The world is going through a big financial crisis, pushing countries to find new ways to protect their economies. Gold, with its skyrocketing value, is now a popular way for countries to strengthen their financial systems. Africa, home to vast gold resources, understands this well. But there’s a problem: most
India is currently investigating a major tax evasion case involving the UK-based insurance company Aviva, which has been accused of being part of a large-scale conspiracy to evade taxes. Here’s what we know so far: Between 2017 and 2023, Aviva’s Indian branch reportedly paid around $26 million to different vendors,
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
