Will Malaysia go bankrupt like Sri Lanka? Tengku Zafrul Tengku Abdul Aziz, the finance minister of Malaysia, responded to suggestions that due to government debt, the nation would experience financial devastation similar to that of Sri Lanka.
A counterfeit $1 million note was sold for a whopping PKR 100 million to a trader in cash-strapped Pakistan’s Muzaffargarh district.
House Speaker Nancy Pelosi wondered aloud how Republicans could vote against Mother Earth. West Virginia Senator Joe Manchin possibly wondered how Republicans could vote against his so-called "Inflation Reduction Act (IRA)." In reality, Pelosi was closer to describing the contents of the IRA than was Manchin.
Chris Edwards, an economic analyst at the Cato Institute, said that as the U.S. owes a whopping $7 trillion to foreigners, the federal government would be forced to either hike taxes or cut spending immediately to be...
First it was baby formula, now there's a tampon shortage. Tampon prices are up 10% due to the rising price of oil affecting the cost of plastic and higher cotton prices due to mask manufacturing and the war in Ukraine. A whole lot of fertilizer comes out of Ukraine and Russia. So does neon, which is used to make semiconductor chips. The chip shortage is shutting down car plants.
This is the argument for more money printing, and perhaps unlimited money printing, recently advanced by Professor Mariana Mazzucato on prime-time BBC.
Professor and economist Richard Wolff said that BRICS expansion goes hand in hand with de-dollarization and the decline of the 'US empire'. The expansion of the BRICS group of...
AT&T has crashed as Americans can't afford to pay their phone bills. Peers Verizon and T-Mobile were also affected by this, which sent their shares lower despite second-quarter results that exceeded expectations.
Banks borrowed a combined $164.8 billion from two Federal Reserve backstop facilities in the most recent week, a sign of escalated funding strains in the aftermath of Silicon Valley Bank’s failure.
The data from the most recent Africa Wealth Report shows a snapshot of wealth in Africa, with Mauritius being the richest.