EY-Parthenon – Charm

US, Europe and UK will need to invest an extra $23.6 trillion in next 25 years to ‘break free’ from China; Why even then it may not work

1 month ago05 mins

An analysis has claimed that if the West – the US, Europe and the UK – are to reduce their dependence on Chinese manufacturing, technology and supply chains, they will have to invest $23.6 trillion over and above what they plan to in the next 25 years. According to a report by consultancy EY-Parthenon (via…

US Fed expected to hold rates steady as Iran war roils outlook

Cs news6 months ago07 mins

US Federal Reserve policymakers are expected to leave interest rates unchanged at their meeting next week, as the US-Israel war on Iran sends shock waves through markets and recent economic data has begun to show weakness. The Fed will start its two-day meeting on Tuesday, with an announcement of the benchmark lending rate in the…