Ben S. Bernanke, Douglas W. Diamond and Philip H. Dybvig have won the 2022 Nobel Prize in economics “for research on banks and financial crises.” The trio were honored for their groundbreaking work on bank...
Liz Truss has endured a brutal start to her tenure as UK prime minister. Her first major policy move led to financial chaos and a humiliating U-turn. Her position is already in doubt, as the...
As energy prices continue to soar, EU member states are holding emergency negotiations on how to soften the blow for businesses and consumers. European Union energy ministers on Friday agreed on a package of measures...
It is commonly known that the dollar, the pound, the euro, and the yen dominate the world’s trade invoicing currencies. Regardless of origin and destination, exports and imports of nations frequently use these currencies, with...
Swiss have voted in favor of the proposal by a narrow margin in a referendum. Another proposal, on imposing stricter regulations on livestock farming, failed to pass. Swiss voters accepted the government’s pension reform plan by...
Following surprisingly high inflation numbers in August, the US Federal Reserve raised benchmark interest rates for the third time this year. The US Federal Reserve, commonly known as “the Fed,” has raised interest rates by 75 basis...
As the EU attempts to unpick its reliance on Russian gas, it could become more dependent on Chinese supplies, some of which come from Russia. This might undermine the aim of reducing purchases of its...
The war in Ukraine has made wheat farming and export difficult. So local farmers are turning to oil-producing plants instead. The government plans to build an innovative pipeline into Poland to help them. In seven...
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...
The euro has fallen to a 20-year low threatening to inflict further pain on an economy that’s already having to contend with a surge in inflation. And the bad news is that the common currency’s...
In the late 2000’s, nobody would have a clear idea of the non-traditional industries like Uber and Airbnb. Uber, Airbnb, Alibaba, Netflix are the top and most common services people use today. All run on...
Porsche CEO Oliver Blume has begun his dual role as the head of Volkswagen. Blume is taking over at a sensitive time for the German carmaker, as it tries to pull off a shift to...