Economy news
China Intends to Go It Alone in Chip Manufacture Pledge
China’s ruling Communist Party is encouraging the country’s biggest e-commerce company Alibaba to design and manufacture its own computer processor chips. President Xi has recently said that “Self-reliance is the foundation for t...
Japan Resists Tackling Inflation
Bank of Japan Governor Haruhiko Kuroda announced this week that it was too early for the country to start changing its monetary policy to tackle inflation. The world’s third largest economy is set to lag behind other industrialized nations w...
US Fed Signals Three Interest Rate Hikes In 2022
Officials at the US Federal Reserve have announced a plan to increase the benchmark interest rate to 0.9% in 2022, up from the 0.3% indication from September’s meeting. Analysts say this equates to three rate hikes next year. In the sa...
US Fed Expected To Tackle Inflation
Faced with no other choice, the US Federal Reserve is expected to implement stronger measures to tackle inflation. New Fed Chair, Jerome Powell, takes his seat with high inflation affecting the US economy. Consumer prices in the world’...