The United States House of Representatives has passed a bill that aims to limit Chinese involvement in electric vehicles (EVs) by tightening the criteria for EV tax credits. This legislation is designed to reduce the reliance on Chinese-manufactured components and materials in electric vehicle batteries and supply chains, which are critical to the growth of […]

The uncertainty surrounding new U.S. bank capital rules continues to cast a shadow over financial markets, especially as the presidential election looms. While the Federal Reserve’s regulatory chief, Michael Barr, has outlined a plan to raise big bank capital by 9%, this is a significant reduction from the earlier proposal of 19%. It shows a […]

The highly anticipated first presidential debate between Republican nominee, former President Donald Trump, and Democratic nominee, Vice President Kamala Harris, took place in Philadelphia, Pennsylvania, on September 10, 2024. The debate, hosted by ABC News, was not only a crucial moment for the candidates but also a pivotal event for investors, as financial markets have […]

Qatar’s Central Bank (QCB) has reported a notable increase in its international reserves and foreign currency liquidity, marking a 4% year-on-year (Y-o-Y) rise as of August 2024. The total reserves reached QR 252.3 billion, reflecting the strength of the Qatari economy and the effectiveness of its monetary policies. This increase comes amid a series of […]

Japan’s economy grew at a slightly slower pace than initially reported in the second quarter of 2024, with downward revisions in corporate and household spending signaling potential challenges for sustained growth in the latter half of the year. The revised figures underscore the delicate balance the Bank of Japan (BOJ) must maintain as it navigates […]

Britain requires an additional one trillion pounds ($1.3 trillion) in investment over the next decade to revitalize its economy, according to a report released on Friday. The ambitious investment goal is seen as essential for achieving the annual economic growth of 2.5% promised by Prime Minister Keir Starmer during his campaign leading up to the […]

The global travel and tourism industry is poised to make an unprecedented impact on the world economy, with its contribution to global Gross Domestic Product (GDP) expected to reach a record $11.1 trillion in 2024. This significant milestone underscores the sector’s resilience and recovery following the challenges posed by the COVID-19 pandemic, geopolitical tensions, and […]

Introduction: The Need for Labor-Intensive Export Growth India, the world’s fastest-growing major economy, recorded a robust 6.7% year-on-year growth in the April-June 2024 quarter. However, while these figures reflect the country’s economic strength, significant challenges remain—particularly in the area of job creation. The World Bank, in its latest “India Development Update” report released on September […]

Introduction The UK’s offshore energy sector, a critical pillar of the country’s economy, is facing a potential crisis. On September 2, 2024, Offshore Energies UK (OEUK), the leading trade body representing the industry, released a detailed analysis modeling the impact of the UK government’s proposed changes to the Energy Profits Levy (EPL). The findings are […]

Turkey’s economy has slowed to its weakest pace since the onset of the Covid-19 pandemic, highlighting the impact of the government’s aggressive monetary tightening measures aimed at combating the nation’s persistent inflation crisis. The country’s Gross Domestic Product (GDP) grew at an annual rate of just 2.5% in the second quarter of 2024, a sharp […]