UK Inflation Continues To Be Exacerbated By Greedflation
A new report by the UK Competition and Markets Authority (CMA) has found that many popular grocery suppliers have been increasing their prices by more than their costs, which has…
Evergrande Restructuring Depends On Monday Court Hearing
This Monday a Hong Kong Court will convene proceedings to examine the plans for restructuring the troubled Chinese property developer Evergrande to deal with the real estate giant’s $300 billion…
Milei Picks Former JPMorgan Trader For Economy Minister
On Wednesday, newly elected Argentine President Javier Milei announced that he has chosen Luis Caputo, a former Wall Street stock trader, to serve as the new economy minister of Argentina.…
British Business “Deaths” Increasing
A new report from the British Office of National Statistics (ONS) shows that a record number of UK businesses shut down throughout the country last year. According to ONS data,…
Austrian Developer Heading For A Wave Of Insolvencies As Property Crisis Deepens
A report from Bloomberg News on Saturday revealed that Austria’s largest privately held real estate company, Signa, is in last-ditch talks with investors, hoping to secure a line of funding…
British Household Debt To Swell As Living Standards Decline – OBR Report
This week, the UK Office for Budget Responsibility (OBR) reported that British households will see their debt levels rise from the current £73 billion ($92 billion) to $190 billion in…
Türkiye Hikes Interest Rates To 40%
In Thursday, the central bank of Türkiye increased its key interest rate to 40% as the nation continues to grapple with a skyrocketing inflation. The increase marked another 500 basis…
Incoming Argentine President Pledges To Eliminate Central Bank
In a statement posted by his office to the social media platform X, formerly known as Twitter, Argentina’s incoming President Javier Milei affirmed his prior promises, pledging specifically to shut…
Russian Economy Grows Three Times As Fast As Eurozone
On Thursday, the Guardian reported that so far, Western sanctions have failed to contain the growth of the Russian economy, which is now on track to outpace the growth of…
Analysts See Eurozone Economy Stuck In “Mud”
On Thursday, Bloomberg reported that analysts are saying that the continuing economic downturn in the Eurozone is a sign the bloc may end up heading into a recession by the…
