But Ethan Ilzetzki, associate professor of economics at the London School of Economics, thinks the leadership debate remains “disconnected” from the nature and scale of the economic challenges: A decade-long stagnation in productivity levels won’t be easily solved. “None of them have a true plan except for cutting taxes,” he told CNN Business. “It is...Read More
The major reason why nations will be reluctant to make the Indian rupee a reserve currency is the limited exchange of INR. The United States dollar (USD) has remained a global currency for more than 50 years. The greenback dominates the forex market with more than 60% of aggregate forex transactions and global forex reserves....Read More
Gold slumped to a 16-month low last week but managed to recover and end the week with a 1.1 per cent gain bringing a halt to its five week losing streak. Despite the recovery, there is little encouragement for yjegold bulls as they face the next big challenge which is the Fed’s monetary policy decision...Read More
Commentary Why have economic crises ‘sneaked up’ on us humans for so long? Sure, there have always been lonely voices warning about an approaching collapse, but they have usually been met with laughter and ridicule. Nothing is naturally more rewarding for a forecaster than earning the ability to say “I told you so” without ever...Read More
The big drivers of Minnesota’s economy in June surpassed pre-pandemic levels of employment in a sign that the state is well on its way to recovery and prosperity. While political leadership often takes more credit than is due for these kinds of developments, the strategy Minnesota leaders took through the pandemic and economic strife wasn’t...Read More
The dollar’s record rally is wreaking havoc on some of the biggest companies in the world this earnings season. Earlier this month, the dollar index hit a 20-year high of 109.29. The euro fell below parity with the greenback for the first time since 2002, and central banks across the world continued to weigh rate...Read More
A man walks past Bank of Japan’s headquarters in Tokyo, Japan, June 17, 2022. REUTERS/Kim Kyung-Hoon Register now for FREE unlimited access to Reuters.com Register TOKYO, July 22 (Reuters) – Worries over a global slowdown are casting a shadow over Asia’s recovery prospects with factory activity growth slowing in Japan and Australia, keeping pressure on...Read More
Today in the connected economy, Amazon acquires primary care provider One Medical in an effort to expand its healthcare offerings. Meanwhile, Uber announces an expansion to its grocery delivery services, and Arvest Bank launches a partnership with Google Cloud. Amazon to Buy One Medical for $3.9B to Expand Healthcare Offerings Amazon is hoping to expand...Read More
(Business in Cameroon) – The rise in the US dollar will make Cameroon pay an extra CFA3 billion in external debt service for July 2022. The Minister of Finance’s Treasury Committee explained that while the 2022 budget was prepared based on $1 for CFA588.5, the greenback is now worth more than CFA640, up 9% compared to...Read More
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