Tag: TRN

China’s November Price Statistics Indicate Record Low Consumer and Producer Price Index

China’s November Price Statistics Paint a Bleak Picture for Economy China’s National Bureau of Statistics released the November price statistics on the 9th, revealing alarming trends in both the Consumer Price Index (CPI) and the Producer Price Index (PPI). The CPI, in particular, plummeted to a three-year low, while the PPI fell at an accelerated […]

November Employment Report Exceeds Expectations but Interest Rate Cut Still Expected

The November Employment Report and Market Expectations for Interest Rate Cuts The latest employment report for November surpassed market expectations, offering a positive outlook for the US economy. Despite the favorable data, it is still anticipated that the Federal Reserve will implement interest rate cuts in the coming year. There is, however, a growing sentiment […]

International Olympic Committee Allows Russian and Belarusian Athletes to Compete as “Neutral” in 2024 Olympics

The International Olympic Committee (IOC) Allows Russian and Belarusian Athletes to Compete as “Neutral” in 2024 Olympics In a controversial decision, the International Olympic Committee (IOC) announced that athletes from Russia, currently embroiled in a conflict with Ukraine, and its ally Belarus will be permitted to compete in the 2024 Summer Olympics in Paris as […]

Kremlin Spokesman Says Russia Will Not Participate in Peace Talks Based on Ukraine’s Terms in 2024

Kremlin Spokesman Dismisses Possibility of Russia Participating in Peace Talks Based on Ukraine’s 2024 Terms Moscow, Russia – In a statement on the 8th, Kremlin spokesman Peter Peskov labeled as unrealistic the idea that Russia would participate in peace talks based on the terms offered by Ukraine in 2024. Peskov’s remarks came in response to […]

University of Michigan Preliminary Consumer Confidence Index for December Reaches Highest Level Since August

Preliminary Consumer Confidence Index Reaches Highest Level Since August December Consumer Confidence Index The University of Michigan reported on December 8th that the preliminary Consumer Confidence Index for December reached 69.4, marking the highest level since August. This represents a significant increase from the confirmed index of 61.3 in November, marking the first rise in […]

China’s Domestic Passenger Car Sales Surge 25.5% in November

China’s Passenger Car Sales Surge in November The China Passenger Car Association (CPCA) has reported a significant surge in domestic passenger car sales for the month of November, marking the fourth consecutive month of growth. According to CPCA, sales increased by 25.5% year-on-year, reaching a total of 2.1 million units. This notable increase comes on […]

China reduces visa costs for more than a dozen countries, including Japan

China Reduces Visa Costs for Inbound Tourists On the 8th, China announced a 25% reduction in the cost of obtaining a visa for visiting China for more than a dozen countries, including Japan. The measure will be in effect from the 11th until the end of next year. The move aims to increase inbound tourists […]

New Charges Filed Against Hunter Biden for Tax Evasion

Hunter Biden Indicted on New Tax Evasion Charges Los Angeles, Reuters – The US Department of Justice filed new charges against Hunter Biden, the son of President Biden, on December 7. The charges include $1.4 million in tax evasion. According to the indictment filed in the United States District Court for the Central District of […]

Gold Prices Hit All-Time High, But Expected to Pull Back Due to US Interest Rate Uncertainty

Gold Prices Expected to Face Near-Term Adjustment On December 4th, the international price of gold reached an all-time high, prompting speculation about a potential near-term adjustment due to uncertainty surrounding the timing of a US interest rate cut. Analysts, however, suggest that despite this uncertainty, broader geopolitical risks could drive gold to another peak. Recent […]

Italian Prime Minister Meloni Expresses Interest in Strengthening Trade Ties with China

Italian Prime Minister Meloni Discusses Improved Trade and Economic Ties with China On December 7, Italian Prime Minister Meloni (pictured) addressed reporters about the potential for enhancing trade and economic relations with China, despite Italy’s decision to withdraw from the Belt and Road Initiative. Photo taken on March 3 in Belgrade, Serbia (2023 Reuters / […]