Retail spending fell in March as consumers pull back
Washington, DC CNN — Spending at US retailers fell in March as consumers pulled back after the banking crisis fueled recession fears. Retail sales, which are adjusted for seasonality but…
India is set to become the world’s most populous country. Can it create enough jobs?
New Delhi CNN — India will overtake China this year to become the world’s most populous country. The likelihood of India passing that major milestone within a few months shot…
Malaysia’s 15th general election, explained: Floods, climate change and years of political instability
CNN — Malaysians will head to the polls on Saturday to vote for a new government following years of political turmoil. Three prime ministers have governed the Southeast Asian country…
The US economic system did not get the recession memo
New York CNN Business — The American economic system didn’t get the memo that it’s intended to already be in a recession. The brutal GDP report launched on July 28,…
Consumer worth hikes took a breather in July, fueling hopes that inflation has peaked
CNN — Runaway inflation took a breather in July, with shopper costs expanding through 8.5% 12 months over 12 months, a slower tempo than the 9.1% building up in June,…