Tag: US

G7 leaders unveil $600 billion plan to invest

G7 leaders unveil $600 billion plan to invest

The investments will involve developing countries and are an effort to compete with China's Belt and Road Initiative.
Russia is insolvent

Russia is insolvent

Russia has the money to pay its debts, but the sanctions will not allow it to repay it. The Russian side called the situation a farce.
Netflix announced another round of staff layoffs

Netflix announced another round of staff layoffs

Netflix has already laid off 150 employees in May and it looks like it's still not over. Now it has announced the layoff of 300 more.
Joe Biden wants to suspend the gasoline tax

Joe Biden wants to suspend the gasoline tax

US President Joe Biden will today call on Congress to approve a three-month suspension of the federal gasoline tax.
Airlines are not having a good time

Airlines are not having a good time

The world's airlines are facing a dual problem caused by a combination of the strong US dollar and high oil prices.
Microchip sector grows fastest in China

Microchip sector grows fastest in China

The microchip sector is growing faster in China than anywhere else in the world, and Chinese companies are reporting record sales.
The US housing market is going through tough times

The US housing market is going through tough times

Mortgage rates in the US rose by more than 0.5% this week, an increase not seen in decades. This may be a problem for many Americans.
Fed fights inflation and raises interest rates by 0.75%

Fed fights inflation and raises interest rates by 0.75%

The US Federal Reserve raised the base interest rate by 0.75%. It continues to tighten monetary policy in an attempt to tame high inflation.
A good starting point for the US

A good starting point for the US

The economy is undergoing a transformation and the United States is very well positioned for it. The US has a strong labor market.
G-7 countries take steps towards cleaner energy

G-7 countries take steps towards cleaner energy

The top environment ministers of the G-7 countries have agreed to end government funding for international coal-fired power generation.