Economy

During Janet Yellen’s recent visit to China, she urged Chinese authorities to address their overcapacity problems to prevent global spillovers.

‘We’ve seen it play out this way every single time a foreign automaker plant has been unionized; not one of those plants remains in operation,” they said.

Further progress in the battle against inflation boosts expectations of interest rate cuts to be announced by the Bank of England.

The Resolution Foundation said the designers of Universal Credit hadn’t anticipated 2.3 million people using the system because they were too ill to work.

While the recent job numbers ‘look shiny from a distance,’ economic forecaster Sean Snaith said that ’there’s a little bit of tarnish.’

The new plan also raises bond requirements for reclaiming oil and gas wells dug on public land.

There are concerns the cost-of-living adjustment hike won’t help in countering elevated prices, thus putting beneficiaries in a financially challenging position

‘Further performance deterioration could be on the horizon,’ a Fed report warns.

In capital cities which have a greater demand for rental accommodation, prices have risen exponentially—outpacing wage growth.

The president says he’s confident a rate cut is coming this year.

The Bank of England has, on numerous occasions, indicated it needs to see sustainable easing of inflation before it could move to cut interest rates.