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

Asia’s Coconut Oil Crunch Turns a Kitchen Staple into a Global Pressure Point 08/20/2025

Banks and markets push back as global crypto rules risk shutting lenders out 08/20/2025

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Economics

French authorities expect the national economy to grow next year

According to Economy and Finance Minister Bruno Le Maire, France's economy will expand in 2023 despite a challenging economic climate. He declared, "I assert that we will have positive development (in the economy) in 2023." He asserted that the economy will expand by 1.4 percent in 2023 despite...

The Major "Merge" Upgrade Of Ethereum Explained

The second-largest crypto token in the world, ether, built on the Ethereum blockchain, will soon undergo a significant software upgrade that will reduce the energy required for transaction processing and coin creation. The Ethereum blockchain is about to merge with another blockchain,...

Review Of China Business Restrictions Being Done By The German Economy Ministry

In an effort to lessen its reliance on Asia's economic superpower, the German economy ministry is considering a number of measures to make doing business with China less appealing, according to two people familiar with the situation who spoke to Reuters. According to those people, the...

It Will Cost $176 Trillion To Reach United Nations Sustainability Goals, Says New Report

According to a report released on Thursday, the cost of achieving global goals to combat problems like hunger, poverty, and climate change increased by 25 per cent to $176 trillion over the previous year and performance on several measures reversed. According to the report by the...

Deutsche Bank’s head warns of recession

Christian Sewing, the CEO of Deutsche Bank, cautioned that China posed a severe danger to Germany and that Europe needs big banks to compete with U.S. lenders. Germany "can no longer avoid recession," according to the chief executive of the major German bank, because of its excessive reliance on...

Bank of Canada raises key rate by 75 basis points

The Bank of Canada increased its benchmark interest rate by 75 basis points on Wednesday, reaching its highest level in 14 years while announcing the need for additional increases to tackle high inflation. Following its regularly scheduled meeting, the Bank of Canada increased its interest rate...

A Large Rate Hike Could Be Implemented By European Central Bank With The Slowing Of The Economy Toward A Recession

Due to the rising cost of living, which is on the verge of increasing even further, the European Central Bank is anticipated to frontload a number of rate increases and sacrifice regional growth. Isabel Schnabel, a member of the ECB Executive Board, set the tone for this week's policy...

China's Trade Suffers As Domestic And International Demand Declines

As rising inflation stifled international demand, new COVID restrictions impeded output, and heatwaves interrupted exports and imports, China's exports and imports lost steam in August, and consequently rate of growth missed predictions. This revived downside risks for the fragile...

Norway expects to deliver record gas volumes to Europe this year

According to Frode Leversund, CEO of Norwegian gas transport firm Gassco, Norway will supply record amounts of gas to Europe this year. Over the coming years, Norway will also export sizable amounts of gas to the EU. This year, Norway surpassed Russia to become the major gas supplier to Europe,...

Bayer to pay $40 million to settle drug claims

A former employee of Bayer, Laurie Simpson, sued the manufacturer in 2005 and 2006 for Bayer's deceptive advertising and medication sales practices. To resolve the claims, the medication manufacturer has agreed to pay $40 million to American authorities; Ms. Simpson will receive $11.1 of that...