Finance

WASHINGTON (TECHY QUANTUM) — The United States government’s gross national debt has climbed beyond $38 trillion, marking a historic milestone and the fastest trillion dollar increase ever recorded outside of the pandemic era.  The figure, published in the Treasury Department’s latest report this week, comes just two months after the national debt reached $37 trillion … Read more

BERLIN (TECHY QUANTUM) — China has overtaken the United States as Germany’s top trading partner in the first eight months of 2025, reversing last year’s trend as renewed US tariffs and weaker export demand hit Europe’s largest economy, preliminary data from the Federal Statistical Office showed. Trade between Germany and China reached 163.4 billion euros … Read more

NEW DELHI — India and the United States are nearing completion of a long pending bilateral trade deal that would significantly reduce US tariffs on Indian imports to around 15 to 16 percent from as high as 50 percent, according to a report by Mint citing three officials familiar with the talks.  The move could … Read more

Foreign investors withdrew sharply from Asian bond , marking the largest outflow in more than two years.  The selloff, led by Indonesia, reflected deepening fiscal and political concerns across the region and growing unease about slowing global demand. Data from regional authorities showed that overseas investors offloaded a net $5.48 billion worth of bonds from … Read more

WASHINGTON — A new US & Australia agreement on critical minerals backed by President Donald Trump is being hailed as a significant boost for Western mining ambitions, but analysts warn that it will take years to loosen China’s stranglehold over the global rare earth supply chain. Announced Monday, the deal commits $3 billion in joint … Read more

BEIJING ~ China’s new home prices dropped at their sharpest pace in almost a year in September, heightening concerns over the country’s prolonged property downturn and its broader economic impact.  Official figures released Monday showed a 0.4 percent month on month fall the steepest decline in 11 months following a 0.3 percent drop in August.  … Read more

Millions of Americans gathered across the United States on Saturday in what organizers described as one of the largest coordinated demonstrations of the year, protesting what they view as former President Donald Trump’s growing “authoritarian” influence.  The nationwide “No Kings” rallies drew nearly seven million participants in more than 2,700 locations, from major cities to … Read more

Beijing — China’s economy likely expanded at the slowest pace in a year during the third quarter, signaling that the world’s second largest economy continues to lose momentum even as exports surge, according to analysts and preliminary government data. Economists expect gross domestic product to have risen 4.7 percent in the three months through September … Read more