As an oil price cap reduces export income, Russia’s budget deficit in 2023 may be higher than the planned 2% of GDP, according to Finance Minister Anton Siluanov. This would present Moscow with an additional financial challenge as it spends… Read More ›
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 ›
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 ›
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 ›
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 ›
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 ›
A sell-off in bonds and stocks occurred around the world overnight as a result of the Bank of Japan unexpectedly expanding its target range for 10-year Japanese government bond yields. In an effort to mitigate the effects of prolonged monetary… Read More ›
According to the BBC, Sam Bankman-Fried, the CEO of the defunct cryptocurrency exchange FTX, has consented to be extradited to the US to face charges. According to US authorities, the 30-year-old, who resides in the Bahamas, is accused of committing… Read More ›
According to a survey released on Monday by World Economics, China’s business confidence has dropped to its lowest level since January 2013. This decline is due to the abrupt lifting of many pandemic control measures as well as the impact… Read More ›
Republican Senator of the US Marco Rubio announced bipartisan legislation on Tuesday to ban China’s popular social media app TikTok, putting more pressure on the app’s owner, ByteDance Ltd, amid concerns that the app could be used to spy on… Read More ›
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