latest news in economy

Gates Trust Fossil Fuel Holdings Hit Nine-Year High of $254 Million

Gates Trust Fossil Fuel Holdings Hit Nine-Year High of $254 Million

Seattle, Wednesday, 21 January 2026.
Filings reveal the trust expanded energy stakes to levels unseen since 2015, highlighting a sharp divergence between the foundation’s asset allocation strategy and Bill Gates’ public climate advocacy.

Fitch Warns China’s Investment Crash Threatens Banks and Local Governments

Fitch Warns China’s Investment Crash Threatens Banks and Local Governments

Beijing, Wednesday, 21 January 2026.
Fitch warns credit risks are surging as China records its first annual fixed-asset investment decline since 1989, driven by a staggering 17.2% plunge in property spending.

Bitcoin Sinks Below $89,000 as Japanese Bond Turmoil Triggers Global Liquidity Shock

Bitcoin Sinks Below $89,000 as Japanese Bond Turmoil Triggers Global Liquidity Shock

New York, Wednesday, 21 January 2026.
On January 20, 2026, Bitcoin retreated below $89,000 as Japanese 30-year bond yields recorded their largest daily surge since 2003. This “Japanic” exposes a deepening correlation between crypto assets and global liquidity shifts.

Texas Grid Operators Confirm Infrastructure Readiness Ahead of Arctic Storm

Texas Grid Operators Confirm Infrastructure Readiness Ahead of Arctic Storm

Houston, Wednesday, 21 January 2026.
With arctic temperatures forecast for January 23, ERCOT asserts the grid can meet demand using new backup fuel requirements. Concurrently, CenterPoint Energy highlights a strategic $5 billion investment to harden distribution infrastructure, signaling a pivotal test for Texas’s post-2021 grid reforms.

Commerce Secretary Projects Strong Q1 Growth and Warns EU Against Trade Retaliation

Commerce Secretary Projects Strong Q1 Growth and Warns EU Against Trade Retaliation

Davos, Tuesday, 20 January 2026.
Defying conservative forecasts, Secretary Lutnick projects Q1 growth exceeding 5% and warns European allies that retaliating against Greenland-related tariffs risks spiraling into a “tit-for-tat” trade war.

EU Signals Historic Trade Deal with India is Near Completion

EU Signals Historic Trade Deal with India is Near Completion

Davos, Tuesday, 20 January 2026.
EU leadership confirms the “mother of all deals” is imminent. This historic pact unites a market of two billion people, set to be finalized during India’s Republic Day celebrations.

Ray Dalio Warns US Dollar Dominance at Risk as Global Debt Mounts

Ray Dalio Warns US Dollar Dominance at Risk as Global Debt Mounts

New York, Tuesday, 20 January 2026.
Dalio’s warning resurfaces as central bank gold reserves surpass US Treasury holdings for the first time since 1996, signaling a critical shift away from the dollar amid rising debt.

India Projected to Enter Upper-Middle-Income Bracket by 2030 as Economy Surges

India Projected to Enter Upper-Middle-Income Bracket by 2030 as Economy Surges

Mumbai, Tuesday, 20 January 2026.
Poised to become the world’s third-largest economy by 2028, India is projected to reach a $4,000 per capita income, securing upper-middle-income status by 2030.

Canadian Inflation Ticks Up to 2.4 Percent Driven by Past Tax Comparisons

Canadian Inflation Ticks Up to 2.4 Percent Driven by Past Tax Comparisons

Ottawa, Tuesday, 20 January 2026.
Headline inflation hit 2.4 percent due to tax-year effects, yet core prices cooled. Strikingly, coffee prices surged 30.8 percent, highlighting persistent grocery affordability issues despite stabilizing trends.

US Secures $500 Billion Commitment to Reshore Taiwan's Semiconductor Supply Chain

US Secures $500 Billion Commitment to Reshore Taiwan's Semiconductor Supply Chain

Washington D.C., Tuesday, 20 January 2026.
Secretary Lutnick detailed a historic $500 billion framework to relocate Taiwan’s semiconductor supply chain to American soil, leveraging massive credit guarantees to secure US technological independence.