Tag: economy

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Goldman Sachs warns China is still ‘months away’ from reopening

According to Hong Kong government data, case fatality rates among those who are unvaccinated look to be high, while senior immunisation rates continue to...

South Korea’s Economy Ekes Out Growth With ‘Revenge Spending’

According to Bank of Korea data, the country's GDP increased 0.3% from July to September, marking the slowest quarterly growth in a year. In...

Inflation persists as Wholesale Prices Rise 0.4% in September

The producer price index grew 0.4% in September, contrary to the Dow Jones forecast of a 0.2% increase. Excluding food, energy, and trade services, the...

Inflation Rate Drops Drastically, Mark Zandi predicts Relief Within Six Months

A prominent economist predicted Wednesday that the U.S. economy’s inflation rate will drop by half within six months, providing much-needed relief to the middle...

Naver, South Korea’s answer to Google, buys Poshmark for $1.2 billion

South Korea’s largest web portal operator Naver announced on Friday that it had agreed to buy U.S. e-commerce site Poshmark, in what would be...

Billionaire investor Ray Dalio believes the UK’s economic strategy “suggests incompetence.”

Dalio has joined a rising chorus of economists denouncing Liz Truss' administration's proposed policies. The founder of Bridgewater Associates, one of the world's largest hedge...