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Europe can't afford another austerity crisis: Europeans are calling for leadership, not cowardice. This is not the time for quick fixes and old approaches ...
euronews.com/business/2024/04/25/europe-cant-afford-another-austerity-crisis
Europe can't afford another austerity crisis
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Can the US manage escalating debt without triggering a fiscal crisis?: The US is grappling with record $34.5 trillion debt, triple the eurozone's ...
euronews.com/business/2024/04/25/can-the-us-manage-its-escalating-debt-without-triggering-a-fiscal-crisis
Can the US manage escalating debt without triggering a fiscal crisis?
Profile picture of ekathimerini.com
Higher primary surplus in 2023: Last year’s primary surplus in Greece proved significantly higher than the budget estimate for 1.1% of gross domestic product ...
ekathimerini.com/economy/1237065/higher-primary-surplus-in-2023/
Higher primary surplus in 2023
Profile picture of Forbes
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/
U.S. Economy Grew At Slowest Pace Since 2022 Last Quarter—But Still Far ...
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.
Profile picture of CNA
New 255-room sustainable hotel to open at Changi Airport Terminal 2 by 2028: Hotel Indigo Changi Airport will feature a rooftop day club, bar and infinity pool ...
channelnewsasia.com/singapore/changi-airport-terminal-2-hotel-indigo-infinity-pool-rooftop-bar-dayclub-4294241
New 255-room sustainable hotel to open at Changi Airport Terminal 2 by ...
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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/
Fears about stagflation are mounting in the US. It’s every central ...
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.
Profile picture of Insider (news website)
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
Stock market today: GDP growth weaker than expected to start the year
Profile picture of DW-TV
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
China: Economy outperforms first quarter forecasts
Profile picture of Insider (news website)
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
Stock market today: Dow drops 375 points after weak GDP data
Profile picture of Al Jazeera
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
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.
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Taiwan 2024 GDP forecast is 3.29% | Taiwan News | Apr. 25, 2024 14:16
taiwannews.com.tw/en/news/5673279
Taiwan 2024 GDP forecast is 3.29% | Taiwan News | Apr. 25, 2024 14:16
Profile picture of CNA
More construction firms going bust after pandemic, say liquidators: The sector is still reeling from the aftermath of COVID-19 and a slump in overseas ...
channelnewsasia.com/singapore/construction-building-contractors-bust-debts-after-pandemic-liquidators-4282961
More construction firms going bust after pandemic, say liquidators
Profile picture of Fox Business
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
China's Q1 GDP growth surpassed expectations, data shows
Profile picture of Sky News
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
UK to increase defence spending to 2.5% of GDP - meaning tens of billions ...
Profile picture of CNA
Former insurance agent gets 8-year prohibition orders after misappropriating S$117,000
channelnewsasia.com/singapore/former-insurance-agent-prudential-misappropriate-117000-mas-prohibition-orders-4274831
Former insurance agent gets 8-year prohibition orders after ...
Profile picture of AsiaOne
'I accept this responsibility with humility': DPM Wong on undertaking role as Singapore's PM
asiaone.com/singapore/i-accept-responsibility-humility-dpm-wong-undertaking-role-singapores-pm
'I accept this responsibility with humility': DPM Wong on ...
Profile picture of Sky News
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
NATO target for defence spending should rise due to 'more dangerous ...
Profile picture of Daily Nation
Shilling gain cuts external debt by Sh1.12 trillion: The stock of external debt has fallen by Sh1.124 trillion in less than three months.
businessdailyafrica.com/bd/economy/shilling-gain-cuts-external-debt-by-sh1-12-trillion--4586234
Shilling gain cuts external debt by Sh1.12 trillion
Profile picture of ABC News
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
The US economy is cooling off. Why experts say there's no need to worry ...
Profile picture of AsiaOne
Student who posed as MAS official to help scammers gets 8 weeks' jail: SINGAPORE — A 19-year-old student who posed as a Monetary Authority of Singapore ...
asiaone.com/singapore/student-who-posed-mas-official-help-scammers-gets-8-weeks-jail
Student who posed as MAS official to help scammers gets 8 weeks' jail
Profile picture of Sky News
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
UK economy grows slightly for second month in a row
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.
Profile picture of AsiaOne
Your essential guide to buying a used car in Singapore: As many of us would know, Singapore holds the dubious honour of being one of the most expensive countries ...
asiaone.com/lifestyle/your-essential-guide-buying-used-car-singapore
Your essential guide to buying a used car in Singapore
Profile picture of Fox Business
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
US economy grew slower than expected at the start of 2024
Profile picture of Reuters
GenZero' Fred Teo: ‘We don't have the time or money to squander on dead-end solutions’ in battle against climate change
reuters.com/sustainability/sustainable-finance-reporting/genzero-fred-teo-we-dont-have-time-or-money-squander-dead-end-solutions-battle-2024-04-15/
GenZero' Fred Teo: ‘We don't have the time or money to squander on ...
Profile picture of The New Zealand Herald
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/
Auckland to Northland expressway will boost GDP by $1.2b a year ...
Profile picture of The Straits Times
Singapore set to keep monetary policy unchanged as price risks linger: Analysts expect MAS to hold off from easing its Singdollar settings until inflation starts ...
straitstimes.com/business/singapore-set-to-keep-monetary-policy-unchanged-as-price-risks-linger
Singapore set to keep monetary policy unchanged as price risks linger
Profile picture of PBS
Biden announces new plan to forgive student loan debt for millions: President Biden on Monday announced new plans to cancel student debt for millions of ...
pbs.org/newshour/show/biden-announces-new-plan-to-forgive-student-loan-debt-for-millions
Biden announces new plan to forgive student loan debt for millions
Profile picture of Insider (news website)
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
Recession outlook: Soft-landing is already here, Evercore founder says
Profile picture of The Sacramento Bee
16 million Californians use TikTok. Soon, it could go away. What would that mean?
sacbee.com/news/politics-government/capitol-alert/article287974225.html
16 million Californians use TikTok. Soon, it could go away ...
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.
Profile picture of The Straits Times
Singapore-listed Sen Yue assisting in MAS investigation: The investigation is into offences under the Securities and Futures Act.
straitstimes.com/business/singapore-listed-sen-yue-assisting-in-mas-investigation
Singapore-listed Sen Yue assisting in MAS investigation
Profile picture of Al Jazeera
Ratings agency Fitch lowers China’s sovereign credit outlook to negative: Beijing says it is ‘disappointed’ with decision by US-based ratings agency.
aljazeera.com/news/2024/4/10/ratings-agency-fitch-lowers-chinas-sovereign-credit-outlook-to-negative
Ratings agency Fitch lowers China’s sovereign credit outlook to negative
Quick Glance: Fitch downgrades China's sovereign credit outlook
  • Fitch Ratings has downgraded China’s sovereign credit outlook to negative, prompting pushback from Beijing.

  • The downgrade reflects “increasing risks to China’s public finance outlook” as the country attempts to move away from real estate-led growth.

  • Fitch said it expected the government deficit to rise to 7.1 percent of gross domestic product (GDP) in 2024, up from 5.8 percent last year.

  • China’s economy, the world’s second-largest, is grappling with slowing growth amid a host of headwinds, including a shrinking population, weak consumption, a prolonged real estate slump, and capital outflows.
Profile picture of cointelegraph.com
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
Bitcoin price risks 1-week lows as US GDP sparks ‘stagflation’ woes
Profile picture of Bloomberg
‘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
‘Operation Save Rishi’ Aims to Get UK Premier Through Key Vote
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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
US Economic Growth Isn't Helping Biden Reelection Campaign Due to ...
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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/
South Korea's public finances no longer a credit rating 'strength' ...
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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
Cooler US GDP Growth Obscures Resilient Demand From Consumers, Businesses
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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
US Treasuries Slide After GDP Data as Inflation Pressures Temper Fed Rate ...
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Zambia Debt Audit Shows Government Paid 600% Premium for Laptops: An audit of Zambia’s public debt found inflated costs and wasteful spending ...
trib.al/GttoaLq
Zambia Debt Audit Shows Government Paid 600% Premium for Laptops
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Weaker GDP Isn’t a Reason to Dump Stocks: Blue chip techs, financials and industrials can keep growing.
on.barrons.com/44i0Y0n
Weaker GDP Isn’t a Reason to Dump Stocks
Profile picture of Insider (news website)
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
Stock market today: US futures climb ahead of Magnificent 7 earnings
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UK government borrowing surpasses forecast in last fiscal year: Official figures revealing borrowing for the last fiscal year in the United Kingdom exceeded ...
dailysabah.com/business/economy/uk-government-borrowing-surpasses-forecast-in-last-fiscal-year
UK government borrowing surpasses forecast in last fiscal year
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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/
Delhi’s Dilemma: A Growing Economy and Growing Unemployment
Profile picture of Insider (news website)
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
Stock market today: US stocks mixed ahead of GDP data, fresh earnings
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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/
How SC verdict on childcare leave opens up possibilities for women
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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/
South Korea Q1 GDP growth smashes estimates, but outlook's uncertain
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.
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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
All NATO members should increase defense spending to 2.5% ...
Profile picture of WION
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
Argentina celebrates its first quarterly budget surplus, President Milei ...
Profile picture of The Standard (Kenya)
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
DRC Consul-General nominee, Charles Githinji, equates GDP to population
Profile picture of Bloomberg
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
US GDP: Strong Economy Doesn’t Make the Fed’s Job Harder
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DA’s new economic policy aims to relieve debt burden, support small businesses: The party has proposed an economic turnaround strategy to support small ...
mg.co.za/politics/2024-04-26-das-new-economic-policy-aims-to-relieve-debt-burden-support-small-businesses/
DA’s new economic policy aims to relieve debt burden, support small ...
Profile picture of Politico
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/
UK announces £75B defense boost — and challenges Europe to follow suit
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Many large U.S. cities are in deep financial trouble. Here's why: Many U.S. cities are facing substantial financial challenges as inflation lingers and ...
cnbc.com/2024/04/25/many-large-us-cities-are-in-deep-financial-trouble-heres-why.html
Many large U.S. cities are in deep financial trouble. Here's why
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EU Parliament approves new debt rules: Reduce national debt, increase public tasks: the reform of the debt rules attempts to do both at once.
sueddeutsche.de/politik/eu-schuldenregeln-beschlossen-1.6565642
EU Parliament approves new debt rules
Profile picture of The Globe and Mail
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/
NATO’s defence spending should go toward countries that need it ...