After the center-left administration raised wealth taxes to 1.1%, a record number of extremely wealthy Norwegians are emigrating to low-tax nations.   According to data by the daily Dagens Naeringsliv, around 30 billionaires and multimillionaires from Norway left the country in 2022. It went...

High-profile IT and media leaders spoke with senators visiting California this week about their experiences working in and competing with China.   A group from the House Select Committee on the Strategic Competition between the United States and the Chinese Communist Party traveled to the...

The favored bond market indicator of an impending recession used by the Federal Reserve has plummeted to new lows, supporting the argument that the central bank will soon need to lower interest rates in order to boost economic growth.   According to Fed research, the most consistent bond...

When central bankers, finance ministers, and political leaders gather next week for the World Bank Group and International Monetary Fund (IMF) spring meetings, the record number of developing countries at risk of debt crisis will be high on the agenda.   Inflationary pressures, rising...

Following discussions with IMF chief Kristalina Georgieva on Tuesday, US Treasury Secretary Janet Yellen praised the IMF's move to lend money to Ukraine and urged the organization to do more to help nations in debt crises. According to the department's press office, Yellen "urged the IMF to deepen...

ECB spokesman Makhlouf: rate increases significantly affect financial circumstances. The European Central Bank's interest rate increase has a significant impact on financial conditions, and when choosing what to do next, ECB governors should consider the longer-term impact of rate increases, said...

Having been increasing the rate at 10 meetings straight, the Reserve Bank of Australia finally kept its benchmark interest rate at 3.6 percent on Tuesday. The bank stated that more time was required to evaluate how the economy and inflation would be impacted by tighter financing conditions....

Prior to the Monday, April 3 meeting of the ministerial monitoring committee, Bloomberg reported that OPEC+ thought maintaining production quotas would be the best reaction to the escalating unpredictability in the oil market. The agency reports that as a result of the banking problem, oil futures...

Japan announced on Friday that it will limit the export of 23 different types of semiconductor manufacturing equipment, aligning its technology trade controls with an effort by the United States to stop China from producing sophisticated chips.   Major worldwide chip equipment producers...