As the UK battles a recession and higher mortgage rates, industry experts predict that the housing market will cool off sharply in 2019 after a rocky 2022. House prices have already begun to decline month over month as the cost… Read More ›
Economy & Finance
Bank Of Japan Governor Haruhiko Kuroda Dismisses Near-Term Chance Of Exiting Easy Policy
Haruhiko Kuroda, governor of the Bank of Japan, dismissed the possibility of a near-term shift away from ultra-loose monetary policy on Monday but expressed optimism that growing labor shortages will encourage businesses to raise wages. The BOJ’s decision to widen… Read More ›
Storms Could Delay Holiday Packages, According To FedEx And UPS, And Airlines May Cancel Thousands Of Flights
Before the Christmas holiday, a powerful winter storm hit large swaths of the United States, bringing with it high winds, bitter cold, and snow. FedEx and United Parcel Service issued warnings that packages might not arrive this week. In advance… Read More ›
Reasons Why Many Believe A Recession Is Due In 2023
Everyone is often caught off guard by recessions. The likelihood that the following one won’t is very high. Since months, economists have been predicting a recession, which the majority believe will begin in the first quarter of 2019. The idea… Read More ›
Largest Weekly Withdrawals From Global Equity Funds Since March 2020, Claims Lipper
Fears of a recession and central banks’ commitment to maintaining higher interest rates in order to contain inflation have caused the largest weekly outflows from global equity funds since March 2020. According to Refinitiv Lipper data, there was a $33.6… Read More ›
Overburdened Health System In China Prepares For The Peak In COVID Infections
Health officials in China predict a peak in COVID-19 infections within a week, putting additional strain on the nation’s healthcare system even as they downplay the severity of the illness and continue to report no new deaths. China, the last… Read More ›
The EU Says Amazon May Be To Blame For Advertisements For Fake Louboutin Shoes
Advertising “fake” red-soled shoes that might infringe on designer Christian Louboutin’s EU trademark could result in Amazon being held liable. On Amazon, unaffiliated third parties are marketing red-soled high heels that are similar to Louboutin’s without his permission. Amazon could… Read More ›
Covid-19 Cases Surge In China, Mixed Response About Impact On Global Economy
Since strict restrictions were relaxed earlier this month, the number of Covid-19 cases in China has increased, raising worries about the potential impact on the world economy given the country’s financial clout. China started to dismantle its zero-COVID policy of… Read More ›
2023 Forecast For Gold Price Amid Soaring Inflation And Recession Concerns In The Year Ahead
According to Juerg Kiener, managing director and chief investment officer of Swiss Asia Capital, gold prices could rise to $4,000 per ounce in 2023 as interest rate hikes and recession fears keep markets erratic. Next year, the price of the… Read More ›
The Next Financial Crisis Could Be Caused By Cryptocurrencies, Warns Head Of The Indian Central Bank
If private cryptocurrencies are allowed to grow, they will cause the next financial crisis, India’s central bank chief warned on Wednesday. “Cryptocurrencies have… huge inherent risks for our macroeconomic and financial stability,” said Reserve Bank of India Governor Shaktikanta Das… Read More ›
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