Published by Promoting Economic Pluralism
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 …
Bank of England and new UK government risk policy clash Read More
The death of Queen Elizabeth II could be the blow that sends the United Kingdom’s already-strained economy into a “technical recession,” according to one economic projection, as some Canadians also ring warning …
Queen’s funeral could push U.K. into ‘technical recession’: economic forecast Read More
As the war against Russia enters its seventh month on Wednesday, Ukraine is stuck between a financial rock and a hard place as it seeks to stay afloat while fighting off Moscow’s invading forces. Tax revenues have …
Ukraine battles to avoid hyperinflation as war costs soar Read More
Meta publicly released information on 21 billion Facebook friendships as part of a research project looking at economic inequality in the United States, the company announced today. Along with new insights …
What 21 billion Facebook friendships say about the economic ladder in the US Read More
The pound sterling dropped on Thursday after the Bank of England upped interest rates by the biggest increase in 27 years. At the same time it delivered the rise in …
UK central bank raises interest rate, warns of recession Read More
With prices rising at their fastest pace in a generation, the Federal Reserve is ratcheting up its fight against inflation. On Wednesday, the Fed raised its benchmark interest rate by …
Another big Fed rate hike is here to battle inflation. Economy hangs in balance Read More
The UK recorded its highest temperature ever on Tuesday, exceeding 40C (104F), and prompting a refocus on climate change as the heatwave gripping Europe intensifies. According to the Met Office a record …
How 40C heatwave vapourised millions of pounds from UK economy Read More
Good news everyone: wage increases are slowing, raises are getting smaller, layoffs are beginning to happen, and inflation is all your fault. And you should be grateful about all of …
Good News: Economy Sucks, You’re Screwed, and It’s All Your Fault, Economists Say Read More
China’s economy grew at the slowest pace since the start of the COVID-19 pandemic in the second quarter, highlighting the punishing economic toll of Beijing’s stringent “dynamic zero COVID” strategy. …
China’s economy slows sharply, fanning global recession fears Read More
The possibility that a US dollar and a euro will be worth exactly the same is getting closer to becoming a reality. The single currency suffered further falls this Tuesday …
Euro falls to 20-year low against US dollar and approaches parity Read More