The EC declared on Tuesday that it will enforce 'definitive countervailing duties' ranging up to 35.3 percent on Chinese imports of battery electric vehicles (BEVs) for duration of five years. The research revealed that unfair subsidies in China's BEV value chain pose a risk of economic harm to BEV manufacturers in the EU. The duties will become effective the day following their publication in...

A public opinion poll by USA Today and Suffolk University shows that both US Vice President Kamala Harris and former President Donald Trump have nearly the same level of support among Americans. 45% of participants showed a preference for Harris, while 44% favored Trump. Nonetheless, in August, those percentages stood at 48% and 43%. Simultaneously, 57% think Harris lacks sufficient elaboration...

According to sources cited by the Associated Press, US officials are investigating how classified US intelligence information about Israel's plans to strike Iran was made public. The documents are said to have originated from the National Geospatial-Intelligence Agency and the National Security Agency. As per the documentation, Israel is currently in the process of readying its military forces...

According to Verisk, insurance companies might have to pay between $30 billion and $50 billion to cover the losses on insured property caused by Hurricane Milton in Florida last week. Compensation for victims affected by the previous hurricane Helen could potentially reach an additional $11 billion. Analysts point out that evaluating the damage from each hurricane may be challenging due to the...

According to the Fiscal Monitor report from the IMF, global government debt may surpass $100 trillion (equivalent to 93% of global GDP) by 2024. There are predictions of further growth in the medium term, potentially reaching 100% of GDP by 2030. In a severe situation, global debt may rise by almost 20 percentage points beyond the projected baseline, reaching 115% of GDP by 2026. It is very...

US President Joe Biden stated that the approximate damage caused by Hurricane Milton and its consequences in Florida is around $50bn. The president mentioned that efforts are being concentrated on reinstating power in Florida and clearing away debris. Biden added that the government will make every effort to assist those in the impacted areas in restoring order and returning to their homes....

According to a recent Gallup poll, most American voters trust former President Donald Trump more than Vice President Kamala Harris when it comes to managing economic matters. 52% of participants mentioned the economy as their top priority when voting for the president. 54% of people surveyed think Trump would be more effective in managing economic matters. 45% of people indicated a preference to...

The World Bank maintained its prediction of 4.8% GDP growth for China in 2024 and raised its 2025 forecast to 4.3% from the previous 4.1% projection in June. The WB stated in a report on the Asian region that despite the progress made, there is an expected deceleration in China's economy in 2025 due to ongoing issues in the real estate market, weak consumer and business confidence, and structural...

New York has maintained its position as the top financial center worldwide, as determined by the Z/Yen Group Ltd.'s Global Financial Centres Index (GFCI). New York has maintained its top position in the ranking since autumn 2018. In comparison to the last rating in March, New York's score decreased by one point to 763, while London, in second place, saw an increase of three points, bringing its...