The truckers' strike has caused a gasoline deficit.

According to the energy ministry, a countrywide strike by the country's unionized truckers has caused some local petrol stations to run out of gasoline and diesel, leading owners of automobiles and buses to brace for a full-fledged fuel scarcity next week.

Up to 80% of cargo trucker...

In the event of a power deficit, Germany will maintain two nuclear power facilities on standby

Despite its plan to phase out the power source by the end of this year, officials said on Monday that Germany will keep two nuclear power facilities on reserve until next spring to avoid a lack of energy.

Following a power system stress test to assess the safety of the nation's elec...

Korea has raised the red flag due to an all-time high trade deficit.

As per Last month, South Korea posted an all-time high trade deficit as a result of ballooning raw material import prices and comparatively poor export growth, raising a red flag for Asia's 4th largest economy, which is heavily reliant on exports for growth.

According to the Ministr...

CHINA’S SEO’S PROFITS ROSE 240%; TRADE SURPLUS AT $34.47 BILLION IN APRIL

Highlights –

• China’s SEO’s profits rose 240%; trade surplus at $34.47 billion in April.
• The profits of centrally administered SOEs rose 160 percent year on year.
• The debt-to-asset ratio of the country's SOEs came in at...

US TRADE DEFICIT WIDENS TO RECORD $71.1 BN IN FEBRUARY

Highlights

• According to the Commerce Department data released on Wednesday, the gap in trade of both goods and services went up to a sum of $71.1 billion in February from a revised $67.8 billion a month prior

• On the other hand, total imports went down by 0.7% to ...

US TRADE DEFICIT COURTESY OF IMPORTED GOODS WENT UP BY 1.9 PERCENT IN JANUARY

Highlights

• The Commerce Department reported that the difference between the goods and services the US sold and what it had purchased abroad went up to $68.2 billion from $67 billion in December

• While the exports jumped 1 percent to $191.9 billion, the imports als...

US TRADE DEFICIT RISES 17.7% IN 2020 TO $679 BILLION, HIGHEST SINCE 2008

Highlights

• The Commerce Department said that the difference between the value of the goods and services the US sells abroad and what it purchases jumped from $577 billion in 2019

• The impact of tax policies imposed by the former US President Donald Trump to narrow...

U.S. BUDGET DEFICIT SURPASSED $3.1 TRILLION IN 2020: DATA

Highlights

• According to the data released jointly by the White House and the Treasury Department, this year the government has shelled out $6.552 trillion which is up from $4.447 trillion in 2019

• This government released data clearly showcases the impact of COVID...

UK GOVERNMENT EXCEEDED THEIR BORROWING CAPACITY

Highlights –

• The UK is under immense debt; more than its economy.
• The government has borrowed more than its limit.
• Current borrowing debt is over $24.08 trillion in total.
• The ONS mentioned that April's borrowing figure...

RESEARCHERS FEAR UK BORROWING VAST SUM OF MONEY MAY LEAD TO BUDGET DEFICIT

Highlights –

• UK government is borrowing quite a sum of money to save its economy from the pandemic.
• Market research experts say that continued borrowing may lead to a budget deficit.
• A deficit of around $161 billion to occur in five y...

U.S – CHINA TRADE DISPUTES AFFECT JAPAN’S MANUFACTURING INDUSTRY

Highlights:

• Japan reported trade deficit for the second consecutive year
• U.S -China trade disputes have directly affected Japan

China’s reduced demand from Japan due to ongoing trade disputes with the U.S has resulted in declin...

The India economy in 2010s and its growth

The decade and the year both are coming to an end. In the past decade, the Indian economy has gone through major peaks and falls. India's economic growth has slowed down to 4.5 % by the end of 2019, from the growth of around 9 % in 2010. 

The factors that changed the Indian eco...

Federal deficit mounting up

The United States economy has been the number one economy for a very long time now, and the nation has been seen as a pretty stable one, but the economic stability has been in doubt as the United States President Mr. Donald Trump has invited a huge trade war with China and the economy of the nati...

Forex China narrows

Forex trading has been largely affected as the United States and China trade war had slowed down the economies involved and also had a global impact as the economic slowdown started during the trade war between these nations. Apart from economic and trade deficits, there have been huge deficits i...

Mergers of banks threaten the insurances

As the financial and banking systems are on the verge of collapsing in India there have been developments in the insurance sector too that have been seeing a downfall as a result of various fraudulent activities in the insurance world that have been rising in number in the recent years.