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 […]
Economists have awakened to the crucial question about the relationship between production and democracy around the world. Thanks to long experience with such measurements, production is easy to gauge. Democracy, multifaceted as it is, is more difficult to deal with. Research Fellow Cesifo; Professor of Economics University of Iceland Official statistics on national product and income per person […]
U.S. consumer prices accelerated in January as Americans continued to be burdened by higher costs for rental housing, suggesting that the Federal Reserve was far from pausing its interest rate hiking campaign. The report from the Labor Department on Tuesday also showed the pace of disinflation in the annual consumer price measures slowing last month. […]
Air India unveiled deals on Tuesday for a record 470 jets from Airbus and Boeing, accelerating the rebirth of a national emblem under new owners Tata Group as Europe and the United States hailed deepening economic and political ties with New Delhi. The provisional deals include 220 planes from Boeing (BA.N) and 250 from Airbus (AIR.PA) and eclipse previous […]
Heated trade tensions could cool if the United States and the European Union make concessions on hydrogen. Washington’s Inflation Reduction Act includes subsidies that could slash the cost of the element’s sustainably produced “green” version by 2030. If the EU can negotiate better access to America’s production chain while attractively managing its future import needs, it could […]
