The sharp surge in billionaire wealth, as outlined in Oxfam’s latest annual inequality report, sheds light on a global economic system increasingly favoring the rich at the expense of equitable distribution. According to the report, the combined wealth of the… Read More ›
The Bank of Japan (BOJ) is anticipated to raise its short-term interest rate from 0.25% to 0.5% during its upcoming policy meeting on January 23-24, 2025. This prospective adjustment would mark the highest interest rate level since the 2008 global… Read More ›
Bitcoin has surged past the $100,000 mark, reflecting growing investor optimism about forthcoming pro-cryptocurrency policies from President-elect Donald Trump’s administration. As of January 17, 2025, Bitcoin was trading at approximately $104,462.04, nearing its all-time high of $108,327.01 set in December… Read More ›
The U.S. Supreme Court’s unanimous decision to uphold a law requiring ByteDance, the Chinese parent company of TikTok, to divest its ownership of the app by January 19 has reignited discussions about national security, data privacy, and the role of… Read More ›
The global economy is projected to experience a significant slowdown in 2025, with growth forecasted at just 2.7%, a rate that aligns with the weakest performance seen since 2019, according to the World Bank. While this growth is not catastrophic,… Read More ›
The ongoing conflict between Hamas and Israel has resulted in devastating consequences for both sides, particularly for the people living in Gaza. After 15 months of relentless warfare, a potential ceasefire deal has emerged, bringing hope for peace and relief… Read More ›
The Bank of England (BoE) faces mounting pressure to implement additional interest rate cuts in 2025, following weaker-than-expected retail sales data and broader signs of economic stagnation in the United Kingdom. This development comes as Finance Minister Rachel Reeves navigates… Read More ›
The accelerated melting of Greenland’s ice sheets due to climate change is transforming the Arctic island in profound ways. While this environmental crisis presents dire implications for rising sea levels and global warming, it also uncovers immense economic opportunities by… Read More ›
China’s announcement of a 5% economic growth rate for 2024 marks a significant rebound, but it conceals underlying vulnerabilities that could undermine future stability. The achievement, which aligns with the government’s target, is among the slowest in decades for the… Read More ›
As the Bank of Japan (BOJ) prepares for its monetary policy meeting on January 23-24, speculation intensifies about an interest rate hike. While the central bank is likely to raise rates from 0.25% to 0.5%, the broader focus should shift… Read More ›
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