Rising Government Debt Threatens Financial Stability, Inflation, BIS Says – WSJ
Governments should cut back on borrowing to ease one of the biggest threats to the stability of the global financial system and support efforts to...
Category : News En
Is coal the new gold? – The Economist
From some angles it seems as if thermal coal, the world’s dirtiest fuel, is having a tough year. Prices are down a bit. China, which gobbles up...
Why the Fed must change how it targets inflation – The Financial Times
The US Federal Reserve’s influence on global capital flows, asset prices, and currencies dwarfs any other monetary policymaker. That’s why its interest rate-setting framework matters...
Will services make the world rich? – The Economist
In april a New York fried-chicken shop went viral. It was not the food at Sansan Chicken East Village that captured the world’s imagination, but...
Canada Inflation Picks Up in May, Rising 2.9% – WSJ
A surprise spike in Canadian inflation last month throws up a possible hurdle for the central bank to offer up back-to-back rate cuts and is...
Oil-rich Abu Dhabi wants to be an AI leader. Aligning with the US is just the start – CNN
The world’s first minister dedicated to developing artificial intelligence (AI) strategy is already becoming embroiled in a global power struggle for tech supremacy. In April,...
Australia’s inflation rises to 4%, stoking concern interest rates could increase again – The Guardian
Australia’s monthly inflation rate increased to its highest level in 2024 in the latest indication that the Reserve Bank won’t be cutting interest rates soon...
German Consumer Confidence Retreats on Waning View of Economic Revival – WSJ
German consumers joined businesses in offering a more pessimistic outlook, reflecting more uncertainty about the country’s economic rebound. The forward-looking consumer-climate index for Germany, published...
The Nvidia spell has been broken. Here’s what could come next – CNN
The $3 trillion tech darling has seduced investors, and its stock has risen about 750% since the beginning of 2023. But the past few days...
International scheme to tax billionaires’ wealth technically feasible, study finds – The Guardian
An international scheme to tax the wealth of the world’s 3,000 billionaires is technically feasible and could net up to $250bn (£197bn) a year in...