measures

Federal Reserve Prepares to Cut Rates to Support Economic Soft Landing

2 months ago

The Federal Reserve (Fed) of the United States has decided to take decisive steps to stabilize the country's economy, considering a potential interest rate cut in the near future. Fed Chair Jerome Powell emphasizes that this decision is aimed at supporting growth and ensuring a smooth adjustment of the economy following a series of rate hikes in the past. Powell states that such measures could help mitigate the negative consequences of a potential recession and improve the chances of a soft landing.

White House Targets Chinese Retailers with Planned Trade Fix

3 months ago

Recently, it has become known that the Biden administration is developing a new set of measures aimed at addressing Chinese retail companies that, according to U.S. authorities, violate American trade laws. This step comes in response to growing concerns over unfair competition and pricing practices that harm American businesses. One of the main goals of this plan is to protect the interests of local manufacturers and consumers while creating fairer trading conditions for all parties involved.

Thailand to Allocate $4.2 Billion in Cash Handouts to Boost Economy

3 months ago

The Thai government has announced plans to allocate $4.2 billion for cash handouts to citizens in an effort to stimulate the country’s economy. This initiative aims to address the economic consequences stemming from the COVID-19 pandemic and the effects of global inflation, which necessitate active intervention from the country's leadership.

Slovak President Urges Cabinet to Act to Avoid EU Aid Sanctions

3 months ago

The President of Slovakia, Zuzana Čaputová, has called on the country's government to accelerate necessary reforms and measures to avoid sanctions from the European Union concerning law enforcement and adherence to the rule of law. In her address, Čaputová emphasized that maintaining financial support from the EU is a crucial aspect for the country's economic resilience, especially in light of a complex economic situation and global challenges.

Korean Land Minister Advocates Rate Cut to Boost Regional Economies

3 months ago

The South Korean Land Minister, Kim Hee-sok, expressed his belief that a reduction in interest rates could positively impact the economic situation in the region. He emphasized that the current economic conditions in the country and its neighboring states necessitate measures to stimulate growth. The minister also called for more proactive steps from the Bank of Korea to ease financial conditions and support businesses.

Singapore Set to Take Decisive Action on Housing Curbs if Needed

3 months ago

The Singaporean authorities are ready to take decisive measures if necessary to control rising housing prices in the country. Finance Minister Lawrence Wong stated that the government is closely monitoring the real estate market and is considering the introduction of additional restrictions to prevent excessive price increases.

China's Home Sales Slump Continues Despite Government Rescue Efforts

3 months ago

Home sales in China remain at low levels despite government measures aimed at stimulating the market. Recent data indicate that the volume of new apartment sales in major Chinese cities has been declining for several months, negatively impacting the economy and prompting discussions around potential adjustments in policy.