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US Fed’s Powell’s Balancing Act: How He Curbed Inflation and Shielded Jobs 08/19/2025

Novo Nordisk cuts Ozempic price in the US to $499 per month 08/19/2025

JPMorgan Chase may move its European headquarters 08/19/2025

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Economics

Venezuela estimates losses from US sanctions at $232B

According to Delcy Rodríguez, Venezuela's vice president, the country has already lost $232 billion since 2015, when the US implemented sanctions against it. She claimed that the main effect of the sanctions has been a decrease in oil production. Ms. Rodríguez stated at a seminar on national unity...

Accelerating The Use Of Electric Vehicles Requires Lithium

The second-largest producer of lithium in the world, Chile, announced plans to hand over management of EV battery mineral production to a new state-owned firm. Here are some pertinent details about lithium and EVs: Lithium: What Is It? The silvery-white element has the...

Russian Billionaires' Net Worth Has Increased To Above $500 Billion, According To Forbes Russia.

According to Forbes Russia, the wealthiest individuals in Russia increased their wealth by $152 billion over the previous year, helped by strong natural resource prices and recovering from the significant loss of fortunes they experienced immediately after the start of the Ukraine war. The...

Chile Intends To Nationalize Its Enormous Lithium Sector

The lithium business in Chile, the second-largest producer of the metal necessary for electric vehicle batteries in the world, will be nationalized, according to President Gabriel Boric of Chile, in order to strengthen the nation's economy and safeguard the environment. The unexpected...

Bank of Japan will continue to pursue soft policy

The Bank of Japan will maintain its current accommodative stance in order to hit its inflation target. Considering the "extremely high uncertainty of the outlook," a Bank of Japan official stated on Wednesday that the institution will continue to adopt accommodative policies in order to meet its...

Worsening Funding Crunch Situation To Increase Suffering For The Once Booming Startup Ecosystem In India

As investors adjust to stretched valuations and failing consumption growth, a funding crunch at Indian startups that has already resulted in layoffs and postponed stock listings is expected to pave the way for industry consolidation. According to data from analytics firm CB Insights,...

Inflation In UK Most In Western Europe, Barely Declines In March.

Britain now has the highest rate of consumer price inflation in western Europe, according to official data released on Wednesday, after it dropped less than expected in March from February's 10.4% to 10.1%. According to economists surveyed by Reuters, the annual CPI rate will drop to 9.8%...

China's Economy Is Growing, But There Are Difficulties To The Outlook Due To Global Factors

While headwinds from a global slowdown suggest a difficult road ahead, China's economy expanded faster than anticipated in the first quarter as firms and consumers were freed from crippling pandemic interruptions by the lifting of strict COVID limits. The world's economic development has...

Central Banks Have Not Yet Scripted The Concluding Act Of The War Against Inflation Even As Threats Grow

Although major central banks are well into their campaign to raise interest rates in an effort to combat inflation, researchers warn that financial markets may yet see disruptions along the way because price increases are proving more difficult to moderate than anticipated. The Bank of...

US becomes India's largest trading partner in 2022-23

According to preliminary figures cited by the commerce ministry, the US has overtaken China as India's top trading partner in the fiscal year 2022–2023. The government claims that compared to 2021–2022, bilateral trade between India and the US grew by 7.65% to $128.55 billion in 2022–2023 from...