Record Christmas for Tesco, but concerns over tax hikes and U.K. economy linger
Despite the results, Tesco’s shares fell by 2% as investors grow concerned over the longer term performance. Read More
economy
Can Bitcoin Mining Firms Help Create a Circular Economy?
Bitcoin (BTC) is changing lives in this bull run; now it’s fixing the planet as a Bitcoin mining firm launches Ethiopia’s crypto circular economy. Ethiopia, known for its abundant renewable energy sources, is emerging as an unexpected hub for Bitcoin (BTC) mining. With some of the world’s lowest energy costs, thanks to extensive hydro and … Read more
Vietnam’s economy smashes growth forecasts as trade-obsessed Trump returns to the White House
Vietnam’s GDP grew by 7.09% in 2024, ahead of government forecasts of 6.5%. Yet Vietnam’s trade surplus with the U.S. could put it at risk of new tariffs. Read More
It’s different now: Tariffs can boost U.S. jobs, wages, and the economy, finance professor says
“In this case, tariffs (properly implemented) would have the opposite effect of Smoot-Hawley.” Read More
Trump tariffs would shrink the federal deficit, but also the economy, CBO says
The CBO estimated that more tariff revenue would help shrink the federal budget deficit by $2.7 trillion from fiscal years 2025 to 2034. Read More
Trump tariffs pose a greater threat to South Korea’s economy than domestic political chaos
The Bank of Korea (BOK) in Seoul on Dec. 28, 2024. Kim Jae-Hwan | Lightrocket | Getty Images Risks posed by South Korea’s political turmoil to its economy could subside within half a year, but external pressures owed to possible tariffs on the country’s exports to the U.S. are “troublesome,” a key Bank of Korea … Read more
Europe’s economy faces the danger of ongoing decline, economists say
German Chancellor Olaf Scholz welcomes French President Emmanuel Macron before a private dinner at the “Kochzimmer” restaurant in Potsdam outside Berlin, Germany, June 6, 2023. Michael Kappeler | Pool | via Reuters It’s been a topsy-turvy last year for the euro zone with its largest economies, Germany and France, seeing political and economic turbulence that … Read more
Singapore economy grew 4.0% in 2024, advance estimate shows, fastest post-pandemic growth By Reuters
SINGAPORE (Reuters) -Singapore’s economy grew 4.0% in 2024, its fastest annual pace since exiting the pandemic, accelerating from an expansion of 1.1% in 2023 and 3.8% in 2022, preliminary government data showed on Thursday. Gross Domestic Product (GDP) rose 4.3% in the fourth quarter from a year earlier, according to advance estimates from the trade … Read more
Wall Street’s predictions for the market and economy in 2025
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Americans are increasingly falling behind on their credit card bills, flashing a warning sign for the economy
The amount of credit card debt written off through the first three quarters of 2024 reached $45.7 billion, up 46% from the same period a year ago. Read More