Category: Economy

EconomyPolicy

Major Asset Managers Take Bearish Positions on Sterling Amid UK Economic Concerns

Several prominent asset managers are reportedly positioning against the British pound as concerns mount over the UK’s economic outlook. Analysts suggest challenging growth prospects and looming fiscal decisions are driving bearish sentiment toward sterling.

Investment Firms Bet Against Pound

Multiple asset managers are reportedly taking bearish positions against the British pound as the United Kingdom grapples with economic challenges, according to recent market analysis. Sources indicate that firms including Candriam and RBC BlueBay Asset Management have established short positions against sterling, reflecting growing concerns about the UK’s economic trajectory.

by Priya Kapoor
EconomyPolicy

China’s Strategic Planning Framework Set to Shape Global Economic Landscape Through 2030

Chinese leadership is convening in Beijing to establish economic priorities that will guide the world’s second-largest economy through the end of the decade. The planning process, which operates on five-year cycles rather than election timelines, has historically reshaped global markets and resource allocation. Analysts suggest these centralized economic strategies create ripple effects across international supply chains and development patterns.

China’s Central Committee Convenes for Critical Planning Session

Top Chinese officials are gathering in Beijing this week for meetings that will establish the foundation for the country’s next Five Year Plan, according to reports. The Central Committee of the Chinese Communist Party is holding its Plenum session, where key economic and development priorities for 2026-2030 will be determined. While the complete plan won’t be finalized until next year, analysts suggest this week’s discussions will reveal the strategic direction China will pursue through the end of the decade.

by Samuel Kim
EconomyTrade

U.S. Tariffs on Indian Goods Disrupt Diwali Celebrations and Small Business Economies

New 50% tariffs on Indian imports have dramatically increased prices for traditional Diwali items from saris to gold jewelry. Small business owners in Indian-American communities report sales declines up to 70% during what’s typically their busiest season, with broader implications for U.S.-India economic relations.

Tariffs Transform Diwali Celebrations and Business Realities

The festive spirit of Diwali, traditionally marked by vibrant celebrations in Indian-American communities across the United States, has been significantly subdued this year, according to reports. Sources indicate that 50% tariffs imposed on goods imported from India in late August have caused prices to skyrocket on everything from traditional clothing to festive foods and gold jewelry.

by Priya Kapoor