brutal-spending-crunch
China's GDP grew 5.3% in Q1, beating expectations : China’s economy beat expectations in the first quarter of the year with help from policies and an increase in ...
apnews.com/article/china-gdp-economy-first-quarter-a0743b0982996194c07713c5c701918f
The US economy is cooling off. Why experts say there's no need to worry yet: The economy slowed dramatically to start 2024.
abcnews.go.com/Business/us-economy-cooling-off-experts-worry/story
Editorial: Japan must debate how to avoid passing snowballing debts to future generations - The Mainichi
mainichi.jp/english/articles/20240411/p2a/00m/0op/009000c
UK economy grows slightly for second month in a row: A recession was declared in February after data showed two quarters of economic contraction ...
news.sky.com/story/uk-economy-grows-slightly-for-second-month-in-a-row-13113295
Quick Glance: UK on Track to Exit Recession with Rising GDP
- Britain's GDP rose by 0.1% in February despite heavy rainfall affecting the construction sector and retail.
- Sectors like manufacturing and services experienced growth, while construction saw declines due to bad weather.
- Recent months of economic growth suggest the recession may soon come to an end, although pressure from the cost of living crisis and higher prices persists for households and businesses.
- Despite the positive growth in 2024, GDP remains below 2023 levels and has been stagnant since early 2022, with real wages continuing to decrease and many facing financial difficulties.
Two years of war have impoverished many Ukrainians: The elderly, the displaced and the disabled are the worst affected
economist.com/europe/2024/04/21/two-years-of-war-have-impoverished-many-ukrainians
US economy grew slower than expected at the start of 2024: Gross domestic product, the broadest measure of goods and services produced across the economy ...
foxbusiness.com/economy/us-gdp-economy-first-quarter-2024
What to read about India’s economy: Can it emulate China’s past manufacturing success—and should it even try?
economist.com/the-economist-reads/2024/04/22/what-to-read-about-indias-economy
Auckland to Northland expressway will boost GDP by $1.2b a year, report shows: A four-lane expressway from Auckland’s Warkworth to Northland’s Kaikohe would have ...
nzherald.co.nz/northern-advocate/news/auckland-to-northland-expressway-will-boost-gdp-by-12b-a-year-report-shows/KWVVAXLM75FRZBZJ6QFINPPWJA/
How fast is India’s economy really growing?: Statisticians take the country’s figures with a pinch of salt
economist.com/finance-and-economics/2024/04/11/how-fast-is-indias-economy-really-growing
Recession outlook: Soft-landing is already here, Evercore founder says: "Arguably, the soft-landing already has happened," one Wall Street veteran says ...
businessinsider.com/recession-outlook-economy-soft-landing-job-market-stocks-gdp-growth-2024-4
16 million Californians use TikTok. Soon, it could go away. What would that mean?
sacbee.com/news/politics-government/capitol-alert/article287974225.html
Quick Glance: ByteDance Would Consider Closing TikTok in US Over Sale, Sources Claim
- ByteDance would prefer to cease TikTok operations rather than engage in a sale if all legal avenues are exhausted to combat potential legislation banning the platform in US app stores, as per four sources.
- Despite TikTok's massive popularity with over a billion users, it remains unprofitable, contributing a small fraction to ByteDance's overall revenues and daily active user base.
- ByteDance stated on Thursday in a release on Toutiao, a media platform it possesses, that there are no intentions to sell TikTok, in response to claims from The Information about ByteDance exploring sale scenarios for TikTok's US operations excluding the recommending algorithm for user videos.
- As of December, ByteDance's valuation stood at $268 billion when it proposed a buyback of approximately $5 billion in shares from investors.
South Korea, Japan signal readiness to respond to excessive FX volatility: SEOUL (Reuters) -- South Korea and Japan expressed serious concerns about the recent ...
asia.nikkei.com/Business/Markets/Currencies/South-Korea-Japan-signal-readiness-to-respond-to-excessive-FX-volatility
Bitcoin price risks 1-week lows as US GDP sparks ‘stagflation’ woes: Bitcoin reacts to “stagflationary” U.S. macro data with BTC price nearing weekly lows.
cointelegraph.com/news/bitcoin-price-1-week-lows-us-gdp-stagflation
Yellen: Subpar U.S. growth may get revised up, inflation will ebb: U.S. Treasury Secretary Janet Yellen told Reuters on Thursday that U.S. economic growth was ...
reuters.com/markets/us/yellen-says-economy-performing-well-inflation-will-ebb-2024-04-25/
‘Operation Save Rishi’ Aims to Get UK Premier Through Key Vote: Rishi Sunak said this week he’s putting UK defense spending on a “war footing ...
bloomberg.com/news/articles/2024-04-27/-operation-save-rishi-aims-to-get-uk-premier-through-key-vote
China's first-quarter industrial profits rise at slower pace: China's industrial profits posted smaller gains for the first quarter compared to the first two ...
reuters.com/world/china/chinas-first-quarter-industrial-profits-rise-slower-pace-2024-04-27/
US Economic Growth Isn't Helping Biden Reelection Campaign Due to Inflation: The latest good news and bad news about the US economy is just plain bad news ...
bloomberg.com/news/articles/2024-04-26/growth-plus-inflation-economy-is-a-lose-lose-for-biden
Paid articlePaid Euro zone consumers lower inflation expectations again, ECB survey shows: Euro zone consumers lowered their expectation for inflation over the next 12 months in ...
reuters.com/markets/europe/euro-zone-consumers-lower-inflation-expectations-again-ecb-survey-shows-2024-04-26/
Shehbaz Sharif is 'ashamed' as Bangladesh beats Pakistan in economic growth
wionews.com/south-asia/shehbaz-sharif-is-ashamed-as-bangladesh-edges-pakistan-in-economic-growth-714891
Cooler US GDP Growth Obscures Resilient Demand From Consumers, Businesses: The surprisingly sharp downshift in US economic growth last quarter masked otherwise ...
bloomberg.com/news/articles/2024-04-25/cooler-us-gdp-growth-obscures-resilient-demand-from-consumers-and-businesses
South Korea's public finances no longer a credit rating 'strength', Fitch says: South Korea's public finances are no longer a strength for its sovereign credit ...
reuters.com/markets/asia/south-koreas-public-finances-no-longer-credit-rating-strength-fitch-says-2024-04-26/
US Treasuries Slide After GDP Data as Inflation Pressures Temper Fed Rate Cuts: Treasuries slid as signs of sticky price pressures in a reading of first-quarter ...
bloomberg.com/news/articles/2024-04-25/treasuries-drop-as-first-quarter-price-pressures-temper-fed-cuts
Japan ‘very close’ to yen intervention, former top currency official says: Market reaction to U.S. data could encourage Japanese authorities to act about the yen ...
japantimes.co.jp/business/2024/04/24/markets/forex-yen-intervention-close/
Stock market today: US futures climb ahead of Magnificent 7 earnings: Microsoft, Alphabet, Meta, and Tesla are all set to report first-quarter earnings this week ...
businessinsider.com/stock-market-today-microsoft-alphabet-meta-tesla-magnificent-seven-earnings-2024-4
Weaker GDP Isn’t a Reason to Dump Stocks: Blue chip techs, financials and industrials can keep growing.
on.barrons.com/44i0Y0n
Stock Market Today: Dow, S&P Live Updates for April 24: A $250 billion exchange-traded fund tracking the Nasdaq 100 got hit in late hours after Meta Platforms ...
bloomberg.com/news/articles/2024-04-23/stock-market-today-dow-s-p-live-updates
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DRC Consul-General nominee, Charles Githinji, equates GDP to population: His response deemed surprising for a Consul-General nominee, underscores the expectation ...
standardmedia.co.ke/national/article/2001493025/drc-consul-general-nominee-charles-githinji-equates-gdp-to-population
Delhi’s Dilemma: A Growing Economy and Growing Unemployment: India is on its way to becoming the third-largest economy in the world, yet unemployment among young ...
thediplomat.com/2024/04/delhis-dilemma-a-growing-economy-and-growing-unemployment/
Fixed Income Luminaries Favor Coupon Clipping as US Yields Rise: Welcome to the Weekly Fix, the newsletter with high yields and low duration risk ...
bloomberg.com/news/newsletters/2024-04-26/fixed-income-luminaries-favor-coupon-clipping-as-us-yields-rise
Stock market today: US stocks mixed ahead of GDP data, fresh earnings: Meta Platforms will report earnings after the closing bell, with Microsoft and Alphabet on ...
markets.businessinsider.com/news/stocks/stock-market-today-economy-outlook-gdp-earnings-q1-tech-rally-2024-04
Rupee likely to inch higher at open tracking Asian peers: The Indian rupee is likely to open slightly higher on Wednesday, aided by an uptick in its Asian peers ...
reuters.com/markets/currencies/rupee-likely-inch-higher-open-tracking-asian-peers-2024-04-24/
Argentina celebrates its first quarterly budget surplus, President Milei promises continued fiscal discipline
wionews.com/business-economy/argentina-celebrates-its-first-quarterly-budget-surplus-president-milei-promises-continued-fiscal-discipline-714060
How SC verdict on childcare leave opens up possibilities for women: A decrease in women’s unpaid care work is related to a 10-percentage point increase in ...
indianexpress.com/article/opinion/columns/how-sc-verdict-on-childcare-leave-opens-up-possibilities-for-women-9291069/
South Korea Q1 GDP growth smashes estimates, but outlook's uncertain: The South Korean economy grew at the fastest pace in more than two years in the first ...
reuters.com/markets/asia/south-korea-q1-gdp-13-qq-beating-forecast-2024-04-24/
Quick Glance: South Korea Q1 GDP Growth Exceeds Estimates
- The South Korean economy grew faster than expected in the first quarter, driven by an increase in domestic consumption and robust exports. However, the sustainability of the recovery was questioned.
- GDP for the January-March quarter grew by 1.3%, marking the sharpest expansion since the fourth quarter of 2021 and surpassing all forecasts.
- Growth in domestic demand was the main factor behind the stronger-than-expected GDP, with private consumption increasing by 0.8%. Analysts expressed uncertainty regarding the long-term strength of economic growth.
- Despite a rebound in exports and an increase in government spending, uncertainty remains regarding inflation outlook and monetary policy, as the Bank of Korea reconsiders its economic growth projections for 2024.
All NATO members should increase defense spending to 2.5%, says UK defense chief: 'We think (that) in a more dangerous world, that would make sense ...
yenisafak.com/en/world/all-nato-members-should-increase-defense-spending-to-25-says-uk-defense-chief-3682010
Paid articlePaid Oil prices on track to snap two-week losing streak: Oil prices rose on Friday, on track to end higher this week after two straight weeks of losses, after a top U ...
reuters.com/markets/commodities/oil-prices-rise-us-official-eases-market-concerns-over-economic-headwinds-2024-04-26/
UK announces £75B defense boost — and challenges Europe to follow suit: Move will see Britain spend 2.5 percent of GDP on defense by end of the decade as Downing ...
politico.eu/article/uk-announce-75bn-defense-boost-challenge-europe-eu-follow-suit-rishi-sunak/
US GDP: Strong Economy Doesn’t Make the Fed’s Job Harder: The past year has shown that it is possible to have a rapid decrease in inflation along with low ...
bloomberg.com/opinion/articles/2024-04-25/us-gdp-strong-economy-doesn-t-make-the-fed-s-job-harder
Paid articlePaid Tepid economic data weighs on equities; yen sinks to fresh lows: Stocks snapped a three-day winning streak on Thursday as disappointing forecasts from Facebook ...
reuters.com/markets/global-markets-wrapup-1-2024-04-25/
NATO’s defence spending should go toward countries that need it, not to ourselves
theglobeandmail.com/opinion/article-natos-defence-spending-should-go-toward-countries-that-need-it-not-to/
Finance Ministry: Government cuts will offer economic relief, but won't solve debt problems
yle.fi/a/74-20085673
Household debt set for new peak: India's household debt hits record high at 39.1% of GDP, driven by non-housing loans, says analysis.
financialexpress.com/policy/economy/household-debt-set-for-new-peak/3466349/
China’s Big Data Release to Show If Economy Rebounded
bloomberg.com/news/live-blog/2024-04-16/china-quarterly-gdp-key-data
GDP Report Was Better Than it Looked. Here’s Why.: Household and business spending grew at an annual rate of more than 3%, an encouraging sign ...
barrons.com/articles/gdp-dollar-stocks-market-selloff-0fc9fd46
Paid articlePaid US GDP Report Set to Highlight Immigration-Driven Economic Boom: Initial data on US gross domestic product for the first quarter of 2024 is set to confirm an ...
bloomberg.com/news/articles/2024-04-25/us-gdp-report-set-to-highlight-immigration-driven-economic-boom
Paid articlePaid Japan's defense spending climbs to 1.6% of GDP: TOKYO -- Japan's defense-related budget for fiscal 2024 has expanded to 1.6% of gross domestic product ...
asia.nikkei.com/Politics/Defense/Japan-s-defense-spending-climbs-to-1.6-of-GDP
Paid articlePaid Relative measures can be absolutely wrong: Comparing one data point with another can be misleading, nonsensical or even dangerous.
ft.com/content/7f0d8140-ee06-4a51-a35a-bc1cab5ec4cf
Vive la simplification: France wants to cut bureaucracy for businesses: President Macron’s government embarks on a tape-cutting crusade to support overburdened ...
euronews.com/business/2024/04/26/vive-la-simplification-france-wants-to-cut-bureaucracy-for-businesses
Prosperity in Switzerland has increased more than expected: The widespread opinion is that the population would no longer benefit from economic growth ...
handelszeitung.ch/konjunktur/der-wohlstand-in-der-schweiz-hat-starker-zugenommen-als-gedacht-704679
The latest on the US economy and other economics stories to read: Top economy stories: Lastest on the US economy; Bank of Japan keeps interest rates steady; ...
weforum.org/agenda/2024/04/us-economy-economics-finance-news-26-april/
Proposed 40% debt to GDP in 2025 could risk overall economy - Economy - The Jakarta Post
thejakartapost.com/business/2024/04/26/proposed-40-debt-to-gdp-in-2025-could-risk-overall-economy.html
Q1 GDP Report: Don't Use Yesterday's News To Predict Tomorrow's Inflation: Despite the first-quarter GDP anomaly, the long-term trend suggests a soft landing ...
seekingalpha.com/article/4686661-q1-gdp-report-dont-use-yesterdays-news-to-predict-tomorrows-inflation
Paid articlePaid Russian central bank warns of slower drop in inflation as it holds rates at 16%: Inflation is set to ease more slowly than previously thought, Russia's central ...
reuters.com/markets/europe/russian-central-bank-holds-rates-16-raises-inflation-forecast-2024-04-26/
Consumers Splurge On Services, Fixed Investment Surges, Imports Drag On GDP And There's A Blip In Government Spending
seekingalpha.com/article/4686640-consumers-splurge-on-services-fixed-investment-surges-imports-drag-on-gdp-and-theres-a-blip-in-government-spending
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Bucharest startup scene maintains positive outlook as economy grows: BR Exclusive - The startup ecosystem in Bucharest was valued at USD 37 billion last year ...
business-review.eu/br-exclusive/bucharest-startup-scene-maintains-positive-outlook-as-economy-grows-259893
Korean economy grows but public feels little effect : The surprise growth of the Korean economy in the first quarter of this year appears not to be felt by the ...
koreatimes.co.kr/www/biz/2024/04/126_373557.html
Sunak promise to boost UK defence spending raises prospect of cuts : Economists and opposition question how government will lift MoD share of GDP to 2 ...
ft.com/content/9c157204-f4ab-4103-8476-be0e83de3efe
Ringgit retreats vs US$ ahead of personal consumption expenditure reading: KUALA LUMPUR: The ringgit was lower against the greenback in early trade on Friday ...
thestar.com.my/business/business-news/2024/04/26/ringgit-retreats-vs-us-ahead-of-personal-consumption-expenditure-reading
It’s a question of jobs, stupid! : It’s a question of jobs, stupid!
deccanherald.com/opinion/it-s-a-question-of-jobs-stupid-2995363
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