March 29, 2024
Economy

BOJ board divided on economy’s strength upon stimulus exit, March summary shows

By Leika Kihara TOKYO (Reuters) – Bank of Japan policymakers were divided on whether the economy was strong enough to weather an exit from ultra-loose monetary policy, a summary of opinions at the bank’s March meeting showed, suggesting the next interest rate hike may take time. The BOJ ended eight years of negative interest rates

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Economy

Refugees could add £1.2 billion in five years to UK economy, report says

THE UK economy could receive net benefits of £1.2 billion in five years if employment support and English-language for refugees were quickly implemented, a new report suggests. The report, From Arrival to Integration: Building communities for refugees and for Britain, uses modelling developed by the London School of Economics, and sets out 16 recommendations. It

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Economy

Poor but improving: economy slowly recovers in line with expectations

Poor but improving: economy slowly recovers in line with expectations Economic data in early 2024 is showing that the economy is likely to be recovering hesitantly as expected, following the contractions in growth in the final part of 2023. This comes in the latest economic assessment from the Fraser of Allander Institute at Strathclyde University.

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Economy

How might a weak Japanese yen affect the U.S. economy?

The Japanese yen dropped to its weakest level relative to the U.S. dollar in 34 years Wednesday morning. It’s more a currency situation than a currency crisis — Japanese finance officials are keeping a close eye. The root cause of the currency situation: Until very recently, Japan’s central bank has kept interest rates low to spur

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Economy

China economy on track for strong March performance: China Beige Book

Employees work on a battery production line at Jiangsu Yongda Power Supply Co. on March 26, 2024 in Suqian, Jiangsu province of China. Vcg | Visual China Group | Getty Images BEIJING — China’s economy is ending the first quarter on a “strong” note, according to a business survey published by the China Beige Book

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Economy

What a strong economy can and can’t fix

The U.S. has recovered from the COVID-19 pandemic’s economic disruption with a strong economy, but a strong economy alone doesn’t address all the challenges Americans face. As part of the Brookings Election ’24 initiative, Wendy Edelberg talks about where the economy is doing better – increasing wages, decreasing inflation – and other areas where social

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Economy

Though U.S. economy shows signs of strength, poll shows third of Americans rate it as poor

A Gallup Poll Wednesday showed perception of the U.S. economy is still negative, although improved from last year. Republicans think it’s bad while Democrats say they think it’s good, according to polling. Actual statistics, meanwhile, touted by President Joe Biden, show a strong economy on GDP, unemployment rates and job creation with inflation falling. File

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Economy

Xi hosts American business leaders in Beijing, calls for closer economic ties

In this photo released by Xinhua News Agency, Chinese President Xi Jinping walks with representatives from American business at the Great Hall of the People in Beijing, March 27, 2024. Shen Hong/Xinhua via AP China’s nationalist leader, Xi Jinping, called for closer trade ties with the U.S. during a meeting on Wednesday with top American

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Economy

Reshaping the gig economy: union representation and worker protections – with Uber

Watch the video now Flexible work has existed for decades. Think about local hairdressers, personal trainers, or tutors working for themselves – or even the jazz musicians in the early 1900s who coined the term ‘gig economy’. But the past ten years of technology have made it more accessible – and visible – to both

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Economy

Material Circularity: Principle No. 2 for Building a Circular Economy

Published 40 minutes ago Submitted by Eastman Eastman Defining the plastic waste problem Imagine all the items you’ve bought, used and discarded in your lifetime. How much space would they take up? What about the items discarded by your neighbors, friends and family? From cars to toys to electronics, appliances, textiles, building materials, packaging, household

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