Japan economy expected to shrink in Q1 due to weak consumption
Japan’s economy likely contracted an annualised 1.5% in the January-March quarter as all key drivers of growth slumped due to…
Fed’s Jefferson favors holding rates steady until clear inflation ebbing
Federal Reserve Vice-Chairman Phillip Jefferson said Monday that until it’s clear price pressures are moderating, he supports holding steady on…
Euro zone banks have halved exposure to Russia, ECB’s Buch says
Euro zone banks have more than halved their exposure to Russia since the invasion of Ukraine, the European Central Bank…
How hard will new Biden tariffs hit China?
U.S. President Joe Biden is set to announce new China tariffs as soon as Tuesday, targeting sectors including electric vehicles,…
India’s retail inflation eases slightly in April, surge in food prices continues
India’s retail inflation rate eased slightly in April, partly due to lower fuel prices, although food prices remained elevated, government…
China’s consumer prices rise for third month, signalling demand recovery
China’s consumer prices rose for a third straight month in April, while producer prices extended declines, signalling an improvement in…
NY Fed survey finds general expectations of higher inflation
Americans last month braced for generally higher inflation pressures over the next few years and accelerating home price increases, according…
Yellen says Chinese response possible on expected US tariff action
The United States could see a significant response from China following any U.S. tariff actions,U.S. Treasury Secretary Janet Yellen said…
U.S. Navy Expeditionary Sea Base Goes Aground off Gabon
Last week, the expeditionary sea base USS Hershel “Woody” Williams ran aground just off Libreville, Gabon. The ship refloated and…
How Classification is Evolving to Support Innovation and Sustainability
The maritime sector is evolving as artificial intelligence (AI) and digitalization redefine operational standards. This shift offers unprecedented opportunities to…