In two months, India is projected to become the world’s most populous country with over 1.4 billion people. But for at least a year, and possibly longer, the country won’t know how many people it has because it hasn’t been able to count them. India’s once in a decade census, due in 2021 and delayed […]
Meticulously crafted over decades as a major revenue stream for the Kremlin, Moscow’s gas trade with Europe is unlikely to recover from the ravages of military conflict. After President Vladimir Putin’s “special military operation” in Ukraine began almost a year ago, a combination of Western sanctions and Russia’s decision to cut supplies to Europe drastically […]
The dollar was carrying a couple of bruises on Wednesday as Federal Reserve officials played down the chance of a half point rate hike in March and a rally in global equity markets tarnished some of its safe haven allure. Stellar results from Alphabet (GOOGLE) after the bell saw that stock surge 7% and lift Wall Street […]
escue workers continue to comb through the rubble of collapsed buildings across Turkey and Syria in the wake of a devastating earthquake that struck the two countries on February 6. More than 36,000 people have been confirmed dead in what is one the strongest earthquakes to hit the region in the past century. As search-and-rescue missions continue and […]
The Biden administration on Wednesday issued long-awaited final rules on its national electric vehicle charger network that require the chargers to be built in the United States immediately, and with 55% of their cost coming from U.S.-made components by 2024. The White House hopes the new rules, issued after nearly eight months of debate, will […]
India is drafting a proposal for G20 countries to help debtor nations badly hit by the economic fallout from the pandemic and Ukraine war, by asking lenders including China, the world’s largest sovereign creditor, to take a large haircut on loans. Two Indian government sources told Reuters of the proposal as finance ministers and central […]
U.S. retail sales increased by the most in nearly two years in January after two straight monthly declines as Americans boosted purchases of motor vehicles and other goods, pointing to the economy’s continued resilience despite higher borrowing costs. Coming on the heels of news on Tuesday that monthly inflation picked up in January, signs of […]
Production at U.S. factories rebounded in January, but output in the prior month was much weaker than initially thought amid higher borrowing costs that are hurting the manufacturing sector. Manufacturing output increased 1.0% last month, the Federal Reserve said on Wednesday. Data for December was revised down to show production at factories declining 1.8% instead […]
Almost one year after Russia started its war of aggression against Ukraine, the economic outlook for the EU is brightening a bit. Last year, the EU economy managed to shift away from Russian energy commodities. Decisive policy support and consumers’ and businesses’ response to the energy crisis boosted the resilience of the economy. This column […]
The past four decades saw a significant increase in regional housing price disparities in the US and internationally, coinciding with a consistent fall in real interest rates. This column uses a comprehensive international dataset to show that differences in housing prices have risen considerably more than differences in rents. The authors argue that this challenges […]
