Economics

China’s crude oil imports drop for first time since 2001

China’s annual crude oil imports slid 5.4 percent in 2021, dropping for the first time since 2001, as Beijing clamped down on the refining sector…

Feds Harker open to more than three rate hikes in 2022 if inflation worsens - FT

Philadelphia Federal Reserve Bank President Patrick Harker said he would currently support three interest rate hikes this year, starting from March,…

Rupee gains 16 paise to 73.78 against U.S. dollar in early trade

In the previous session, the rupee had settled at 73.94 against the greenback

The rupee appreciated by 16 paise to 73.78 against the U.S. dollar…

Omicron surge threatens Australias economic recovery

Australia’s Omicron surge is leading to staff shortages that have disrupted supply chains and hampered the economy’s recovery.

Australian…

Kazakhstan is huge for crypto mining. Political upheaval could jeopardize that

Political turmoil in Kazakhstan is hitting the country's vast bitcoin mining industry.

The Central Asian nation plunged into chaos…

Bidens economic challenge: Finding workers and goods

President Joe Biden enters the midterm election year of 2022 determined to address what economists call a “supply” problem — there…

As Beijing takes control Chinese tech companies lose jobs and hope

Like many ambitious young Chinese, Zhao Junfeng studied hard in college and graduate school so he could land a coveted job as a programmer at a big…

Visualising Apples $3 trillion market valuation

It took just 17 months for Apple Inc’s stock market valuation to surge from $2 trillion to $3 trillion. Shares of the iPhone maker briefly hit…