China inflation picture became increasingly divided in June, with factory-gate prices climbing at their fastest pace in nearly four years while consumer price growth lost momentum, highlighting the uneven nature …
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Economy
Largest Foreign Exchange Reserves: Top 10 Countries in the World
by Akash Biswasby Akash BiswasAmong the world’s 10 largest foreign exchange reserve holders, China ranks first with $3.4 trillion, almost three times more than Japan ($1.3 trillion), and Switzerland ($932.3 billion) is in third …
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The United States ranks first among the top ten largest importers in 2025, followed by China, Germany, the United Kingdom, the Netherlands, Hong Kong, France, Japan, India, and Mexico. The …
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Economy
US Charges 3 Tied to Super Micro in AI Chip Smuggling Plot to China
by Lissa Oxmemby Lissa OxmemFederal prosecutors in the United States have charged three men tied to Super Micro Computer in what authorities describe as a sweeping effort to send advanced artificial intelligence server technology …
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Economy
US GDP Revised Down to 0.7% as Inflation Hits 3.1% Before Iran War
by Lissa Oxmemby Lissa OxmemThe United States economy entered 2026 with signs of slowing momentum after official figures showed that US GDP growth for the fourth quarter was revised down to just 0.7%. The …
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Economy
US Consumer Confidence Surges in February, Job Outlook Brightens
by Lissa Oxmemby Lissa OxmemUS consumer sentiment improved in February 2026, offering a welcome sign of resilience in the world’s largest economy after a shaky start to the year. Newly released survey data showed …
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Economy
UPS to Cut 30,000 Jobs as Company Pushes Major Restructuring Plan
by Lissa Oxmemby Lissa OxmemUnited Parcel Service (UPS) announced on January 28, 2026, during its latest earnings update, plans to cut up to 30,000 jobs as part of a broad restructuring effort aimed at …
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Among the world’s top 10 billionaires in 2026, Elon Musk is in first place with $714 billion, followed by Larry Page, Jeff Bezos, Larry Ellison, Sergey Brin, Mark Zuckerberg, Bernard …
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Economy
Trump Second Term How Tough Tariffs and a Bold Crime Crackdown
by Lissa Oxmemby Lissa OxmemDonald Trump is closing in on the first year of his Trump Second Term, and he is already framing it as a comeback story built on two pillars he says …
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Economy
World’s Top 10 Highest-Valued Currencies in 2025: Where Does the US Dollar Stand?
by Akash Biswasby Akash BiswasThe Kuwaiti Dinar has maintained its position as the world’s highest-valued currency in 2025, with an exchange rate of approximately 1 KWD = 3.27 USD. The main reasons for the …