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
The article reveals how the U.S. distributes billions of dollars in foreign aid to different countries. In fiscal year 2022, Ukraine received the largest amount, $11.2 billion, primarily due to the Russian invasion. Israel followed with $3.3 billion, consistent over several years and mostly allocated to security-related purposes. The data,
The article ranks and visualizes some of the least common jobs in America based on data from the Bureau of Labor Statistics. At the top of the list is “wood patternmaker,” a job with only 260 employed nationwide, involved in making wooden patterns used in casting sand molds. Other rare
In early April, Zimbabwe launched a new currency called Zimbabwe Gold (ZiG), fully backed by gold and foreign reserves, aiming to replace the US dollar within two years. President Emmerson Mnangagwa announced this at an event, predicting ZiG’s nationwide acceptance soon. Backed by 100 tonnes of gold and $100 million
Egypt’s economic woes worsened under President Abdel Fattah el-Sisi, whose ambitious $300 billion New Administrative Capital project has exacerbated poverty and inequality. Sisi’s regime faces a severe debt crisis, forcing austerity measures that disproportionately burden the poor while enriching military elites and their allies. Despite massive investments in mega-projects, Egypt’s
Discover how the US and India are reshaping global tax policies with their groundbreaking digital tax extension agreement! Uncover the reasons behind this pivotal decision and how it could affect tech giants and everyday consumers alike. Dive into the details of the negotiations and learn why this move is causing
Finance expert Henry C. Johnston debunks rumors about a supposed U.S.-Saudi oil contract expiring, which some claimed would spell the end of the petrodollar system. Instead, he explains that the real shift is happening due to new economic alliances among BRICS nations, especially China, Russia, and India, who are trading
Japan has appointed Atsushi Mimura as its new top foreign exchange diplomat amid the yen’s plunge to a 38-year low against the dollar, sparking anticipation of imminent market intervention. Mimura, a veteran in financial regulation, replaces Masato Kanda, who recently led record-breaking yen-buying efforts. As the yen slid to ¥161