economy
Beijing (AFP) - Apple has removed Meta's WhatsApp and Threads from its App Store in China on orders from the country's internet regulator, US media reported Friday. Mainland China has some of the world's most extensive internet censorship, with web users unable to access everything from Google to many foreign apps without workarounds such as a virtual private network (VPN). "We are obligated to follow the laws in the countries where we operate, even when we disagree," Apple said in a statement, according to Bloomberg. "The Cyberspace Administration of China (CAC) ordered the removal of these a...
AFP
Washington (AFP) - European Central Bank president Christine Lagarde suggested Tuesday that the regulator could lower interest rates before a similar move by the US Federal Reserve, saying "we are not Fed-dependent." Speaking in Washington on the sidelines of spring meetings at the International Monetary Fund, Lagarde said Europe was seeing a "disinflationary process" -- with observers betting on the first rate cut to take place in June. "If we don't have a major shock in development, we are heading toward a moment where we have to moderate the restrictive monetary policy," Lagarde said, witho...
AFP
Washington (AFP) - US Treasury Secretary Janet Yellen warned Tuesday of further sanctions targeting Iran following its unprecedented weekend attack on Israel, saying she expects Washington will take added action "in the coming days." US authorities have been using economic tools to counter Iran's activities, taking aim at its drone and missile programs, as well as its financing of groups like Hamas. But from the weekend's attack to "the Huthi attacks in the Red Sea, Iran's actions threaten the region's stability and could cause economic spillovers," Yellen warned at a press briefing. "I fully ...
AFP
Washington (AFP) - The US Federal Reserve's ongoing fight against inflation could take "longer than expected," the head of the US central bank said Tuesday, further paring back the chances of early rate cuts. The Fed has been battling rising prices with interest rate hikes since 2022, lifting its key lending rate to a 23-year high as it looks to hit its long-term inflation target of two percent. But three months of higher inflation data since the start of 2024 have threatened to undermine the expectation of interest rate cuts this year, with one senior Fed policymaker recently suggesting tha...
AFP
Washington (AFP) - The IMF has raised its outlook for the global economy this year, while maintaining a gloomy forecast over the medium term, according to fresh data published Tuesday. The International Monetary Fund now expects the world economy to grow by 3.2 percent this year, up 0.1 percentage point from its previous forecast in January, and by a further 3.2 percent in 2025, according to the latest World Economic Outlook (WEO) report. Global headline inflation is expected to ease from 5.9 percent this year to 4.5 percent in 2025, supported by elevated interest rates in many countries. "The...
AFP
Washington (AFP) - Retail sales in the United States grew more than anticipated last month, government data showed on Monday, defying predictions of weaker consumer demand. US retail sales picked up by 0.7 percent in March to $709.6 billion, after February's increase was revised to 0.9 percent, said the Commerce Department. From a year ago, the March figure was 4.0 percent higher. Boosting the headline figure was a 2.1 percent rise in gas station sales from February to March, said the latest report. Excluding gas stations, overall sales were up by a slightly lower 0.6 percent. But motor vehic...
AFP
Washington (AFP) - The spring meetings of the International Monetary Fund and the World Bank are due to open Tuesday, with two clear objectives: help countries combat climate change, and assist the most indebted nations. The meetings -- which bring central bankers together with finance and development ministers, academics, and representatives from the private sector and civil society to discuss the state of the global economy -- will kick off with the IMF's publication of its updated World Economic Outlook. Even as they look ahead, the meetings will have an air of nostalgia this year, as 2024 ...
AFP
Washington (AFP) - He wanted the US presidential election to be about "Bidenomics." Instead, it risks being about "Bidenflation." Joe Biden faces one of the biggest threats to his hopes of beating Donald Trump from rising prices that are hitting Americans in the wallet. The cost of living is rising more quickly again, just when the 81-year-old Democrat thought he had put the issue behind him to get a clear run at November's vote. Figures this week showed US consumer inflation accelerating to 3.5 percent in the year to March, the second straight month it has risen. Gas prices and rent contribut...
AFP
Washington (AFP) - The recent uptick in US inflation has weakened the case for the Federal Reserve to start cutting interest rates, a senior Fed policymaker told AFP on Thursday. The Fed has lifted its benchmark lending rate to a 23-year high of between 5.25 percent and 5.50 percent as it looks to bring inflation back down to its long-term target of two percent with as little damage to the labor market as possible. While US consumer inflation has slowed significantly since peaking in 2022, it has crept higher in recent months, keeping markets guessing about when the Fed will implement its fir...
AFP
Washington (AFP) - Strong growth in the United States has helped to lift the outlook for the world economy, but more needs to be done to stem a slide in productivity, the head of the IMF said Thursday. "Global growth is marginally stronger on account of robust activity in the United States and in a number of emerging markets economies," International Monetary Fund managing director Kristalina Georgieva said in a speech in Washington. The US economy grew by a robust 2.5 percent last year, according to the Commerce Department, far outstripping most other advanced economies. "Sustained household...
AFP
閲覧を続けるには、ノアドット株式会社が「プライバシーポリシー」に定める「アクセスデータ」を取得することを含む「nor.利用規約」に同意する必要があります。
「これは何?」という方はこちら