Economy

Trudeau to ban China’s Huawei from 5G in Canada | Technology News

The announcement will be welcomed by the Biden administration, which has sought to steer countries away from Huawei. Town Erik Hertzberg and Brian PlattBloomberg Published On 19 May 202219 May 2022 Prime Minister Justin Trudeau will join Canada’s closest intelligence allies in banning Huawei Technologies Co. from fifth-generation wireless networks, according to a government official …

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‘NC economist says 50-50 chance of recession in 2022 :: WRAL.com

By Adam Owens, WRAL anchor / reporter Raleigh, NC – The economy is strange right now. The stock market keeps making sharp downturns, inflation is up and supply chain issues are causing delays and higher costs – but at the same time, job availability is also so high that many companies are hurting for employees. …

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Stephen Roach gives stagflation warning, calls peak inflation absurd

Stagflation is making a comeback, according to former Morgan Stanley Asia chairman Stephen Roach. He warns the US is on a dangerous path that leads to higher prices coupled with slower growth. “This inflation problem is widespread, it’s persistent and likely to be protracted,” Roach told CNBC’s “Fast Money” on Thursday. “The markets are not …

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Inflation, Russia-Ukraine War Draw G7 Finance Leaders’ Focus | Business News

By FATIMA HUSSEIN and FRANK JORDANS, Associated Press KOENIGSWINTER, Germany (AP) – Finance ministers for the Group of Seven leading economies grappled Thursday with deepening inflation concerns and the immediate effects of Russia’s war in Ukraine, with US Treasury Secretary Janet Yellen warning that it all adds up to a “very difficult economic situation.” Yellen …

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