Global Economy
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'Silk' Review: Unspooling a Global Commodity
For thousands of years, moth larvae have been farmed for silk. Industries and economies still rely on the precious fibers.The Wall Street Journal - World -
Watch Out for a Global Wealth Tax
Will Biden and Yellen buy into the G-20 proposal for a 2% tax on assets?The Wall Street Journal - World -
Global delegates negotiate plastic pollution treaty
Representatives from across the world are gathering in Ottawa, Canada, to negotiate a potential treaty to limit plastic pollution. CBS News national environmental correspondent David Schechter has the latest on the talks.CBS News - Top stories -
Conservation is saving species, global study says
A first-of-its-kind study shows conservation is worth investing in, researchers say.BBC News - Top stories -
Top 20 Global Concert Tours from Pollstar
AP Global Top 20 Pollstar Week of 04/29/24ABC News - Entertainment -
America's Economy Is No. 1. That Means Trouble.
Solid growth, big deficits and a strong dollar stir memories of past crises.The Wall Street Journal - World -
America's Economy Is No. 1. That Means Trouble
If you want a single number to capture America’s economic stature, here it is: This year, the U.S. will account for 26.3% of the global gross domestic product, the highest in almost two decades. That’s based on the latest projections from the ...The Wall Street Journal - World -
US West seeks development of workforce, sustainable economy
Welcome to The Hill's Sustainability newsletter {beacon} Sustainability Sustainability The Big Story US West seeks development of workforce, sustainable economy As hotspots across the U.S. West strengthen their stature as hubs for technological ...The Hill - Politics -
U.S. Economy Grew at 1.6% Rate in First-Quarter Slowdown
Gross domestic product, adjusted for inflation, increased at a 1.6 percent annual rate, but the report also included more evidence that the Federal Reserve’s efforts to tame price increases have stalled.The New York Times - Top stories -
U.S. Economy Grew at 1.6% Rate in First Quarter
Consumers ensured that growth continued, but the latest data showed signs of vulnerability elsewhere.The New York Times - Business -
TSMC Shares Fall After Downgrading 2024 Global Chip Outlook
Shares of Taiwan Semiconductor Manufacturing fell sharply as investors’ worries about the chip maker’s cautious outlook for the industry eclipsed its upbeat first-quarter financial results.The Wall Street Journal - Tech -
Football’s unlikeliest global brand: how Fleetwood made it big in the UAE
Despite relegation to England’s fourth tier, Cod Army have cast net to be like ‘City Football Group but on a much smaller scale’. Fleetwood United’s celebrations on becoming second division champions in the United Arab Emirates could not be ...The Guardian - World -
Harley-Davidson’s stock skids as global motorcycle shipments fall
The motorcycle icon beat analyst estimates, but its shares fell 15.4%.MarketWatch - Business -
Global heating and urbanisation to blame for severity of UAE floods, study finds
World Weather Attribution group says intensified El Niño effects caused torrential rain, but rules out cloud seeding as cause. Fossil fuels and concrete combined to worsen the “death trap” conditions during recent record flooding in the United ...The Guardian - World -
Apollo Global to Buy U.S. Silica in $1.85 Billion Deal
U.S. Silica Holdings has agreed to be taken private by Apollo Global Management in a deal that gives the industrial minerals company an enterprise value of roughly $1.85 billion.The Wall Street Journal - World -
Apollo Global to Buy U.S. Silica in $1.85 Billion Deal
U.S. Silica Holdings has agreed to be taken private by Apollo Global Management in a deal that gives the industrial minerals company an enterprise value of roughly $1.85 billion.The Wall Street Journal - World -
US no longer viewed as most influential global power in Africa: Survey
The United States is no longer viewed as the most influential global power in Africa, having been surpassed by China in a new survey from Gallup. The survey found that median approval ratings of the U.S. slipped from 59 percent in 2022 to 56 ...The Hill - Politics -
Apollo Global to Buy U.S. Silica in $1.85 Billion Deal
U.S. Silica Holdings has agreed to be taken private by Apollo Global Management in a deal that gives the industrial minerals company an enterprise value of roughly $1.85 billion.The Wall Street Journal - Business -
Investors bet global central banks will be forced to delay rate cuts
Market expectations for loosening in Europe and UK pushed back as US grapples with a hot economyFinancial Times - Business -
Paramount Global CEO Bob Bakish expected to leave the company
Paramount Global's Chief Executive Bob Bakish is expected to be ousted from the media giant, according to two sources familiar with the matter. The move comes as Paramount considers its future.Los Angeles Times - Entertainment -
Investors bet global central banks will be forced to delay rate cuts
Market expectations for loosening in Europe and UK pushed back as US grapples with a hot economyFinancial Times - World -
GDP set to top 2% again, extending hot streak for U.S. economy
The U.S. economy appears to have grown by 2% or more for the seventh quarter in a row in the first three months of 2024 — but a wider trade deficit could throw up a roadblock.MarketWatch - Business -
South Korea's Economy Posts Stronger-Than-Expected First-Quarter Growth
Asia’s fourth-largest economy expanded 3.4% in the first quarter on improving private consumption, construction increases and steady exports.The Wall Street Journal - World - South Korea -
Meet the weavers, knitters and designers recharging Ireland’s luxe economy
The country used to export its big names. Now they’re staying homeFinancial Times - World -
US economy grew less than expected in first quarter at 1.6% rate
Previous indicators of robust growth have set back expectations of Fed rate cuts and wrongfooted marketsFinancial Times - World -
Biden dealt blow as investors scale back bets on pre-election rate cut
Markets no longer fully confident of move by September following new growth and inflation dataFinancial Times - Business - Joe Biden -
U.S. Economy Grew at 1.6% Rate in First-Quarter Slowdown
Gross domestic product, adjusted for inflation, increased at a 1.6 percent annual rate in the first three months of the year.The New York Times - Business -
Singapore Economy Likely to Strengthen This Year, But Faces Long-Term Pressures
Singapore’s central bank said growth could be driven by the global electronics upturn, which is broadening beyond semiconductors and is fueling growth in Asia’s emerging markets.The Wall Street Journal - World -
China's middle-class sees decrease in confidence as economy faces slowdown
NBC News' Janis Mackey Frayer speaks with a 39-year-old Beijing resident who is navigating being laid off from an internet company while the middle-class in China decreases.NBC News - Top stories - China -
North Korea’s Kim seeks to build on Russia ties to resuscitate economy
Pyongyang mobilises army to increase industrial capacity in battered regionsFinancial Times - World - North Korea -
North Korea’s Kim seeks to build on Russia ties to resuscitate economy
Pyongyang mobilises army to increase industrial capacity in battered regionsFinancial Times - Business - North Korea -
Ministers of Germany, Brazil, South Africa and Spain: why we need a global tax on billionaires
Finance chiefs say higher taxes for the super-rich are key to battling global inequality and climate crisis. Billionaires should pay minimum 2% wealth tax, say G20 ministersWhen the governors of the World Bank and the International Monetary Fund ...The Guardian - World -
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French president will outline his vision for Europe as an assertive global power amid war in Ukraine
French President Emmanuel Macron is expected to outline his vision for Europe to become a more assertive global power at the backdrop of war in Ukraine and other security and economic challenges in a speech on Thursday, ahead of pivotal European ...ABC News - World - Ukraine -
Global battery rollout doubled last year – but needs to be six times faster, says IEA
Energy watchdog warns pace must accelerate to hit targets after new batteries increased capacity by 130%. The rollout of batteries across the global electricity industry more than doubled last year but will need to be six times faster if the world ...The Guardian - World -
Antony Blinken meets with China's President Xi as US, China spar over bilateral and global issues
U.S. Secretary of State Antony Blinken has met with Chinese President Xi Jinping and senior Chinese officials in BeijingABC News - World - China -
Paramount Global's board is considering replacing CEO Bob Bakish, according to people familiar with the situation.
Paramount Global’s board is considering replacing CEO Bob Bakish, according to people familiar with the situation.The Wall Street Journal - World -
‘Dismissing global warming? That was a joke’: Jeremy Clarkson on fury, farming and why he’s a changed man
The former Top Gear presenter claims his controversialist persona was just a caricature, and he’s really a reformed character living the good life. But do old habits die hard?. “Are you happy?” I ask Jeremy Clarkson. A few times on Clarkson’s ...The Guardian - World -
Zuckerberg defends Meta’s AI spending spree as shares tumble
Parent of Facebook and Instagram reports better than expected quarterly revenue but raises capex guidanceFinancial Times - Business -
US growth slowed sharply last quarter to 1.6% pace, reflecting an economy pressured by high rates
The nation’s economy slowed sharply last quarter to a 1.6% annual pace in the face of high interest rates, but consumers — the main driver of economic growth — kept spending at a solid paceABC News - Top stories