After FedEx failed expectations for revenue and earnings in its first quarter, the CEO became pessimistic. Additionally, the business revoked its full-year guidance. The FedEx CEO has predicted a worldwide recession.
India has overtook UK to become the fifth biggest economy in the world. Furthermore, the IMF has predicted that this will become the new normal, with India set to overtake the UK up until 2027, becoming the fourth-largest economy in the world while the UK falls to sixth.
The data from the most recent Africa Wealth Report shows a snapshot of wealth in Africa, with Mauritius being the richest.
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.
Chinese loans have shorter repayment terms and higher interest rates than bilateral loans from Paris Club nations or loans from international organizations like the World Bank or the International Monetary Fund. This is the list of Countries that are most in debt to China.
The US owes the rest of the world a net of $18 trillion at the moment, which is 73% of its GDP, considerably exceeding the 50% mark that has frequently signalled currency crises in the past, all of which suggest the coming of a post-dollar world.
In March 2022, UN Secretary-General Antonio Guterres warned of a “hurricane of hunger and a meltdown of the global food system” in the wake of the crisis in Ukraine.
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.'
According to new reports, Sergio Massa has promised that Argentina will stop printing money amid the current 60% inflation, which was caused by the Fernández administration's reliance on money printing to pay off the nation's escalating fiscal debt.
US President Biden's comments that the economy is doing well were refuted by Eric Adams, who later changed his position. So what's the truth? Is the Wall Street actually collapsing?
