The International Monetary Fund has terminated talks with Sri Lanka after failing to reach an agreement on a rescue package for the near-bankrupt country after 10 days. Nonetheless, the IMF agreed to continue the talks, which began on June 20,… Read More ›
According to surveys published Thursday, China’s massive industrial and service industries just saw their first month of growth since February, as Covid restrictions were loosened in numerous locations. However, the threat of more lockdowns lurks over the world’s second largest… Read More ›
Britain’s economy is under pressure from two huge risks: double-digit inflation and the possibility of a recession, leaving the Bank of England unsure how far it should hike interest rates. The Bank of England has hiked borrowing costs five times… Read More ›
In June, Eurozone economic morale decreased somewhat less than projected, as consumers and retail trade became more pessimistic, although sentiment in the industrial and services sectors recovered. According to the European Commission’s monthly survey, economic confidence across the eurozone’s 19… Read More ›
The chairman of the Federal Communications Commission in the United States has requested Apple and Google to remove TikTok from their app stores due to data security issues relating to China. The enormously popular short video app is owned by… Read More ›
Three Arrows Capital, a major cryptocurrency hedge fund, has gone bankrupt, according to reports quoting people familiar with the situation, making it one of the greatest casualties of the last so-called “crypto winter.” Teneo was brought on board in the final… Read More ›
Sri Lanka has halted sales of non-essential motor gasoline as the country faces its worst economic crisis in decades. For the next two weeks, only buses, trains, and vehicles used for medical services and food transport will be permitted to… Read More ›
European Central Bank President Christine Lagarde downplayed fears of a eurozone recession on Tuesday, saying her staff is ready to raise rates more quickly if inflation continues to rise. The annual conference of central bank officials is taking place in… Read More ›
Cathie Wood, CEO of Ark Invest, stated on Tuesday that the United States is already in an economic slowdown, and she conceded that she overestimated the severity and long-term impact of inflation. “We think we are in a recession,” Wood… Read More ›
According to a PwC Luxembourg poll released on Monday, more than two-thirds of European asset managers and distributors are considering delaying the launch or distribution of products that do not meet environmental, social, and governance (ESG) requirements. Flows into ESG… Read More ›
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