US President Donald Trump has announced he is firing Federal Reserve Governor Lisa Cook, a dramatic and unprecedented move that escalates his conflict with the […]
Category: News
Global Trade Uncertainty Persists Despite New Agreements, ECB President Warns
The President of the European Central Bank (ECB), Christine Lagarde, has issued a stark warning that global trade uncertainty continues to weigh on the world […]
China Weighs Yuan-Backed Stablecoins in Bid for Global Currency Influence
In a potentially landmark policy reversal, China is considering the legalization of yuan-backed stablecoins as part of a new, concerted effort to expand the global […]
UK Inflation Rises to 3.8% in July, Raising Doubts on Rate Cuts.
The UK’s inflation rate has unexpectedly risen to 3.8% in the year to July, up from 3.6% in June, according to the latest figures from […]
Big Tech Falters Amid Inflation Relief and Taiwan Tensions
Major technology stocks, which have driven much of the stock market’s remarkable gains over the past year, have experienced a significant downturn this week. This […]
Indian Markets Plunge as BJP Falls Short in Election Results
Investors, who had largely priced in a decisive victory for the BJP, were met with a rude shock as the party failed to secure a strong mandate in the 2024 Lok Sabha elections.
U.S. Job Openings Plunge to Three-Year Low as Labor Market Cools
In a sign of a cooling labor market, U.S. job openings have fallen to their lowest level in over three years, according to the latest data from the Labor Department
Germany’s Economic Stagnation: IMF Warns of Aging Population Impact
Germany, the largest economy in Europe, is on a precarious economic path, facing potential stagnation due to its ageing population, warns the International Monetary Fund (IMF).
Labor Market Strengthens as Eurozone Unemployment Drops to 6.4%
In a significant development for the Eurozone, the unemployment rate has fallen to a historic low, underscoring the resilience of the labor market amidst ongoing economic challenges.
March Inflation Data Spooks Markets, Dampens Rate Cut Hopes
The Consumer Price Index (CPI), a key gauge of inflation, rose by 3.5% in March, surpassing the expectations of many economists.