The German government and leading economists say that Germany is heading toward a recession. What constitutes a downturn and what does that entail? Germany’s economy is facing extremely testing times. First, the coronavrius pandemic took a...
Lebanon is in the midst of a currency crisis and has devalued its local currency. But implementing a new exchange rate policy is set to have catastrophic consequences on people’s daily lives. Lina Boubess, 62,...
The dollar continues to ride high. It reached its highest level against the yen since the recent intervention. The Canadian dollar has fallen to its lowest level in two-and-a-half years and the New Zealand dollar...
Despite Western sanctions, Russia seems to have won the energy market. But some say Moscow will soon run out of cash. Russia’s economy was predicted to collapse after Western countries imposed unprecedented sanctions on Moscow over...
Ukraine’s central bank has been de facto printing money to pay its troops, but the measure is unsustainable. More international support is vital, but how much new cash could be raised domestically? As the war against...
A string of record-breaking profit reports from the world’s largest oil companies has raised eyebrows, given that consumers around the world are grappling with a worsening energy crisis. The global energy crisis and high inflation...
The International Monetary Fund (IMF) has cut its global growth forecast to 3.2% amid high inflation and the war in Ukraine, and warned the world could be “teetering on the edge of global recession.” In...
The bank has ended an era of negative interest rates with a higher-than-expected hike. The move could put a brake on rising prices but might also dampen economic growth. The European Central Bank on Thursday raised its key...
As President Recep Tayyip Erdogan has refused to allow interest rate rises, Turkey steps toward capital controls to support its national currency, the lira. Analysts say an economic slowdown may be on the way. Turkey,...
The European Central Bank has left the interest rate unchanged but indicated that it will rise in July — the first hike since 2011. It is also halting a program which ultimately amounts to printing...
As food prices rose and war broke out in Ukraine, investors looking for a sure bet flocked into food commodities. The trend could be pushing prices up even further, with live-or-die consequences for the world’s...
The market is a fickle mistress. The major central banks were judged to be behind the inflation curve. Much teeth-gashing, finger-pointing. Federal Reserve Chair Powell was blamed for denying that a 75 bp hike was under...