Economy

The Egyptian economy has been facing challenges with inflation for quite some time now, and the situation seems to be worsening. Despite forecasts suggesting a decline in inflation for the sixth consecutive month in August, some analysts are wary of the impact of government-led price hikes. The government, in an effort to battle a significant

In a recent development, France has requested an extension from the European Commission for submitting a plan to reduce its public deficit. The country is facing the possibility of seeing its budget deficit increase unexpectedly if additional savings are not identified. This situation has led to France being put into EU disciplinary proceedings and has

U.S. Treasury Secretary Janet Yellen recently hinted at her future plans after President Joe Biden’s term ends in January. During the Texas Tribune Festival in Austin, Texas, Yellen mentioned that she is “probably done” serving at the highest levels of government, but left some room for ambiguity by saying, “we’ll see.” This comment marks a

Over the weekend, thousands of individuals in France took to the streets in protest of President Emmanuel Macron’s recent decision to appoint Michel Barnier, a center-right figure, as prime minister. This move has sparked outrage from left-wing parties who have accused Macron of manipulating legislative elections to his advantage. Macron’s choice of Barnier follows a

The beloved Elizabeth Street Garden in lower Manhattan faces the threat of becoming a casualty in New York City’s push to develop more housing. Despite opposition from celebrities like Robert De Niro and Martin Scorsese, the city has proposed a 123-unit affordable housing project for seniors on the one-acre plot. Alternative sites nearby have been

The dream of a U.S. manufacturing renaissance has been a recurring topic in political discourse in recent years. Both the Trump and Biden administrations have proposed ambitious plans to revive the fading industrial strength that once defined the American economy. However, the reality paints a different picture. U.S. manufacturing has been on a gradual decline

Thailand’s newly elected Prime Minister Paetongtarn Shinawatra has announced her government’s intention to kickstart the economy immediately. Following a special cabinet meeting to prepare policies, she is set to present her plans at a parliamentary meeting next week. Paetongtarn plans to continue the policies of her predecessor, with some adjustments, focusing on debt restructuring, support

Recent reports indicate that the U.S. Federal Reserve and other regulators are preparing to introduce significant changes to the proposed banks’ capital rules. These revisions, expected to be unveiled as early as Sept. 19, could span up to 450 pages and are likely to impact various aspects of banking operations. One of the key areas

French Prime Minister Michel Barnier, known for his role in negotiating Brexit, now faces a new challenge – running a country divided by deep political faultlines. President Emmanuel Macron’s decision to appoint Barnier, 73, as his prime minister comes at a critical time, with France facing a hung parliament and pressing budget legislation with significant

The recent data released by the Labor Department regarding jobless benefits in the United States has shown a decline in new applications, pointing towards a positive trend in the labor market. This decrease in layoffs could potentially allay fears of a deteriorating economy, as it indicates a level of stability in the job market. The

As global markets faced a significant sell-off, the Japanese yen emerged as a safe-haven asset, resulting in a rally in its value. This surge in the yen’s strength was accompanied by a decline in riskier currencies such as the Australian dollar and sterling. The catalyst for this market volatility was attributed to soft U.S. manufacturing

Bank Negara Malaysia (BNM) is expected to maintain its key interest rate at 3.00% through 2025, according to economists. The country’s inflation is at a stable 2.0%, but the Malaysian ringgit has seen a significant turnaround in recent weeks, becoming one of the strongest Asian currencies. This shift indicates that the central bank is unlikely