Global debt has grown to $315 trillion this year — here’s how we got here
The world is mired in $315 trillion of debt, according to a report from the Institute of International Finance. This global debt…
South Africans vote in the most pivotal election since the end of the apartheid
Some 30 years on from the peaceful transition from apartheid rule to democracy, South Africa could once again be on…
European banks in Russia face ‘awful lot of risk’, Yellen says
U.S. Treasury Secretary Janet Yellen told Reuters that European banks face growing risks operating in Russia and the U.S. is…
British retail sales plunge 2.3% in April, missing estimates
LONDON — U.K. retail sales volumes dropped 2.3% in April as wet weather deterred shoppers, the Office for National Statistics…
JPMorgan CEO Jamie Dimon says can’t rule out ‘hard landing’ for the U.S., stagflation will be ‘worst outcome’
JPMorgan Chase‘s chairman and CEO, Jamie Dimon, says a “hard landing” for the U.S. cannot be ruled out. When asked…
Britain’s inflation rate could be about to drop below the Bank of England’s 2% target
LONDON — U.K. inflation could be about to hit a major milestone, with some forecasting that a sharp fall in…
Iran begins days of nationwide funeral rites for President Ebrahim Raisi after helicopter crash
Thousands of mourners descended on Tabriz on Tuesday for a funeral ceremony honoring Iranian President Ebrahim Raisi, who perished in…
Biden and Netanyahu’s fraught relationship hits new low after U.S. pauses weapons shipment
“It’s definitely an earthquake.” That’s how American diplomat Richard Haass described the stunning declaration by U.S. President Joe Biden that…
The U.S. is now Germany’s biggest trading partner — taking over from China
After years of China being Germany’s main trading partner, the U.S. looks like it’s quietly taking that top spot as…
UK to suffer slowest growth of all rich nations next year, OECD says
The U.K.’s “sluggish” growth prospects have put it on course to be the worst-performing economy of all advanced nations next…
