Economics Reporter

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Chinese embassy seeks urgent meeting with Sri Lankan authorities

The Telegraph India 07 Aug 2022

The Chinese space and satellite tracking research vessel 'Yuan Wang 5' was scheduled to dock at the Hambantota Port from August 11 to 17, weeks after Sri Lanka witnessed a major political turmoil following massive mass protests over the country's worst economic crisis in decades ... But the President's Office denied the media reports over the meeting.

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Korean economy faces heightened downside risks: KDI

Korea Times 07 Aug 2022

The Korean economy faces increased downside risks due to high inflation and worsening external economic conditions, a state-run think tank said Sunday ... and China, the Korea Development Institute (KDI) said in a monthly economic assessment report ... The spillover effect of rate hikes is weighing heavily on overall economic activity," the report said.

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China slows BRI investments amid Ukraine war, COVID-19 pandemic

Beijing News 07 Aug 2022

All of these have increased financing risks considerably, particularly in emerging markets that are facing a triple crisis of inflation (particularly relevant in food, fuel), exchange rate risks, and sovereign debt risks, reported European Times ... in 2019, reported European Times.

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City leaders hope more funding for economic development will help decrease residents’ property tax burden

Lawrence Journal World 07 Aug 2022

The Lawrence city manager’s recommended budget includes a 20% funding increase for economic development, which city leaders hope could ultimately help lighten the property tax burden on Lawrence residents ... Finkeldei also said he thought he would be supportive of the increase in economic development funding.

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The week ahead in business

The Post and Courier 07 Aug 2022

Dominion Energy reports quarterly financial results.�Tyson Foods reports quarterly financial results.�James Hardie Industries, which owns a Summerville siding factory, reports quarterly financial results.�TUESDAY ... reports quarterly financial results.�Hyatt Hotels Corp ... reports quarterly financial results.

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More than 18,000 people have crossed Channel in small boats this year, says MoD

The Observer 07 Aug 2022

The new data follows a newspaper report that claimed that many of those who had crossed the Channel in the past six weeks were economic migrants from Albania, not refugees ... According to the military intelligence report, defence officials believe nine competing organised crime groups are targeting Britain.

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Economic Slowdown Now, Recession Coming in 2023

The Epoch Times 07 Aug 2022

Commentary Economic slowdown but no recession! That message comes from the latest employment report, service sector data, and Federal Reserve.

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Apart from N41tn Public Debt, FG Owes CBN $47bn, Report Reveals

This Day 07 Aug 2022

Some African countries, which hit capital markets as global interest rates plunged to a record low, are on the verge of default due to the economic impact of the COVID-19 pandemic and Russia’s invasion of Ukraine, Bloomberg reported ... World Trade Organisation (WTO) Director-General Ngozi Okonjo-Iwela attended its launch, the report said.

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As Conversations Shift to New Opportunities in Nigerian Economy

This Day 07 Aug 2022

Before now, discussions at business and economic fora had centred on the frightening dimension of the Nigerian economic crisis and its implications for the living conditions of average Nigerians. But currently, the tide seems to be changing as stakeholders are now focusing on the pathways to economic recovery, reports Festus Akanbi.

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The Strategies of Global Warfare: War with China and Russia? Washington’s Military Design in the Asia-Pacific

GlobalResearch 07 Aug 2022

For an updated analysis (December 2018) of US war scenarios against both Russia and China, see Manlio Dinucci‘s incisive analysis of the US National Defense Strategy Commission report entitled ... WAR WITH CHINA IS CURRENTLY ON THE DRAWING BOARD OF THE PENTAGON AS OUTLINED IN A RAND REPORT COMMISSIONED BY THE US ARMY.

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China seeks urgent meeting with Sri Lanka over 'India's concerns'

India TV 07 Aug 2022

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Brexit fantasy set to unravel with Johnson’s departure

The Irish Times 07 Aug 2022

The UK’s economic difficulties - from inflation to trade and staff shortages - are being compounded by Brexit ... A recent government report warned that staff shortages “caused by Brexit and accentuated by the pandemic” were badly affecting the food and farming sector, with fruit suppliers often forced to leave produce rotting in the fields.

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EXPLAINER: How do we know when a recession has begun?

Cascade Business News 07 Aug 2022

economy is heading for a recession got more difficult to answer Friday, when a report showed employers hired hundreds of thousands more workers last month than expected ... On one hand, two straight quarters of economic contraction is a long-held, though informal, definition of a recession.

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China and Taiwan’s Potential Economic Impact, Bear Market Warnings, and FC Barcelona Metaverse News — ...

Bitcoin 07 Aug 2022

From ominous speculation about the potential economic fallout of military conflict between Taiwan and China, to markets being flooded with designer watches in the wake of a ... Reports Say Beijing Attacking Taiwan Could Lead to ‘Far-Reaching Economic Consequences’.

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Booming home prices, rising interest rates put pressure on NWA apartment rentals, experts say.

Arkansas Democrat-Gazette 07 Aug 2022

The residential rental vacancy rate in Northwest Arkansas fell to 3% earlier this year, according to the latest figures from the Skyline Report, a series of reports on the real estate market commissioned by Arvest Bank from the University of Arkansas' Center for Economic and Business Research.