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Economy

“US Growth Forecast Slashed By One Percent, and IMF Warns Global Economy Is Not Looking Good”

October 15, 2021

“EDITOR’S NOTE: The global economic recovery from the pandemic is slowing dramatically, and the International Monetary Fund (IMF) just confirmed that by slashing the U.S.’s economic growth forecast. According to CNN, “the IMF on Tuesday slashed its 2021 growth forecast… Continue Reading…

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Economy

“World’s coal producers now planning more than 400 new mines – research”

June 24, 2021

“The world’s coal producers are currently planning as many as 432 new mine projects with 2.28 billion tonnes of annual output capacity, research published on Thursday showed, putting targets for slowing global climate change at risk. China, Australia, India and… Continue Reading…

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Business, Economy

“These charts show the highest and lowest corporate tax rates around the world”

June 7, 2021

“Highest and lowest corporate tax rates Generally, countries in Africa and South America impose higher corporate tax rates compared with many in Europe and Asia, according to data by Washington-based think tank Tax Foundation, the OECD and consultancy KPMG. Many… Continue Reading…

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Economy

“Global Shortages: How the World Ran Out of Everything”

June 4, 2021

“Global shortages of many goods reflect the disruption of the pandemic combined with decades of companies limiting their inventories. In the story of how the modern world was constructed, Toyota stands out as the mastermind of a monumental advance in… Continue Reading…

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Cryptocurrencies

“Ethereum, the world’s second-largest cryptocurrency, soars above $4,000 for the first time”

May 10, 2021

“Ether surged past $4,000 Monday to hit a new record high, extending a stunning rally for the world’s second-largest cryptocurrency. Ether, the digital token of the Ethereum blockchain, rose nearly 7% over the last 24 hours to $4,141.99 by 3:40 a.m.… Continue Reading…

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Economy

“Opinion: The post-pandemic economy will boom — but not for all”

March 17, 2021

“As the post-pandemic economy begins to surge forward, the Biden administration has an awkward economic problem. The rewards of renewed prosperity are likely to be distributed very unequally, with rich people and companies getting richer — adding to the United… Continue Reading…

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Economy

“India could be back as the world’s fastest growing economy this year”

March 9, 2021

“After plunging into recession for the first time in nearly a quarter of a century, India’s economyshouldcome roaring back to life in 2021.India’s gross domestic product is projected to expand by 12.6% during the country’s fiscal year starting in April, according toa… Continue Reading…

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Economy

“Citi Has a Message for Oil Bulls: $60 Oil to Return by 2021”

September 14, 2020

“Citigroup Inc. has a message to cheer up despairing oil bulls: prices will get back to $60 a barrel before the end of 2021… It will take until late 2021 for global oil consumption to return to the 2019 level… Continue Reading…

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Banking

“Money Markets Have a $750 Billion Problem in Zero-Rate World”

September 8, 2020

“A $750 billion industry still struggling to bounce back from the last crisis is cracking under the Federal Reserve’s lower-for-longer mantra on U.S. interest rates. Prime money-market funds — a long-time favorite for anyone seeking a cash-like investment with a… Continue Reading…

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Banking

“Bank Stocks Are Either Cheap or Signal More Pain”

May 27, 2020

“Something strange happened in the U.S. stock market on Tuesday… Rather, the most unusual part of the latest rally is that bank shares clearly led the advance. As of last week, Bloomberg’s 18-company S&P 500 Banks Index was down more than 40% in… Continue Reading…

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