I.M.F. Sees Steady Growth but Warns of Rising Protectionism

[ad_1] The global economy is approaching a soft landing after several years of geopolitical and economic turmoil, the International Monetary Fund said on Tuesday. But it warned that risks remain, including stubborn inflation, the threat of escalating global conflicts and rising protectionism. In its latest World Economic Outlook report, the I.M.F. projected global output to … Read more

Biden returns to his Scranton roots to pitch tax plan

[ad_1] WASHINGTON — President Joe Biden returns to his childhood hometown of Scranton on Tuesday to open three straight days of campaigning in Pennsylvania, capitalizing on the opportunity to work the battleground state while Donald Trump spends the week in a New York City courtroom for his first criminal trial. The Democratic president plans to … Read more

Why Germany Can’t Break Up With China

[ad_1] When Germany’s chancellor, Olaf Scholz, took office in 2021, he pledged that his government would shift his country’s relationship with China away from one of economic dependence. Three years later, talk of scaling back reliance on China has been replaced with calls for equal access to China’s market for foreign firms. That strategy puts … Read more

Nissan says it will make next-generation EV batteries by early 2029

[ad_1] YOKOHAMA, Japan — Nissan expects to mass produce electric vehicles powered by advanced next-generation batteries by early 2029, the company said Tuesday during a media tour of an unfinished pilot plant. Japan’s legacy automakers have fallen behind newer rivals like America’s Tesla and China’s BYD in the emerging all-electric auto sector. But Nissan, like … Read more

Unemployment jumps as UK jobs market stalls

[ad_1] “With employment falling sharply and the unemployment rate climbing, we suspect wage growth will continue to ease in the coming months,” said Paul Dales, chief UK economist at Capital Economics. “That may allow the Bank to cut interest rates in June.” [ad_2] Source link

Germany’s Leader Walks a Fine Line in China

[ad_1] Chancellor Olaf Scholz of Germany tried to strike a delicate balance on a trip to China this week, promoting business ties with his country’s biggest trading partner while criticizing its surge of exports to Europe and its support for Russia. Mr. Scholz met with China’s top leader, Xi Jinping, at the Diaoyutai State Guesthouse … Read more

China’s economy grew 5.3% in first quarter, beating expectations

[ad_1] HONG KONG — China’s economy in the first quarter beat expectations while receiving a boost from policies and an increase in demand, the government said Tuesday. The world’s second-largest economy expanded at a 5.3% annual pace in January-March, beating analysts’ forecasts of about 4.8%, official data show. Compared to the previous quarter, growth was … Read more