Economists warn that a strong dollar could be a nightmare for the world economy, Fortune reported. “What is clear is we have this relentless increase in yields, this relentless appreciation of the dollar. They are both bad news for corporates and for the economy,” Mohamed El-Erian, the president of Queens’ College at the University of...Read More

With all the Cruisers coming, rooms on the Coast are booking up. News 25 spoke with Coastal Mississippi Executive Director Judy Young and she jokingly said if you have friends or family you don’t want to stay with you, there’s still time to secure a booking. Although Young stressed with the expected turnout for this...Read More

LONDON — The pound hit an all-time low against the U.S. dollar on Monday, adding to global recession fears and reflecting a highly negative review of the new British government’s plan for big tax cuts funded by big borrowing. The pound sank to $1.03 in Asian trading early Monday, before regaining some ground and stabilizing...Read More

NEW YORK (ICIS)–Take US Federal Reserve chair Jerome Powell at his word – that the Fed will keep raising interest rates “until the job is done” in tamping down inflation. The latest jumbo hike of 0.75 percentage point at the September meeting was further evidence of that commitment – “ongoing increases…will be appropriate” – and...Read More

Introduction: Sterling hits record low after Kwasi Kwarteng pledged more tax cuts Good morning, and welcome to our rolling coverage of business, the world economy and the financial markets. International confidence in the UK has been badly hammered by the mini-budget, and the Truss government’s tax-cutting policies, and the pound is paying the price. Sterling...Read More

Nearly a decade after the launch of “Abenomics,” Japan cannot still do without massive monetary and fiscal stimulus — the two features of the economy booster program pushed by the late former Prime Minister Shinzo Abe. A weaker yen, a byproduct of the Bank of Japan’s monetary easing and welcomed as beneficial for the export-reliant...Read More

While the U.S. dollar has soared in value against a basket of worldwide fiat currencies, Russia’s ruble climbed 4.5% against the greenback this week. During the first week of September, Russia told the press China would pay for natural gas with rubles and yuan. Moreover, Switzerland’s imports of Russian gold reached a high not seen...Read More

Brazil’s ascendancy in the early years of the 21st century as an emerging market darling — the B in the Brics — ended with a thud in 2014. The nation had been riding a global commodities boom with increased exports of raw materials and foodstuffs, especially to a resource-hungry China. It then collapsed into a...Read More

S. Jaishankar, Minister of External Affairs Photo : PTI New York: External Affairs Minister S Jaishankar on Sunday stressed that there is crisis in the world economy and nobody is voicing these concerns except India. He also said that India is acting as a bridge, a voice and a channel in the “polarised” world of...Read More

For decades, we have known that transitioning away from fossil fuels and toward a decarbonized economy was essential to the health of our planet and of future generations. It’s almost impossible to overstate what is at stake if the world continues to burn fossil fuels at a continuous or increasing rate. Experts say that in...Read More