The European Central Bank increased interest rates by three-quarters of a percentage point for the second time in a row, moving briskly to quash record inflation even as the eurozone teeters close to recession.#ECB #Raises #Interest #Rates #Point Source link
While key segments remained resilient during the third quarter, economists are worried about a possible recession.#U.S #GDP #Grew #Quarter Source link
The Central Bank of Brazil left its benchmark lending rate unchanged, but warned again that it is prepared to resume hikes if the country’s inflation doesn’t keep slowing as expected. The bank’s monetary policy committee, known as the Copom, left its key Selic rate at 13.75% for the second consecutive meeting. The committee had raised...
By turning away from free enterprise, Xi Jinping ensures that the country’s economy will stop growing.#China #Fall #MiddleIncome #Trap Source link
He boasts about the economy and declares that abortion is his top priority.#Biden039s #Losing #Midterm #Message #Democrats Source link
PARIS—Geopolitical tensions, from Europe’s energy crisis to relations with China, are driving a wedge between Germany and France, straining ties between countries that have anchored the European Union’s economy and security for decades. The rift was apparent in the decision to scale back a summit Wednesday between German Chancellor Olaf Scholz and French President Emmanuel...
World Canada Bank of Canada Gov. Tiff Macklem says the bank’s tightening phase is getting closer to ending #Bank #Canada #Surprises #HalfPoint #InterestRate #Rise Source link
World Canada Economists surveyed anticipated heftier 0.75-percentage-point increase #Bank #Canada #Surprises #HalfPoint #InterestRate #Rise Source link
The prime minister has managed to help calm markets by convincing investors that he won’t jeopardize financial stability. But he now faces the task of convincing them that he can steer the economy through stagflation.#U.K #Prime #Minister #Rishi #Sunak #Calms #Marketsfor Source link
Business Earnings Delivery company says average revenue per piece up 8.6%, while overall shipping volume down 2.1% #UPS #Earnings #Rise #Higher #Prices #Offset #Shipping #Slowdown Source link