Global Business

Federal Reserve hikes rate by 75 basis points
July 27, 2022

Federal Reserve hikes rate by 75 basis points

The U.S. central bank has raised benchmark interest rates by 75 basis points again, to try and tame soaring inflation. The Federal Reserve’s hike is designed to make credit more expensive, and so cool economic activity.

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July 26, 2022

Rising NYC rents

  The average cost of rent in parts of New York has hit record highs as demand continues to outweigh supply. The Covid-19 pandemic sparked an exodus from the city and slowed residential construction but people are flocking back to the city once again. And […]

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July 26, 2022

‘Gloomy and more uncertain’ GDP forecast

  The global economic climate became even bleaker this Tuesday after another dramatic revision in growth forecasts. The International Monetary Fund released another set of further downgraded predictions just months after a similar pessimistic assessment. And the numbers were released during a critical week for […]

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July 21, 2022

Leaders from Latin America meet for Mercosur Summit

Mercosur, an economic and political bloc that includes Argentina, Brazil, Paraguay, and Uruguay and a population of around 300 million, announced a new trade deal with Singapore, but it was the recent news from Montevideo that dominated this meeting.

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July 14, 2022

June inflation data shows a new surge in prices

U.S. President Joe Biden insists the June inflation data showing another surge in prices over the past month doesn’t reflect declining gasoline prices. Inflation is at a 40-year high and heading towards double digits. Owen Fairclough reports on price rises hitting just about every aspect […]

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July 13, 2022

Bolivia Electric Vehicles to tackle air pollution

By any standard, Bolivia’s city of Cochabamba ​is polluted. It has the dirtiest air in the country – and ranks among the most polluted ​cities in all of Latin America. So a transition away from fossil fuels there cannot come too soon. ​CGTN’s Monica Machicao […]

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July 13, 2022

The science behind cell-based meat gene editing

With brands like Impossible Foods and Beyond Burger, the global plant-based food market is forecast to be worth 79 billion dollars by 2028, but there’s another type of unconventional meat that could factor into the equation. It’s called cultivated meat. Mark Niu takes us to […]

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Fed interest rate rise affects emerging markets
March 19, 2022

Fed interest rate rise affects emerging markets

As U.S. interest rates go up, they’ll likely also impact emerging markets. Most countries are recovering more slowly from the pandemic than the U.S. So the rate move further complicates a difficult economic environment for many nations.

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