The Bank of Japan (BoJ) is facing mounting challenges as it tries to maintain its ultra-loose monetary policy amid a weakening yen and rising global bond yields.
Month: October 2023
China Suffers Worst Capital Exodus Since 2016
China’s currency, the yuan, has come under pressure as capital is leaving the country at the fastest rate in over seven years, according to data from the Institute of International Finance.
Propelled by Economic Woes, “Argentina’s Trump” is Poised for Presidential Win
Argentina is bracing for a political earthquake as Javier Milei, a far-right libertarian economist and former rock musician, is poised to win the presidency in a runoff election on November 19.
LinkedIn Announces Second Round of Layoffs
The social network announced that it would eliminate 668 jobs as part of a restructuring effort to streamline its operations and improve its efficiency.
UK Expected to Avoid Recession, Says EY Item Club
The UK economy is on course to avoid a recession this year, despite the impact of the Bank of England’s interest rate hikes, according to a new forecast by the EY Item Club