Treasury Secretary Yellen wants India to be part of the Biden administration’s “friend-shoring” agenda but trade tensions linger.
Category: International Trade and World Market
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U.S. Seeks Closer Ties with India as Tension with China and Russia Builds
The New York Times – Business: -
Germany’s Leader Seeks Accord With China on Covid Vaccines
The New York Times – Business:Chancellor Olaf Scholz said during a visit to Beijing that China and the European Union were working toward approval of each other’s pandemic vaccines.
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Inflation, GDP and the Economy: What We Learned This Week
The New York Times – Business:Fresh data on inflation and growth, and actions by policymakers , created a complex picture of the global economy.
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US Economy Grew at 2.6% Annual Rate in Q3, GDP Report Shows
The New York Times – Business:Gross domestic product increased 0.6 percent after two quarters of decline, but key components continue to show an economic slowdown.
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A Rising Dollar Is Hurting Other Currencies. Central Banks are Stepping In.
The New York Times – Business:The Federal Reserve’s interest rate hikes are unsettling global markets and prompting other central banks to prop up their domestic currencies.
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As Britain’s Economy Stumbles, One Sector Is Booming: Whisky
The New York Times – Business:Scotch whisky exports have soared this year. The weak British pound could spur even more demand for single malt scotch.
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Bread Prices Skyrocket as Inflation Grips Europe
The New York Times – Business:The elevated costs of flour, nuts, eggs and even electricity are forcing bakers to increase their prices and cut their production.
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China’s GDP Data Delay Points to Murky Economic Picture
The New York Times – Business:The delay in announcing routine growth data this week was only the latest example of how hard it has become to peer into China’s economy, the world’s second largest.