The Inflation Reduction Act provides hundreds of billions of dollars to combat global warming. Some climate activists describe it as "transformative." Here are the winners and losers in the 'Inflation Reduction Act.'
India has setup its very first international bullion exchange. Who is permitted to trade on the IIBX, and what goods will be first provided for trading? What benefits does India's bullion exchange offer? Here's how it will work.
Pakistan stands on the brink of default even as it remains engaged with the International Monetary Fund at the tail end of a three-year programme. While the country’s economic woes are rooted in its own inept policies, International Monetary Fund has escaped scrutiny of its stabilisation programmes that have failed to put Pakistan on a sustainable path in 22 attempts and certainly needing another programme immediately after this one concludes.
According to Bloomberg's Sovereign Debt Vulnerability Ranking, here is the list of countries with the highest default risk.
According to central bank chief Riad Salameh, Lebanon will adopt a new official exchange rate of 15,000 pounds per US dollar on February 1, which will devalue the currency by 90%.
It would seem that India along with other Asian countries like Vietnam has benefited from manufacturers moving out of China. China's productive capacity is starting to slip away when compared to India.
According to a new report by Bloomberg, the Arctic Silk Road has come to life as Russia sends oil to China through the Bering Strait.
With increased access to money due to monetary inflation, companies and consumers may raise demand and drive up inflation across the board. As such a gloomy future loom over us, let's take a look at the 3 different types of inflation.
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.
The US national debt will balloon by nearly $20 trillion over the next decade under the spending outlined in President Biden’s $6.9 trillion budget proposal released on Thursday.
