Any method devised by Homer Simpson to become wealthy quickly almost always backfires.   The poor father in the most recent episode of The Simpsons turns himself and his son Bart into NFTs in an attempt to gain millions of dollars.   When Homer learns that "the NFT craze is over" via...

US President Joe Biden's administration swiftly criticised Moody's for lowering its outlook on the U.S. credit rating to "negative" from "stable" on Friday, citing significant fiscal deficits and a fall in debt affordability.   The action comes after the sovereign's rating was downgraded...

China is importing record amounts of oil from Iran as the country increases production in defiance of the possibility of additional U.S. sanctions.   Current sanctions were put in place due to Iran's nuclear programme, and American politicians are looking to increase pressure following...

Huw Pill, the chief economist of the British Central Bank, argues that the Bank of England should maintain its tight monetary policy, writes the Financial Times. "We don't need to raise rates to keep inflation under control," Pill argues. - "It will keep them at the present restricted level."...

After four months of stable policy, Australia's central bank lifted interest rates to a 12-year high on Tuesday. However, it did not say whether more tightening would be required to control inflation.   The Reserve Bank of Australia (RBA) hiked its cash rate by 25 basis points to 4.35% as it...

Despite a recent rebound in domestic demand, China's economy remains vulnerable to persistent threats, as evidenced by a mixed set of statistics that saw imports grow unexpectedly in October while exports declined at a faster rate.   The trade numbers come after a string of largely positive...

Notwithstanding opposition from developing countries and the US, nations took a step towards establishing a fund on Saturday to assist underprivileged states harmed by climate disasters.   At last year's United Nations climate conference in Egypt, developing country negotiators overcame...

China's leader, speaking at a trade show in Shanghai on Sunday, promised to increase imports and broaden market access. However, European businesses expressed disapproval, stating that they desired to see more noticeable progress in the nation's business climate.   At the annual China...

According to Economy Minister Sergio Massa, the Argentine government has decided not to impose a tax on the oil industry in an effort to reduce fuel price increases and increase the availability of gasoline. Due to a shortage of gasoline and diesel, huge lineups have formed outside gas stations in...