Harvard University has found itself at the heart of quite a tussle with the Trump administration. The esteemed institution recently filed a lawsuit to stop the White House from revoking its privilege to enrol international students. The State Department has made headlines by announcing it will pause interviews abroad for those applying for student and […]
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In 2024, Airbnb reached a rather splendid milestone—our 2 billionth guest arrival. This occurred when Wisconsin retirees, Tim and Theresa, stayed with their family in a delightful Airbnb in Sandy, Utah. Across the United States, travelers like Tim and Theresa are booking Airbnbs to reconnect with loved ones and explore new locales. In doing so, […]
A roundtable for the Chinese-European semiconductor upstream and downstream enterprises is held in Beijing on May 27, 2025. Photo: Ministry of Commerce The global semiconductor supply chain is facing tumultuous times, isn’t it? Not to worry, as bright sparks seem to be appearing on the horizon. There’s a notable upswing in efforts between China and […]
The International Monetary Fund, or IMF, has delivered a rather mixed bag of news for the UK economy. On the one hand, they’ve positively nudged their growth forecast for this year, predicting the economy will see an uptick of 1.2% GDP. Yet, they’ve also sounded the alarm over continued trade tensions. These tensions, stemming from […]
At least two dozen Russian companies have suggested not paying dividends from their 2024 results. High interest rates, reduced revenue, and sanctions are taking their toll, according to Vedomosti on Monday. State statistics from Rosstat show a decline in earnings. Total earnings of Russian companies fell to 30.4 trillion rubles ($381.1 billion) in 2024. That’s […]
In an unexpected turn, the administration of US President Donald Trump has sparked considerable debate by halting Harvard University’s ability to enroll international students. Although the action is dressed up as a measure for national security and accountability, a plethora of voices—including economists, educators, and lawmakers—warn that it could wreak havoc on America’s economic interests […]
In recent times, investors are casting doubt on governments’ prowess to manage burgeoning budget deficits. As a result, yields on longer-dated sovereign debt are climbing significantly across the globe. In the United States, the yields on 30-year bonds have edged closer to figures reminiscent of 2007. This arises as President Donald Trump’s tax plan is […]
LOS ANGELES — Despite waning confidence among consumers, homeowners in the U.S. are steadfastly investing in renovations at a surprising rate. Sales from garden supply and building materials shops increased by 0.8% last month. This is the most notable rise since 2022, making a marked 3.2% leap from the previous April. Yet, overall retail sales […]
Amidst the bustling corridors of global finance, Nilton David, Director of Monetary Policy at Brazil’s Central Bank, recently addressed the notion of BRICS economies crafting markets substantial enough to rival the dollar in the next decade. In a rather British understatement, David observed, “There is not a meaningful stock of BRICS-denominated assets that could offset […]
