Category: Economy

The Collapse Of Italian Auto Production 1

The Collapse Of Italian Auto Production

Stellantis, a major car manufacturer in Italy, faced a significant drop in production during the first half of the year, down 25% compared to last year. The decline was especially sharp at plants like Melfi and Mirafiori, where production fell by as much as 63%. Delays in government subsidies for

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How IMF Bankers Have Held Kenya Hostage 1

How IMF Bankers Have Held Kenya Hostage

In Kenya, ongoing protests against tax hikes have put the spotlight on the International Monetary Fund (IMF) and its controversial role in the country’s debt crisis. Demonstrators accuse the IMF of imposing harsh loan conditions that hurt the poor, while the government struggles with a massive debt inherited from previous

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The Secret Economics Of Hosting The Olympics 1

The Secret Economics Of Hosting The Olympics

Hosting the Olympics, as seen with Paris 2024 and Los Angeles 2028, often sparks debates on its true economic impact. Despite grand promises, the Games frequently strain city budgets, leaving taxpayers to foot hefty bills. Everyone seems to like the Olympics. Every two years, people rally behind their country’s athletes

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Top 10 Countries Raking In Billions From U.S. Aid Revealed 1

Top 10 Countries Raking In Billions From U.S. Aid Revealed

The article reveals how the U.S. distributes billions of dollars in foreign aid to different countries. In fiscal year 2022, Ukraine received the largest amount, $11.2 billion, primarily due to the Russian invasion. Israel followed with $3.3 billion, consistent over several years and mostly allocated to security-related purposes. The data,

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In 2 Years US Dollar Won't Be Accepted In Zimbabwe 1

In 2 Years US Dollar Won’t Be Accepted In Zimbabwe

In early April, Zimbabwe launched a new currency called Zimbabwe Gold (ZiG), fully backed by gold and foreign reserves, aiming to replace the US dollar within two years. President Emmerson Mnangagwa announced this at an event, predicting ZiG’s nationwide acceptance soon. Backed by 100 tonnes of gold and $100 million

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Egypt's Economic Nightmare: How Sisi's $300 Billion Project Spelled Disaster For Egypt 1

Egypt’s Economic Nightmare: How Sisi’s $300 Billion Project Spelled Disaster For Egypt

Egypt’s economic woes worsened under President Abdel Fattah el-Sisi, whose ambitious $300 billion New Administrative Capital project has exacerbated poverty and inequality. Sisi’s regime faces a severe debt crisis, forcing austerity measures that disproportionately burden the poor while enriching military elites and their allies. Despite massive investments in mega-projects, Egypt’s

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Inside The Secret Talks Behind US-India Digital Tax Agreement 1

Inside The Secret Talks Behind US-India Digital Tax Agreement

Discover how the US and India are reshaping global tax policies with their groundbreaking digital tax extension agreement! Uncover the reasons behind this pivotal decision and how it could affect tech giants and everyday consumers alike. Dive into the details of the negotiations and learn why this move is causing

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Crisis In Japan: Can New FX Chief Mimura Save The Plunging Yen? 1

Crisis In Japan: Can New FX Chief Mimura Save The Plunging Yen?

Japan has appointed Atsushi Mimura as its new top foreign exchange diplomat amid the yen’s plunge to a 38-year low against the dollar, sparking anticipation of imminent market intervention. Mimura, a veteran in financial regulation, replaces Masato Kanda, who recently led record-breaking yen-buying efforts. As the yen slid to ¥161

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