Inflation is slowly falling, but economic growth continues to be at historical lows. Apart from this, financial risks have increased. That being said, the global economy’s systematic recovery from both pandemic and Russia-Ukraine war remains on track. Much of this support comes from China as the country’s economy continues to rebound strongly. Supply chain disruptions
Following an absence from public view in the past three years, Jack Ma, co-founder of Alibaba group and Chinese billionaire, has been seen in Hong Kong. Two sources revealed to Reuters that jack Ma had been meeting with a few business associates over the past week. Reports of his presence in the city also appeared
A purchase agreement was entered into between First Citizens Bank and Trust Company of Raleigh, North Carolina and Silicon Valley Bridge Bank, National Association, according to the US Federal Deposit Insurance Corporation (FDIC). In a major development in the on-going US banking crisis, First Citizens has acquired Silicon Valley Bank (SVB). As per updates, the
