News
Electric vehicle rethink to cost Honda almost $16 billion
12+ hour, 6+ min ago (265+ words) Honda warned that expected to bokk losses of almost $16 billion in this fiscal year Japan's Honda said Thursday it expected to book nearly $16 billion in expenses and losses related to a major reorientation of its electric vehicle (EV) strategy, blaming…...
Federal deficit totaled $1 trillion in beginning of FY2026, CBO says
2+ day, 23+ hour ago (484+ words) (The Center Square) - The United States federal budget deficit totaled $1 trillion in the first five months of fiscal year 2026, according to the Congressional Budget Office. The latest federal deficit estimate is $142 billion less than the deficit from this time in…...
India's economy is booming, but uneven growth clouds ascent
4+ day, 17+ hour ago (847+ words) A "significant portion of India's workforce remains in relatively low-productivity and informal sectors", says Bhaskar Chakravorti, Dean of Global Business at The Fletcher School at Tufts University High-rise buildings under construction in Mumbai A flock of birds flies over a…...
Venezuela inflation hit 475% in 2025, the world's highest level
5+ day, 20+ hour ago (532+ words) Inflation in Venezuela soared in 2025, driven by tightening US sanctions Venezuela ended 2025 with475 percent inflation, after its economy was hammered by US President Donald Trump's maximum pressure campaign Venezuelan inflation soared to 475 percent in 2025, the highest in the world, driven by…...
Middle East war a new shock for financial markets
6+ day, 2+ hour ago (757+ words) Smoke rises from the site of air strikes in the Iranian capital The outbreak of war in the Middle East has sent shockwaves through financial markets, with energy prices soaring and stocks sliding, just a year after US President Donald…...
US sheds jobs in February in warning sign for Trump's economy
6+ day, 4+ hour ago (631+ words) The US economy unexpectedly lost 92,000 jobs in February, government data shows The United States unexpectedly lost jobs in February while unemployment edged up, government data showed Friday, piling pressure on President Donald Trump's economic agenda as key midterm elections approach....
War in Middle East raises stagflation fears in Europe and beyond
6+ day, 5+ hour ago (641+ words) price increases are already evident for fuels such as petrol Global energy prices have shot upwards after the US and Israel unleashed war in the Middle East, but just how far those shocks will ripple across the economy remains unclear....
China says 'clearly aware' of economic risks, vows to boost spending
6+ day, 10+ hour ago (120+ words) China says 'clearly aware' of economic risks, vows to boost spending'Community Newspaper Group China's top economic planning body vowed to boost sluggish consumption in the world's second-largest economy after announcing the lowest growth target in decades We Value Your Privacy…...
China sets lowest growth target in decades as consumption lags
1+ week, 11+ hour ago (802+ words) China is staging its annual 'Two Sessions' conclave of political meetings in the Great Hall of the People to set economic and social targets for the year ahead China set its lowest annual growth target in decades as it tackles…...
Equities mostly drop as Mideast crisis rages, though oil dips
6+ day, 17+ hour ago (120+ words) Equities mostly drop as Mideast crisis rages, though oil dips'Community Newspaper Group With the United States and Israel continuing to pound Iran, and Tehran hitting targets in the Gulf, the conflict shows no signs of letting up We Value Your…...