Articles for Trillion

Trump is already walking back on his promises
1 day, 4 hours ago

Trump is already walking back on his promises

Raw Story  

— Republicans in Congress kick the can down the road to March. But those corrupt Republicans who love the morbidly rich and hate average Americans haven’t given up hope; here’s the operant sentence from the article in today’s Washington Post about the vote: “ proposed a handshake deal with fiscal hawks in his own party to try next year to …

Social Trump Social Security Debt Musk Biden President
US Congress approves spending extension, avoiding shutdown
1 day, 14 hours ago

US Congress approves spending extension, avoiding shutdown

Deccan Chronicle  

The US Senate passed a spending measure early on Saturday, ensuring that federal government funding will continue through mid-March, the New York Times reported.The 85-to-11 vote came shortly after the midnight deadline, preventing a potential government shutdown that would have disrupted services and services just before the holidays.The bill, which was also approved earlier in the House, provides USD 100 …

Congress New York Democrats Senate Republican House Republicans
'They're coming for your Social Security': Alarms raised by new GOP funding plan
2 days, 21 hours ago

'They're coming for your Social Security': Alarms raised by new GOP funding plan

Raw Story  

Alarms are being raised about new details of Republicans' new plan to keep the government open that experts say will inevitably involve cuts to Social Security and Medicare. Journalists and political insiders who know how congressional budget math works quickly reached the same conclusion: The $2.5 trillion in cuts will be impossible to achieve unless the GOP takes an ax …

Security Social Medicare Social Security Republican Gop Republicans
'No-go': House Republican doubles down on defying GOP's 'reckless' spending bill deal
3 days, 16 hours ago

'No-go': House Republican doubles down on defying GOP's 'reckless' spending bill deal

Raw Story  

A defiant Rep. Chip Roy doubled down on his opposition to the GOP's revised spending bill, which was shot down during a Thursday evening House vote. Responding to Trump's attack that Roy is "ambitious," Roy retorted, "I'm ambitious to make sure that we actually cut spending." "I'm ambitious to do what we said we would do, and I'm in support …

Spending House Vote Roy Gop Bill
New York to London in just one hour? What's the buzz around a $20 trillion tunnel
5 days, 17 hours ago

New York to London in just one hour? What's the buzz around a $20 trillion tunnel

India Today  

Imagine zipping through New York to London in just one hour? But an ambitious new proposal to build a $20 trillion transatlantic tunnel that could connect London and New York in just one hour has caught people's imagination. According to Newsweek, proposals to build a transatlantic tunnel connecting the two countries separated by the Atlantic Ocean have resurfaced again. Despite …

London New York Tunnel Transatlantic Hyperloop Technology Hyperloop Just One Hour
Direct retail inflows hit a three-year high at nearly ₹1 trillion
6 days, 9 hours ago

Direct retail inflows hit a three-year high at nearly ₹1 trillion

Live Mint  

Retail investors trading directly on NSE bought nearly ₹1 trillion worth of shares cumulatively between April and November, nearly eclipsing their total purchases in the previous two financial years combined. A three-year high Retail investors bought shares worth a net ₹29,594 crore in October, followed by direct retail purchases of ₹9,192.72 crore in November, as per the daily data submitted …

Market Retail Investors Nifty High Direct Trillion Nse
'Let’s do it': MAGA Republican's bold proposal gets thumbs up from Dem
6 days, 13 hours ago

'Let’s do it': MAGA Republican's bold proposal gets thumbs up from Dem

Raw Story  

A firebrand Republican senator and MAGA ally's new proposal just got a thumbs up from at least one Democratic lawmaker. “These are the people working class, people with families are who elected Donald Trump, and we need to deliver real and meaningful tax relief to them,” Hawley told Axios in an interview. Hawley added that he's already had discussions with …

Tax Republican Hawley
China's general public budget revenue sees accelerated growth in November
6 days, 17 hours ago

China's general public budget revenue sees accelerated growth in November

China Daily  

By Wang Keju | chinadaily.com.cn | Updated: 2024-12-17 19:53 China's general public budget revenue, which is the sum-up of tax revenue and nontax revenue, in November reached about 1.4 trillion yuan, representing an 11 percent year-on-year increase, according to a calculation by Huatai Securities based on the data from the Ministry of Finance. The country's tax revenue grew by 5.3 …

China Revenue
Highway capex moves in slow lane in FY25
6 days, 17 hours ago

Highway capex moves in slow lane in FY25

Live Mint  

Spending to build and expand India's sprawling highway network has slowed sharply, with the Centre achieving only 55% of the capex target in FY25. In the April- November period, the National Highways Authority of India and the National Highways and Infrastructure Development Corp. Ltd which come under the road ministry, built less than 5,000 km of national highways, lower than …

India Projects Road Centre Slow Ham Capex
Circular economy may generate over $2 trillion in market value, create 10 million jobs by 2050: Amitabh Kant
1 week ago

Circular economy may generate over $2 trillion in market value, create 10 million jobs by 2050: Amitabh Kant

The Hindu  

India's circular economy could generate a market value of over $2 trillion and create 10 million jobs by 2050, the country's G20 Sherpa Amitabh Kant said Monday. "This is a huge opportunity because, by 2050, India's circular economy could generate a market value of over $2 trillion and create close to 10 million jobs," he said. Noting that industrialisation and …

India Economy Circular Economy Kant Market Value Circular 10 Million Jobs
Circular economy may generate over USD 2 tn in market value, create 10 mn jobs by 2050: Amitabh Kant
1 week ago

Circular economy may generate over USD 2 tn in market value, create 10 mn jobs by 2050: Amitabh Kant

Live Mint  

New Delhi, India's circular economy could generate a market value of over USD 2 trillion and create 10 million jobs by 2050, the country's G20 Sherpa Amitabh Kant said Monday. "This is a huge opportunity because, by 2050, India's circular economy could generate a market value of over USD 2 trillion and create close to 10 million jobs," he said. …

India Economy Circular Economy Kant Market Value Circular
Opening-up to spur foreign trade growth
1 week ago

Opening-up to spur foreign trade growth

China Daily  

A container ship leaves Qingdao Port, Shandong province. China will continue to advance institutionalized opening-up, broaden market access for global businesses and advocate free trade agreements, fueling its economic growth and bolstering multilateralism in 2025, market observers and business executives said on Sunday. Noting that China gave the green light earlier this year for the establishment of wholly foreign-owned hospitals …

Global Growth China Trade Market Economic Foreign Trade
Opening-up to spur foreign trade growth
1 week ago

Opening-up to spur foreign trade growth

China Daily  

China will continue to advance institutionalized opening-up, broaden market access for global businesses and advocate free trade agreements, fueling its economic growth and bolstering multilateralism in 2025, market observers and business executives said on Sunday. Noting that China gave the green light earlier this year for the establishment of wholly foreign-owned hospitals in selected cities, including Beijing and Shanghai, Liu …

Global Growth China Trade Market Economic Foreign Trade
Chinese economy records steady recovery
1 week ago

Chinese economy records steady recovery

China Daily  

China's economy showed a steady recovery trend supported by key economic indicators released on Monday by the National Bureau of Statistics, amid a slew of policy incentives that boosted market confidence. Output of industries above a designated level grew by 5.4 percent year-on-year in November, a 0.1 percentage point higher than last month. Retail sales, a key measurement of consumer …

Nbs Chinese Economy
Tailwinds favoring foreign trade enterprises
Trending News
1 week ago

Tailwinds favoring foreign trade enterprises

China Daily  

Automated vehicles deliver cargo at Qingdao Port's fully automated terminal in Shandong province on Dec 3. ZHANG JINGANG/FOR CHINA DAILY China will ramp up financial support, cultivate new growth engines, and strengthen services for foreign trade enterprises in order to unlock momentum and foster resilience in the country's foreign trade sector — a critical pillar underpinning overall economic growth, officials …

China
Chinese economy records steady recovery
1 week ago

Chinese economy records steady recovery

China Daily  

China's economy showed a steady recovery trend supported by key economic indicators released on Monday by the National Bureau of Statistics, amid a slew of policy incentives that boosted market confidence. Output of industries above a designated level grew by 5.4 percent year-on-year in November, a 0.1 percentage point higher than last month. Retail sales, a key measurement of consumer …

Nbs
Trade War Widened US Trade Deficit, Increased Chinese Global Exports
1 week, 1 day ago

Trade War Widened US Trade Deficit, Increased Chinese Global Exports

Deccan Chronicle  

The US-China trade war initiated by President Donald Trump under his previous government failed to achieve its goals as the trade deficit of the US further widened while China’s global exports increased between 2017 and 2023. The US-China trade war, which began in March 2018 by imposing 25 per cent tariffs on steel and 10 per cent on aluminium, escalated …

India China Trade Exports Chinese Billion Cent
Apple chip supplier Broadcom hits $1 trillion market valuation for first time
1 week, 1 day ago

Apple chip supplier Broadcom hits $1 trillion market valuation for first time

Hindustan Times  

Broadcom Inc., a chip supplier for Apple Inc. hit a $1 trillion market valuation for the first time on Friday, after predicting a boom in demand for its artificial intelligence chips. Broadcom's stock rose 24 per cent to $224.80 in New York on Friday, its biggest one-day share-price rally since August 2009, when the precursor company Avago Technologies Ltd held …

Apple Company Billion Cent Ai Bloomberg Chip
NBFCs turn to other avenues as bank credit slows on repeated RBI warnings
1 week, 2 days ago

NBFCs turn to other avenues as bank credit slows on repeated RBI warnings

Live Mint  

India’s non-bank financiers have heeded calls from the Reserve Bank of India to diversify their borrowing profile and are now gradually moving towards more market borrowings and other avenues such as overseas borrowing and securitization or asset sales instead of relying solely upon bank loans. Top NBFCs have seen the share of bank credit in their total debt fall significantly …

Market Credit Bank 2024 Rbi Banks Trillion
Experts see expansionary moves ahead
1 week, 2 days ago

Experts see expansionary moves ahead

China Daily  

A view of Shanghai's Pudong New Area. China may roll out unprecedented expansionary moves in macroeconomic adjustments next year after a top-level meeting signaled a significant shift of mindset in prioritizing the expansion of domestic demand amid external uncertainties, policy researchers and economists said. Measures in the pipeline may include the highest official projected deficit ratio on record, a sharp …

Policy China Consumption 2025 Yuan Domestic Demand Ratio
'White list' project loans total 3.6 trillion
1 week, 2 days ago

'White list' project loans total 3.6 trillion

China Daily  

A building under construction in Shanghai. CHINA DAILY Approved loans for national "white-list" projects amounted to 3.6 trillion yuan by the end of November, said Dong Jianguo, vice-minister of housing and urban-rural development, on Saturday. This year, the Ministry of Housing and Urban-Rural Development, in collaboration with the National Financial Regulatory Administration, established a comprehensive coordination framework for real estate …

Real Estate Real Estate Development Estate Development Development Project White List Estate Development Project
Fadnavis makes Maha pitch, says will make economy USD 1 trillion by 2030
1 week, 2 days ago

Fadnavis makes Maha pitch, says will make economy USD 1 trillion by 2030

New Indian Express  

MUMBAI: Chief Minister Devendra Fadnavis on Friday said Maharashtra will be a trillion dollar economy by 2028-30 and play a key role in India’s growth story under Prime Minister Narendra Modi. He said Mumbai will play a major role in the growth of Maharashtra and the financial capital of India will become the country’s fintech capital in the coming years. …

Maharashtra Fadnavis Maha
A $20 trillion tunnel that could link New York and London in an hour? Don’t cancel your flight just yet
1 week, 2 days ago

A $20 trillion tunnel that could link New York and London in an hour? Don’t cancel your flight just yet

CNN  

Editor’s note: Sign up for Unlocking the World, CNN Travel’s weekly newsletter. CNN — In travel news this week: the Comedy Wildlife Photography Awards, why you shouldn’t gift-wrap methamphetamine, plus infrastructure megaprojects around the world. Busy beavers and merry moles have been chattering about resurfaced plans for a $20 trillion transatlantic tunnel that could theoretically link London and New York …

Europe London Hong Kong Cnn Tunnel
President-elect Trump promised to extend tax cuts, but how will the government make up a $4 trillion loss of revenue?
1 week, 2 days ago

President-elect Trump promised to extend tax cuts, but how will the government make up a $4 trillion loss of revenue?

NPR  

President-elect Trump promised to extend tax cuts, but how will the government make up a $4 trillion loss of revenue? SIMON: President-elect Trump promised to extend tax cuts he passed during his first term in office during this last campaign. JOSEPH ROSENBERG: They're really going to have to figure out if that's a price tag they're willing to swallow or …

Congress Economic Growth Tax Revenue Scott Npr Cuts Tax Cuts