IMF: Higher Inflation Requires ‘More’ Monetary Policy Tightening in Asia
The International Monetary Fund (IMF) has warned that Asia’s central banks must tighten monetary policy further to ensure that inflation returns to target levels.
Nick R. Hamilton
India Increases Festival Spending despite Red-Hot Inflation Concerns
Consumer spending is increasing in India during the Hindu festival season, despite major concerns about red-hot and rising inflation.
Trump’s Truth Social App Approved on Google Play Store after Months of Deliberations
President Donald Trump’s social media platform Truth Social has finally had its app approved for distribution on the Google Play Store.
Federal Budget Deficit Hits $1.4 Trillion, Despite Shrinking: CBO
By the end of the fiscal year 2022, the U.S. federal budget deficit was a staggering $1.4 trillion, despite shrinking, according to estimates published by the Congressional Budget Office (CBO).
Over 50% of World’s Poorest Need Urgent Relief as Serious Debt Crisis Unfolds, UNDP Warns
Over 50 percent of the world’s poorest people are in need of urgent relief amid a mounting serious debt crisis, the United Nations Development Programme (UNDP) has warned.
Gas Prices Continue to Rise, Diesel Back Above $5 as ‘Ugly Inflation’ Returns
Gas prices are on the rise again in the United States as “ugly” inflation returns.
South Africa May Start Taking Land from White Farmers without Compensation
South Africa may start confiscating land from white farmers without giving them compensation, according to reports.
IMF Chief Warns World Heading Toward ‘Dangerous New Normal’
The head of the International Monetary Fund (IMF) has warned that the world is heading toward a “dangerous new normal.”
Biden Releases More Oil after OPEC Slashes Output
The Biden administration has moved to release more domestic oil after the Saudi Arabia-led Organization of the Petroleum Exporting Countries (OPEC) and its allies surprised global energy markets on Wednesday by agreeing to slash crude production by 2 million barrels per day (BPD).
$453 Billion in Value Wiped from New York Offices Due to Remote Work
An estimated $453 billion in value has been wiped from offices in New York City due, in part, to the rise of remote work, a new study has found.