US Credit Card Debt Passes $1 Trillion For First Time
According to a new New York Federal Reserve report released Tuesday, American credit card debt has surpassed $1 trillion for the first time ever. Total credit card debt surged in…
Italian Windfall Tax On Bank Profits Sends Financial Shares Tumbling
Italy’s financial stocks tumbled, losing roughly €10 billion ($11 billion) from their combined market value after the government announced there would be a one-off windfall tax applied to bank profits…
BoE Warns Britons That Food Prices Will Remain High
Chief Economist of the Bank of England, Huw Pill has warned that even as the surging inflation which has crippled the British economy begins to slow, it is expected that…
Aramco Says China And Airline Demand Will Grow
According to the chief executive of Saudi Aramco, Amin Nasser, global oil demand will continue to remain solid despite the recent voluntary reductions in production output by Saudi Arabia and…
Russia And Qatar To Shift To National Currencies
Russian Ambassador to Qatar Dmitry Dogadkin has announced that Moscow has officially proposed to Doha that the two nations switch to settling their trade obligations in national currencies, and that…
Worldcoin Growing Brand Awareness
With over 2.2 million signups volunteering for free iris scans in return for digital ID cards, and sometimes free crypto, Worldcoin has shown it has no problems building brand awareness.…
Chinese Exports Fall 14.5% YoY In July
In July, Chinese exports fell 14.5% compared to one year prior, adding still more pressure to the government to intervene to reverse the sagging economy. Exports dropped to $281.8 billion,…
Berkshire Hits Record High
On Monday, Berkshire Hathaway’s share price set a record high, advancing 3.4% after reporting that quarterly operating profits beat $10 billion for the first time in history. In its earnings…
Türkiye Is Working With Russian President Putin To Restore Black Sea Grain Deal
On Sunday, Sabah newspaper reported that Türkiye is looking to re-enact the Black Sea grain deal as it was originally enacted, and does not support alternative proposals regarding the export…
Oil Prices Surge, Hitting Four Month Highs
Following announcements from OPEC+ members Saudi Arabia and Russia that they would be prolonging curbs on oil production, major global oil benchmarks have hit their highest levels since mid-April. Brent…
