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Florida Woman Who Alleged Baby Powder From J&J Triggered Her Cancer Loses Lawsuit 04/19/2024

According To S&P, China's Fiscal Stimulus Is Becoming Less Effective 04/19/2024

S&P downgrades Israel's ratings to 'A+' from 'AA-' due to rising geopolitical risks 04/22/2024

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Economics

IMF: Debt levels in many countries hit record highest in 50 years

IMF: Debt levels have reached their highest points in half a century in a number of nations worldwide. The International Monetary Fund's (IMF) Research Department deputy director, Antonio Spilimbergo, stated that debt levels are currently at their highest points in half a century in many countries....

World Bank: Ukraine needs $486bn to rebuild over the next decade

The World Bank said in a joint statement posted on its website that the UN, EU, Kiev, and others estimate the cost of reconstructing Ukraine over the next ten years to be $486 billion, up from $411 billion last year. "Following nearly two years of Russia's full-scale invasion into Ukraine, the...

With The Chinese Economy Slowing, Some Youth Choose To Forego Corporate Careers In Favour Of "Me Time"

Chu Yi, who is opting to "lie flat"—a Chinese euphemism for people who work just enough to afford to spend their time on what they enjoy—is faced with dwindling job opportunities as the economy slows down. The 23-year-old, who is currently residing in Shanghai, was employed by a fashion company...

Japan Economy Slips Into Recession Unexpectedly Making Germany The Third-Biggest Economy Of The World

Unexpectedly entering a recession at the end of the previous year, Japan lost its position as the third-largest economy in the world to Germany, casting doubt on the timing of the central bank's decision to cease its ultra-loose monetary policy that had been in place for ten years. A...

Rate Cut Reconsideration Creates Chaos In World Markets

Wednesday saw difficulties on Asian markets as traders reduced their expectations for interest rate reduction by the Federal Reserve later in the year and the implications for central banks around the world. Market pricing for 2024 rate cuts has dropped from approximately 160 basis points...

Bitcoin's Market Capitalization Rises To $1 Trillion As It Surpasses A Two-Year Peak

According to CoinMarketCap data, the market capitalization, or total worth of bitcoin in circulation, increased beyond $1 trillion on Wednesday for the first time since late 2021. During the day, the cryptocurrency also crossed the $51,000 threshold, something it hadn't done since December...

IEA head forecasts slowdown in global oil demand growth in 2024

According to Fatih Birol, president of the International Energy Agency (IEA), supply build-up by several nations will assist satisfy demand and keep prices in line, therefore the situation in the global oil market is likely to stay favorable in 2024. 2024 would see an increase in global oil demand...

OPEC Secretary General Predicts A Strong Long-Term Demand Outlook

The Secretary General of OPEC stated on Tuesday that the postponement of plans to expand Saudi Arabia's oil output should not be construed as a sign that the market for crude oil is contracting. At the World Governments Summit in Dubai, Haitham Al Ghais told Reuters, "First of all, I want...

Recession Calls Are Ignored By Bullish Investors For The First Time Since April 2022

According to a Bank of America study released on Tuesday, investors around the world are more confident than they have been in the past two years this month and no longer anticipate a recession. According to the research, fund managers with a combined $568 billion in assets reduced cash to...

In 2023, The Robot Invasion Saw A Lull As The US Economy Weakened

The robotic invasion of North America's workforce has been steadily increasing over the past five years, but there was a hiccup last year when businesses in the region ordered roughly one-third fewer robots due to concerns about a slowing economy and rising interest rates. According to...