Do you like bubble tea?   Love it or hate it, chances are you know a millennial or Gen Zer who is obsessed with this overly sugary beverage that almost tastes chewy as it slides down your throat because it contains sticky tapioca balls, also known as "boba" or "bubbles." In the last few...

The Stockholm International Peace Research Institute claimed on Monday that there has been a "global deterioration in peace and security" as military spending has hit a record high of $2.4 trillion in 2023.   The institute stated in a report on military spending patterns that the number...

Israel's long-term foreign and local currency ratings were reduced to "A+" from "AA-" by international rating agency S&P Global Ratings, which noted that the country's already significant geopolitical risks are compounded by escalating confrontation with Iran. "Negative" ratings are anticipated....

IMF Managing Director Kristalina Georgieva stated on Friday that the IMF's shareholders concurred this week on the significance of tackling the problems low-income nations face, many of them are saddled with unmanageable debt loads.   This week, a number of publications from the World Bank...

Governor of the Bank of Japan Kazuo Ueda stated on Friday that if underlying inflation keeps rising, the central bank "very likely" to hike interest rates and eventually start to cut back on its massive bond purchases.   According to Ueda, long-term inflation expectations are still close to...

The Federal Reserve's most recent survey of U.S. central bank contacts identified persistent inflation and higher-for-longer interest rates as the main threats to financial stability. Geopolitical unrest and the 2024 U.S. presidential election were also identified as "a potentially significant...

According to a research released on Thursday by senior analyst Yunbang Xu of S&P Global Ratings, China's fiscal stimulus is becoming less successful and is primarily being used as a means of buying time for its industrial and consumption programmes.   The fiscal boost was measured by the...

According to a Federal Reserve poll released on Wednesday, U.S. economic activity increased little between late February and early April, and businesses indicated they expected inflation pressures to remain stable. These findings continue recent patterns that have prevented the central bank from...

As part of their daily governance, banks need to consider the risks associated with using artificial intelligence (AI) and machine learning (ML), according to a senior global banking regulator on Wednesday.   Pablo Hernandez de Cos, the governor of the Bank of Spain and chair of the...