Category: Economy

Electricity Blackout Strikes Venezuela

The long-standing crisis in Venezuela further aggravated as it was stricken by an electricity blackout. A major power failure happened in the Nation’s capital Caracas city, and the whole city was pushed into darkness Thursday night. It later extended to many other places of Venezuela. As per some local media houses, almost 18 out of […]

China Cancels Operation of Boeing 737-8 Planes Post Nairobi Crisis

After the deadly and tragic air crash of a Boeing plane, China’s civil aviation regulator declared that it had given order Chinese airlines to suspend the commercial operations of all Boeing 737 MAX aircraft. The Ethiopian Airlines has confirmed that it had stationed its Boeing 737 MAX 8 fleet until further notice. It had tweeted the […]

Monsoon and Oil: India’s Two Economic Indicators

In the times when almost all emerging, as well as developed nations, are worried about a potential recession, India’s expectation of growth in GDP is much talked of. In a recent interview, India’s minister of state for civil aviation said that India’s economy is “well positioned” for showing a decent growth as factors like government […]

China Reports a Fall in its Exports

Amidst the on-going trade war with the United States, China is showing struggles to revive its economy. The United States, China’s major trading partner has started levying a higher tariff on exports worth $200 billion. These factors have started showing negative growth in February. As per the Chinese official reports, trade data has shown a […]

Ism February Report Indicates Growth for Non-Manufacturing Sector, 109th Consecutive Month With Positive Growth

According to the Non-Manufacturing Report on Business issued on Tuesday by the Institute for Supply Management (ISM), non-manufacturing output had a strong month in February. The index which ISM uses to measure non-manufacturing growth is called the Non-Manufacturing Index (NMI). The NMI grew by 3% to 59.7, after a decline by 1.3% to 56.7 from […]

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