A new set of accounting rules was designed to make banks recognize credit losses earlier, but recent events suggest it might not be working as planned. Despite the changes, commercial real estate loans are showing troubling signs of trouble, with a massive $1.5 trillion in loans coming due soon. Office
In Europe, work hours vary dramatically, with the Balkans clocking the longest hours on average. Türkiye leads with 44 hours a week, followed by Serbia and Bosnia & Herzegovina. In contrast, Western European countries like the Netherlands work significantly fewer hours, averaging just 32 hours a week. The survey also
A new study (view below) shows that giving Americans $1,000 a month makes them work less and earn less over time. The research, which tracked 3,000 people for three years, found that while recipients enjoyed more leisure time, their overall income dropped because they worked fewer hours and didn’t improve
The African Union is set to unveil the African Credit Rating Agency (ACRA) in 2024 to challenge the often flawed ratings from giants like Fitch, Moody’s, and S&P. These major firms have been criticized for their inaccurate assessments of African economies, leading to expensive borrowing costs. ACRA aims to provide
The nefarious agenda sweeping across the world under the guise of “climate change” through “sustainable development” is a two-edged sword. One is the anti-animal/anti-human ideology, and the other is the corporate takeover of our global food supply. At a certain point, they became interwoven, the “war on beef” was born
Explore how salaries vary drastically across 30 OECD countries in this eye-opening analysis. Visualized by Marcus Lu for Visual Capitalist, the data reveals surprising disparities from Luxembourg’s lavish earnings to Mexico’s stark contrasts. Adjusted for purchasing power parity (PPP), the findings showcase top-paying nations like the U.S. and Switzerland, where
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
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
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
