Uzbek Cotton Industry Greets End of 13-Year Global Boycott

Uzbek Cotton Industry Greets End of 13-Year Global Boycott

Tashkent, Uzbekistan — Uzbek cotton farmers are celebrating the lifting of a 13-year-old international boycott of their product following a finding that the cautiously reform-minded government is no longer using organized forced labor to harvest the economically vital crop. The decision will open the door to long-closed markets for one of the world’s biggest cotton … Read more

Experts estimate 8 endangered porpoises may remain in Mexico

Experts estimate 8 endangered porpoises may remain in Mexico

The Sea Shepherd environmental group says scientists estimate that only about eight of the world’s most critically endangered porpoises may remain in the Gulf of California, the only place where the vaquita marina lives ByThe Associated Press April 6, 2022, 12:20 AM • 4 min read Share to FacebookShare to TwitterEmail this article MEXICO CITY … Read more

Teens spend on Nike and Lululemon despite concerns about US economy

Teens spend on Nike and Lululemon despite concerns about US economy

Athletic apparel sits on display inside a Lululemon Athletica store. Xaume Olleros | Bloomberg | Getty Images Teens are spending more and shifting their shopping clothes, even as they worry about growing economic uncertainty, according to a new survey. Athletic apparel brands such as Lululemon and Nike that combine comfort and fashion are winning out … Read more

Global government debt set to soar to record $71 trillion this year: Research

Global government debt set to soar to record $71 trillion this year: Research

People wearing protective face masks wait at a bus stop with a display of the current national debt amid the coronavirus disease (COVID-19) pandemic in Washington, January 31, 2022. Sarah Silbiger | Reuters LONDON — Global sovereign debt is expected to climb by 9.5% to a record $71.6 trillion in 2022, according to a new … Read more

BOJ will be ‘alarmed’ if yen crosses 130 per dollar, says ex-vice minister

BOJ will be 'alarmed' if yen crosses 130 per dollar, says ex-vice minister

The Bank of Japan will be “alarmed” if the yen weakens beyond 130 per dollar, according to Japan’s former vice minister of finance for international affairs, Eisuke Sakakibara. The yen was trading at 123.77 per US dollar on Wednesday morning Asia. The Japanese currency fell more than 5% against the greenback in March, despite the … Read more

5 things to know before the stock market opens Tuesday, April 5

5 things to know before the stock market opens Tuesday, April 5

Here are the most important news, trends and analysis that investors need to start their trading day: 1. Wall Street looks lower after two-session winning streak Traders on the floor of the NYSE, April 4, 2022. Source: NYSE US stock futures dipped Tuesday after back-to-back gains on Wall Street. The Nasdaq advanced nearly 2% to … Read more

Inflation fears force Americans to rethink financial choices: Survey

Inflation fears force Americans to rethink financial choices: Survey

Robyn Beck | dpa | Getty Images Surging inflation has Americans reconsidering how they spend their money. The Consumer Price Index, which measures a wide-ranging basket of goods and services, jumped 7.9% in February from 12 months prior. Prices are going up on everything from the food you put on the table to the gas … Read more

Why Biden’s release of US oil reserves won’t end pain at the pump | Business and Economy News

Why Biden's release of US oil reserves won't end pain at the pump |  Business and Economy News

Washington, DC- When Joe Biden announced that the United States would release more than 180 million barrels of oil from its strategic petroleum reserve over the next six months, the US president hailed it as an historic move that would lower fuel prices in the US. The price at the pump has surged amid Russia’s … Read more

Bear market rally setting stage for correction: Morgan Stanley warns

Bear market rally setting stage for correction: Morgan Stanley warns

A major Wall Street firm is on correction watch. Despite the latest market bounce, Morgan Stanley’s Mike Wilson is bracing for an S&P 500 decline of at least 13% between now and September. Wilson cited technical headwinds on CNBC’s “Fast Money” on Monday. “It does have all the hallmarks of what I would call a … Read more

UK to mint its own NFT and push forward with crypto regulation

UK to mint its own NFT and push forward with crypto regulation

In this photo illustration a novelty Bitcoin token is photographed on £10 notes. Matt Cardy | Getty Images LONDON — The UK government on Monday announced plans to mint its own non-fungible token, as part of a push toward becoming a “world leader” in the cryptocurrency space. Finance Minister Rishi Sunak has asked the Royal … Read more