Egypt hikes interest rates by 600 basis points, pound crumbles to record low
Egypt’s pound hit a record low against the dollar on Wednesday after its central bank hiked interest rates by 600…
China’s central bank governor says there’s room to cut banks’ reserve requirements
BEIJING — The heads of China’s central bank and economic planning agency signaled that authorities would be willing to take…
Nigeria battles to halt spiraling currency crisis and rising food insecurity
Nigeria is battling to contain a historic currency crisis and soaring inflation, with the International Monetary Fund on Monday warning…
Turkish annual inflation soars to 67% in February
Turkish annual consumer price inflation soared to 67.07% in February, the Turkish Statistical Institute said Monday, coming in above expectations.…
House GOP’s budget ‘poison pills’ could force spending cuts, rattle economy
House Republican hardliners’ efforts to stonewall a budget deal ahead of a looming government shutdown could risk triggering automatic spending…
Israel’s GDP contracts nearly 20% in fourth quarter amid Gaza war
Israel’s gross domestic product shrank nearly 20% in the fourth quarter of 2023, according to official figures. The contraction was…
‘China has a lot more to lose’: U.S. considering sanctioning Chinese firms aiding Russia’s war
Munich, GERMANY — The U.S. is considering slapping sanctions on Chinese companies it believes are helping Russia fuel its war…
Russia’s war in Ukraine is igniting an old debate in Brussels over debt
Munich, GERMANY — Should we borrow from global markets as one combined entity and raise new debt together? That’s the…
Germany’s defense minister says NATO’s 2% target is just the start: ‘We’ll probably need more’
Germany’s defense minister said on Saturday that his country’s commitment to spend 2% of GDP on defense was just the…
