- January 8th, 2025
Asia's manufacturers are facing worsening pressure in October as factory activity in China continues to decline, affecting recovery prospects for major exporters. Purchasing managers' indexes for China, Japan, and South Korea show activity shrinking, while Vietnam and Malaysia also face...
WeWork shares fell over 35% in premarket trading after reports emerged that the company could file for bankruptcy next week. The New York-based firm, once valued at $47 billion, now has a market capitalization of around $121 million. The bankruptcy...
China's Shenzhou-16 manned spacecraft has successfully returned to Earth after a historic 154-day mission. The craft landed at the Dongfeng Landing Site, with the on-site medical team confirming the three taikonauts onboard, led by mission commander Jing Haipeng, in good...
The European Union-US summit in Washington saw European Commission President Ursula von der Leyen and Chief of the European Council Charles Michel meet US President Joe Biden. The summit aimed to strengthen the transatlantic partnership, which had been strained during...
Hyperinflation has been a threat to fiat money economies throughout history, but modern bankers at the Federal Reserve assure us that today's financial system is immune to such a fate. Austrian business cycle theory reveals that current economic stimulation may...
The U.S. Treasury reports a $1.7 trillion deficit for 2023, a $320 billion increase from the previous year and 6.3% of GDP, indicating a recession disguised by bloated deficit spending. The Biden administration increased taxes, but revenues declined, with government...
The Bureau of Economic Analysis is set to release the first calculation of the third-quarter US Gross Domestic Product on October 26th. Bloomberg forecasts indicate a significant increase over the second quarter's 2.1% growth, with the mean projection for the...
Cryptocurrency's role in geopolitics is complex and often evokes concern, especially in the current world order. The Russia-Ukraine conflict highlighted the intricate relationship between cryptocurrency and global affairs, while the Israel-Palestine conflict has sparked questions about the financial mechanisms behind...
Saudi Arabia, the world's third-highest crude oil and condensate producer, is a key member of OPEC+. In October 2022, the country agreed to crude oil production cuts to balance the global oil market and hedge against the downside risks of...
The International Monetary Fund (IMF) is seeking a strong budget and a narrower deficit from Sri Lanka to bridge the gap between government revenue and expenditure. Sri Lanka experienced its worst financial crisis in seven decades last year due to...
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