GDP is getting a makeover
Pressure is mounting to downgrade GDP or improve it so economic growth is not the only game in town. The numbers are heading in the wrong direction. If the world …
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UK economic outlook downgraded to ‘negative’ by rating agency
The UK’s economic outlook has been downgraded from “stable” to “negative” by the rating agency Moody’s because of political instability and high inflation. Moody’s said the change in outlook was …
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IMF chief rebukes UK officials over ‘policy coherence’
International Monetary Fund Managing Director Kristalina Georgieva has rebuked the United Kingdom over its planned tax cuts, telling its finance minister and central bank chief that their policies should not be …
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Why the US dollar’s supremacy is hurting the rest of the world
“In God We Trust” has been inscribed on all US paper and coin currency since former president Dwight Eisenhower mandated it in the 1950s. Americans generally believe in the afterlife, …
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Bitcoin in crosshairs as EU goes after non-green crypto
The EU wants to shame the world of crypto into greener practices — and Bitcoin is first in line. The world’s most popular crypto will likely fall under a scheme …
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South Korea’s factory output falls in warning for global economy
South Korea’s factory production fell for a second straight month in August, a warning sign for the global economy as it faces risks from the war in Ukraine to rising interest rates. …
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Eurozone inflation hits record 10%, highest in the history of the euro
Inflation in the 19-member eurozone reached 10% in September, the highest it has ever been in the history of the common European currency, according to the latest flash estimate from …
Eurozone inflation hits record 10%, highest in the history of the euro Read More
Markets spooked as UK slashes taxes and boosts borrowing
LONDON — U.K. Chancellor Kwasi Kwarteng signaled a sharp change in British economic policy Friday as he cut taxes, pledging a “new era” focused on boosting growth. Markets reacted dramatically …
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Bank of Japan keeps ultra-low rates despite US Fed tightening
The Bank of Japan has maintained ultra-low interest rates and dovish policy guidance as it seeks to reassure markets that it will continue to swim against a global tide of …
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Bank of England and new UK government risk policy clash
LONDON, Sept 15 (Reuters) – The Bank of England and Britain’s new finance minister Kwasi Kwarteng will test their ability to jointly manage the economy next week, with the BoE …
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