Imf Raises Growth Forecasts As China Reopens and Gas Prices Fall
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U.K. exits brief recession with stronger-than-forecast 0.6% growth in first quarter
The U.K. saw its fastest growth since late 2021, with a 0.6% rise in the first quarter of 2024.MarketWatch - Business - United Kingdom -
Natural-Gas Prices are Perking Up
Natural-gas prices added to their recent rally following a government report that showed less fuel was injected into U.S. storage facilities last week than analysts expected.The Wall Street Journal - World -
China tech is seeking growth in the Middle East
Companies would face less political scrutiny in a region where ties are mainly centred around economic interestsFinancial Times - World - China -
China consumer prices rise at faster rate in April
Yahoo News - World - China -
European companies in China are under pressure from slower growth, overcapacity
European companies are finding it harder to make money in China as growth slows and overcapacity pressures increase, according to an annual business survey.CNBC - Business - China -
Planet Fitness is raising prices even as it warns customers are growing cost-conscious
Starting this summer, classic card membership will be priced at $15 per month for new members, up from $10 per month.CNBC - Business -
China Auto Sales Fell in April Amid EV Price War
China vehicle sales fell, as consumers held back from big-ticket purchases despite an intense electric-vehicle price war in the world’s largest auto market.The Wall Street Journal - World - China -
WSJ Dollar Index Falls
The dollar weakened, snapping a three-day winning streak, after jobless claims data reinforced hopes of a Fed rate cut this year.The Wall Street Journal - World -
Biden administration plans to raise tariffs on electric vehicles from China
The tariff rate on Chinese EVs is set to jump from 25% to about 100%, sources said, adding that batteries and solar panels from China would also be affected.NBC News - Top stories - Joe Biden -
Oil prices post back-to-back gains, but lackluster gasoline demand raises concerns
Oil futures finished higher on Thursday, building on the gain seen in the previous session after U.S. data showed an unexpected drop in last week’s crude supplies — though weakness in domestic gasoline demand raised concerns over the outlook for ...MarketWatch - Business -
Flooding forecast to worsen in Brazil's south, where often only the poor remain
More heavy rain is forecast for Brazil’s already flooded Rio Grande do Sul state, where many of those remaining are poor people with limited ability to move to less dangerous areasABC News - World -
Forecast reveals where you might see the northern lights in the US this weekend
A series of severe solar storms may lead to the northern lights being seen across the U.S. this weekend, including as far south as Alabama.ABC News - Top stories -
Will the economy slow or fall off a cliff?
There’s a reason famed investor Stanley Druckenmiller recently gave Bidenomics an “F” grade.The Hill - Politics -
World Bank and IMF can press Ghana to rethink ‘punitive’ LGBTQ law, charities say
Charities and campaign groups are calling on bodies to say they may stop funding country if legislation comes into effect. The World Bank and the International Monetary Fund are coming under pressure to use their financial might to persuade Ghana ...The Guardian - World