Iranians wonder what has happened to tens of billions of dollars in recent oil revenues, when the economy weakens, the currency keeps falling, and prices rise. With the deterioration of the economic situation in recent days and the danger of a social explosion, even state-controlled media publish interviews and comments about the mystery of oil...Read More
A version of this story first appeared in CNN Business’ Before the Bell newsletter. Not a subscriber? You can sign up right here. New York CNN Business — The Federal Reserve’s favorite inflation-related adjective used to be transitory, as in: Inflation is transitory and price increases should be temporary. That is no longer the case. Inflation...Read More
As governments slowly shackle the crypto industry with regulations and obligations, Portugal is increasingly isolated in Europe — a place with few rules that investors describe as a crypto paradise. “You don’t need to do anything else because you already have a perfect system, with zero percent tax on bitcoin,” said Didi Taihuttu, a prominent...Read More
Recent polls have indicated that the national economy is on the minds of many people, and most of those that feel unfavorably about it blame President Joe Biden. If there is a “blame” to be assigned, I respectfully suggest that “we the people” bear the great majority of that blame. Why? It’s Economics 101: supply...Read More
Taipei, May 7 (CNA) Taiwan dollar bills with special serial numbers have brought in a net NT$66 million (US$2.23 million) to the national coffers from auctions over the past decade, according to the central bank. At the biannual auctions that began in 2012, the dollar bills generated total sales of NT$89.88 million, the central bank...Read More
May 9 at 9:00 AM Failed to save article Please try again Person Putting Coin In Piggy Bank At Table (Thana Prasongsin via Getty Images) Guests: Jerry Nickelsburg, adjunct professor of economics, UCLA’s Anderson School of Management; director and senior economist, UCLA Anderson Forecast. Tara Sinclair, professor of economics and international affairs, George Washington University. Abha...Read More
Author: Julien Chaisse, City University of Hong Kong Hong Kong recently applied to join the Regional Comprehensive Economic Partnership (RCEP). The underlying aim of RCEP is to create an integrated market across the region. RCEP accounts for roughly 30 per cent of the world’s output, trade and population. RCEP membership is ‘open to any state...Read More
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