economy – 9xm News

‘Economy is like baking, H-1B is key ingredient’: Expert says US will have to import ‘cake’ or ‘use inferior recipe’

Economist Justin Wolfers said H-1B is a main ingredient required to bake economy cake in the US. Australian economist Justin Wolfers, a professor of economics at the University of Michigan, came under MAGA fire as he has been speaking in support of the H-1B visa program that allows US companies to hire skilled workers from […]

‘Snapback’ over nuclear programme: UN hits Iran with sanctions; economy, tensions likely to worsen

File photo (Picture credit: AP) The United Nations has reimposed wide-ranging sanctions on Iran over its nuclear programme, further tightening the squeeze on the Islamic Republic as it grapples with soaring food prices, currency collapse and fears of renewed conflict with Israel and the United States.According to news agency Associated Press (AP), the sanctions—revived through […]

Brazil’s Economy Slows Sharply in Q2 but Outperforms Expectations | Udaipur Kiran

Brasilia (Udaipur Kiran) – Brazil’s economy experienced a marked slowdown in the second quarter of the year but still exceeded market forecasts, according to official data released on Tuesday. The performance was supported by strong services activity and growth in the extractive industry. Gross domestic product (GDP) for Latin America’s largest economy grew by 0.4% […]

UAE: Emirates expands premium economy services to India and key Middle East destinations | World News

Emirates is deploying retrofitted A380s, Boeing 777s, and Airbus A350s to expand Premium Economy service across Amman, Mumbai, Muscat, and Bahrain/Image: Emirates Emirates is expanding its Premium Economy service to four key cities in the Middle East and West Asia, with a fresh wave of next-generation aircraft deployments. As part of its massive retrofit programme, […]

China’s Economy Slows Broadly Even as Exports Keep Rising

The Chinese economy slowed noticeably in July, according to official statistics released on Friday, highlighting a complex set of challenges facing China amid growing global tensions over trade. The government attributed the slowdown partly to the trade war with the United States, though China’s economy is still suffering the overhang of a four-year-long crash in […]

Ukraine government reshuffle: PM Shmyhal resigns; economy minister named Svyrydenko successor

Ukraine’s outgoing PM Denys Shmyhal Ukraine’s Prime Minister Denys Shmyhal said that he submitted his resignation letter on Tuesday ahead of an anticipated major government restructuring this week, as reported by Reuters.This comes as President Volodymyr Zelenskyy on Monday carried out the biggest reshuffle in his government since the war with Russia began, as he […]

‘This will devastate the economy of India’: Republican leader’s dire warning amid H-1B row

A Republican leader posted a warning for India’s economy amid the ongoing H-1B row. Republican leader Virgil Bierschwale who has emerged as a prominent voice against the H-1B visa program that allows US companies to hire skilled people from foreign countries, has sounded a dire warning for the Indian economy. Reacting to the news that […]

JD Vance slammed for his family meeting with Indian-origin venture capitalist amid H-1B row: ‘We can kiss our economy goodbye’

JD Vance recently met Indian-origin Silicon Valley venture capitalist Asha Jadeja Motwani. Vice president JD Vance’s photo with Indian-origin venture capitalist Asha Jadeja Motwani became a flashpoint amid the H-1B row as social media users questioned what was the purpose of the visit at a time when MAGA activists are opposing the US’s quota for […]

Singapore economy beats Q1 forecasts, warns of trade war risks | World News

SINGAPORE: Singapore’s economy rose faster than expected in the first quarter year-on-year, official data showed Thursday, pushed by stronger global demand as businesses rushed to beat the imposition of higher US tariffs.The government, however, warned that downside risks remained as a full-blown trade war between the United States and China could still reignite after the […]

China’s economy slows in April as trade war blues hit retail sales, housing and investment | World News

China’s economy slows in April as trade war blues hit retail sales, housing and investment (Photo: AP) China’s economy showed signs of slowing in April as President Donald Trump’s trade war took a toll, with retail sales, property and investment coming in weaker than economists had forecast. Industrial production slowed as Trump’s painfully high tariffs […]