Economic News

U.S. Treasury Secretary Pledges Support for Egypt’s Economy Amid Talks Over IMF Loan Expansion

U.S. Treasury Secretary Pledges Support for Egypt’s Economy Amid Talks Over IMF Loan Expansion

U.S. Pledge of Support: Secretary Yellen assures Egypt of robust U.S. support for economic reforms amid talks on IMF loan…

January 10, 2024

British Retailers Face Lacklustre Christmas Sales, Raising Recession Concerns

Retail Struggles: British retailers faced lacklustre Christmas sales, with December spending only 1.7% higher, dampened by inflation. Economic Challenges: High…

January 9, 2024

Federal Reserve Governor Michelle Bowman Shifts Stance on Monetary Policy

Federal Reserve Governor Michelle Bowman retreats from a hawkish stance, deeming current U.S. monetary policy sufficiently restrictive. She signals support…

January 9, 2024

Treasury Secretary Janet Yellen Advocates Clean Energy Tax Credits in Boston Visit

Yellen's Boston Visit: Treasury Secretary Janet Yellen visits Roxbury Community College, showcasing clean energy upgrades and highlighting potential savings. Key…

January 9, 2024

Economic and Geopolitical Developments Shake Global Markets

Market Volatility Amid Economic Data: U.S. payrolls and service sector reports create uncertainty, sparking seesawing markets. Geopolitical Tensions Ahead of…

January 8, 2024

Brazil’s Tax Shake-Up Sparks Congressional Clash: Minister’s Bold Move Faces Backlash in Economic Overhaul

Brazil's Finance Minister faces opposition for proposing tax adjustments through an executive order, challenging Congress decisions. Senator Efraim Filho criticizes…

December 28, 2023

Bridging Borders: US-Mexico Collaboration Sparks Solutions to Record Migration Surge

Collaborative Solutions: U.S. and Mexico pledge joint efforts to address record migration, focusing on comprehensive solutions and root causes. Initiatives…

December 28, 2023

German Market Rollercoaster: Stocks Slide, Sectors Struggle, and Surprising Performers Emerge in Thursday’s Trading

German stocks dipped on Thursday, with losses in Construction, Technology, and Retail sectors driving index declines. DAX, MDAX, and TecDAX…

December 28, 2023

Year-End Surprise: U.S. Mortgage Rates Plummet to Lowest Since May Amid Fed’s Policy Shift

Continued Decline: Mortgage rates on a 30-year fixed-rate loan have dropped for the ninth week, reaching 6.61%, the lowest since…

December 28, 2023

U.S. Student Loan Struggles Surge as Biden Unveils Bold Repayment Measures

Only 60% of U.S. federal loan holders resumed payments post-pandemic, exposing pre-existing financial challenges. Outstanding education debt exceeds $1.7 trillion,…

December 27, 2023