Economy

Kevin McCarthy

US Senate's proposed stopgap funding measure unlikely to advance in House: Speaker

US House Speaker Kevin McCarthy has said the Senate's proposed stopgap funding measure is unlikely to advance in the House, as a federal...

Eurozone

ECB Estimates Eurozone Inflation to be Above 3% next Year; Another Rate Hike on the Cards

The updated 2024 projection is well above the central bank's 2% target and will be higher than the 3% forecast in June.

China Flag

Economists Cut Ailing Chinese Economy's Growth Rate This year to 5% From 5.5%

With 70% of household wealth tied up in the ailing property market, coupled with rising youth unemployment, weak...

Pakistan refugee camp

Pakistan Economic Crisis: 35-Yr-Old Dies by Suicide Over Exorbitant Power Bill, Second Such Death in a Week Amid Protests

The tragic incidents come as the caretaker government has failed to come up with any relief measures for the agitating...

US economy expands 1.4% in fourth quarter; corporate profits fall

Revised GDP Data Shows US Economy Remains Resilient, Powered by Consumers

Economists conclude that the latest figures show the economy's resilience, given the backdrop of a more than 500 basis...

Car factory in South Carolina

Analysis: US Growth, a Puzzle to Policymakers, Could Pose Global Risks

Fed policymakers will deliver a crucial update to their economic outlook at a Sept. 19-20 meeting, when they are...

Wilko

UK Retailers to Trim Jobs and Costs as Consumer Spending Slumps Amid Tight Rates

Retail activity in the country has dropped for a fourth straight month in August and the sentiment is at its lowest...

PBoC

China Trims Rates to Revive Growth; Markets Sink on Lower-Than-Expected Cut

The Chinese central bank lowered its prime lending rate to 3.45 percent from 3.55 percent on Monday.

Evergrande Group

Battling $300 Billion Debt, Chinese Property Giant Evergrande Files for Bankruptcy in the US

The company made the Chapter 15 bankruptcy protection filing in a New York court, enabling it to protect its US assets...

IBTIMES TV

RBI hikes repo rate by 35 basis points to 6.25%, expects inflation to remain high

BLOGS AND FEATURES

Robert Kiyosaki

America is Broke, the Fed is Smoking Fantasy Weed, Says 'Rich Dad Poor Dad' Author Robert Kiyosaki

By Jacob J

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