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Growing Pot Businesses As US Efforts To Relax Restrictions Fuel Hopes For Legalisation

As a result of increased hopes of federal legalisation following a U.S. health agency's suggestion to reschedule marijuana as a lower-risk narcotic, shares of marijuana companies increased by as much as 37% in morning trade on Thursday.   In some form, marijuana usage is legal in close to 40...

How The Failure Of Evergrande Foreshadowed China's Real Estate Crisis

Hui Ka Yan first followed a straightforward formula. Take out a loan to purchase land. Before they are built, sell houses there. Utilise the funds to settle creditors and finance your subsequent real estate venture.   Beginning in the middle of the 1990s, this strategy proved incredibly...

India Considers Cutting Import Taxes If Local EV Manufacturers Grow As Part Of The Tesla Push

Following a suggestion by Tesla, which is thinking about entering the Indian domestic market, the government is working on a new electric vehicle policy that would reduce import duties for manufacturers that commit to some local manufacturing, according a Reuters report quoting sources with...

Brazil Removes Obstacles To Dethrone The US As The Top Maize Exporter

Brazil is expected to surpass the United States this year as the leading exporter of maize, thanks to a strong crop and logistical innovations like the combining of northern export lines that are enhancing the competitiveness of the South American grains giant.   According to a Reuters study...

Indonesia Promotes The EV Ideal, But Auto Buyers Exercise Caution

Although purchasers are still not convinced, Indonesia's government used the Jakarta auto show to reaffirm its plans to promote the manufacturing and sales of electric vehicles in Southeast Asia's largest auto market.   Visitors to the car exhibition in Tangerang, on the outskirts of...

Record Touched By UK Basic Wage Growth Which Raises Concerns For The Bank Of England

According to data released on Tuesday, basic earnings in Britain have climbed to a new record growth rate, raising concerns for the Bank of England about long-term inflation pressures despite 14 consecutive hikes in interest rates.   The unemployment rate unexpectedly increased to 4.2% from...

Public Outrage Over China's Decision To Stop Publishing Data On Youth Unemployment

China's statistics office announced on Tuesday that it had halted the publication of data on youth unemployment, citing the need to improve the methodology used to calculate the rate, which has recently reached record highs.   The announcement of the decision came soon after the release of...

Japan Will Begin Extending Its Ban On Car Exports To Russia On August 9

The Japanese government announced on Friday that it would expand its export restriction to include all new and used automobiles with engines larger than 1900 cc starting from next month as part of increased sanctions against Russia for its invasion of Ukraine.   The expanded prohibition will...

Global Investors Warn Modi That His Intentions To Invest $4 Billion Are At Jeopardy Because Of The Gaming Tax

In a letter to Indian Prime Minister Narendra Modi, 30 foreign and domestic investors claim that the 28% gaming tax will have a negative impact on $4 billion in potential investments. Among them are Tiger Global, Peak XV, and Steadview Capital.   The levy on the money that online gaming...

A 20 Watchdog Watchdog Says Global Regulations Leave Crypto Businesses With Nowhere To Run

According to the G20's Financial Stability Board, crypto businesses have no choice but to implement fundamental safety measures to stop explosions like those observed at FTX exchange and other crypto tragedies.   The G20 recommended that the FSB submit final recommendations on Monday...

US Economy Moves Into A Disinflationary Mode, With Small Consumer Price Increases

The United States Federal Reserve is likely not going to stop hiking interest rates this month despite the fact that consumer prices in the United States increased modestly in June and marked their smallest annual increase in more than two years as inflation continued to decline.   In...

Price Reductions And Increased Inventory Are Causing Problems For The US EV Industry

According to experts and industry data, the U.S. electric car market is expanding, but not quickly enough to prevent unsold EVs from piling up at some automakers' dealerships or to allow Tesla to escape new price cuts during the most recent quarter.   Price reductions and increasing...
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