Bongbong Marcos' POGO Ban Faces Skepticism: Will It Truly Curb Illegal Operations?
Jul 27, 2024 07:44 am UTC| Economy
President Ferdinand Marcos Jr. announced a blanket ban on Philippine offshore gaming operators (POGOs) in his recent State of the Nation Address. Despite its popularity, experts worry the ban may push operations further...
Supreme Court Ruling Threatens Innovation, Risks Balkanizing U.S. Economy
Jul 27, 2024 07:42 am UTC| Economy
The Supreme Courts decision to overturn the four-decade-old Chevron deference doctrine threatens to disrupt U.S. economic stability and innovation. The ruling shifts regulatory power from federal agencies to courts,...
U.S. Economy Grows Faster Than Expected in Q2, Inflation Pressures Easing
Jul 26, 2024 15:56 pm UTC| Economy
The U.S. economy expanded faster than anticipated in the second quarter, with a 2.8% annualized growth rate driven by robust consumer spending and business investment. Inflation pressures eased, supporting expectations for...
China Central Bank Surprises Markets with Second Unscheduled Rate Cut This Week
Jul 25, 2024 20:24 pm UTC| Business Economy
Chinas central bank surprised markets again this week with an unscheduled rate cut, issuing 200 billion yuan in one-year loans at significantly lower rates to stimulate the economy and address sharp stock market...
Japan to Resume $1.1 Billion Projects in Sri Lanka Amid Debt Restructuring
Jul 25, 2024 10:00 am UTC| Economy
Japan will resume funding for stalled projects in Sri Lanka, generating $1.1 billion in revenue over the next five years, following a $10 billion debt restructuring deal. Japan to Restart 11 Stalled Projects in Sri...
Turkey Terminates Saudi Deposit, Reflects Growing Economic Confidence
Jul 24, 2024 21:32 pm UTC| Economy
On July 24, Turkeys central bank announced it terminated a $5 billion deposit transaction with Saudi Arabia, signaling increased confidence in rebuilding foreign exchange reserves independently. The move reflects Turkeys...
China's Economic Blueprint Emphasizes 'Development' and 'Technology' Amid Sluggish Growth
Jul 24, 2024 21:07 pm UTC| Economy
The Chinese Communist Partys latest economic policy blueprint underscores a strong emphasis on development, with the term appearing 133 times, marking a significant increase from previous years. This highlights Chinas...
Donald Trump Mocks Kamala Harris with Shocking Nickname: 'I Couldn't Care Less If I Mispronounce It'