In recent years, Algeria, a country in North Africa once ruled by France, has made a big splash in Europe’s energy scene. Here’s how this former French colony is now holding the reins on Europe’s gas supply and what that means for the continent. Algeria’s Rising Power Back in 2022,
A major economic shock has just hit the United States. On August 21, the US Bureau of Labor Statistics revealed that they had made a big mistake in the number of new jobs created over the last year. They admitted that the total number of new jobs they announced from
Recently, The Wall Street Journal (WSJ) published an article titled “Why China Is Starting a New Trade War.” The article painted a rather sensational picture of China trying to stir up global conflict by boosting its manufacturing industry. According to WSJ, China’s goal is to restore its economy by increasing
The upcoming BRICS Summit in October might shake up global trade by exploring a plan to reduce reliance on the U.S. dollar among its member countries and potentially introduce a new type of currency based on a mix of different currencies. While the details are still fuzzy, the move could
College costs are skyrocketing, and it’s causing a lot of concern. Some top colleges are now charging almost $100,000 a year for tuition, fees, room, board, books, and other expenses. This huge price tag includes well-known schools like New York University, Tufts, Brown, Yale, and Washington University in St. Louis.
Europe’s economy is facing serious trouble. Business failures in the European Union (EU) rose by 3.1% in the second quarter of the year. This follows an even bigger increase of 4.5% in the previous quarter. Despite this worsening situation, the EU is sticking with its tough sanctions against Russia, which
At a recent conference in New Delhi, Noel Tata from TATA International Ltd. proposed using the Indian rupee for trade between India and Africa, aiming to break free from the dollar’s dominance in global trade. This move is part of a broader “rupee revolution,” reflecting similar efforts by Malaysian Prime
Malaysian Prime Minister Anwar Ibrahim recently made his first official visit to India, from August 19 to 21. During his time in New Delhi, he spoke about a big idea—changing how countries handle money when trading with each other. He suggested that the world, especially countries in the Global South
Argentina’s $4.5 billion in gold reserves mysteriously vanished overnight, fueling suspicion and intrigue as President Milei’s administration admitted to moving some of it abroad without giving clear details on how much, where, or why. The government claims it’s safer to store the gold overseas to earn interest, possibly in London
