Brazil's president, Luiz Inácio Lula da Silva, asked, "Why can't we trade in our own currencies?"
Brazil's President Luiz Inácio Lula da Silva at a climate finance summit in Paris | @LulaOfficial Photograph:(Twitter)
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?
The minutes from the March meeting of the Federal Open Market Committee show that the Fed expects a banking crisis to cause a recession this year.
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.
When the United States goes bankrupt, one consequence would be the loss of the US dollar as the global reserve currency, leading to the return of dollars held in many national reserve banks back to the US.
We are now well past the corona crisis of 2020, and most of the restrictions around the world have been repealed or loosened. However, the long-term consequences of arbitrary and destructive corona policies are still with us—in fact, we are now in the middle of the inevitable economic crisis.
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.
Using data from the International Monetary Fund (IMF), the WORLDMAPS ranks the top 10 countries by per capita GDP.
There are many ways to measure different economies against one another, but comparing countries by...
The recent GDP report has revealed that the US economy is slipping into a recession as inflation weighs on growth, but according to Morgan Stanley, this year's third quarter will see better growth.
One of the first Asian leaders to recognize the global and regional impact of China’s rise, the late Japanese Prime Minister Shinzo Abe laid the foundation for a new Asian order that is now emerging.
