The Bond Vigilantes Get Busy
While the levels of schadenfreude will be going through the roof given the unfolding farce in British politics, the resignation of Liz Truss as UK Prime Minister was troubling in…
World Economy
Japanese Yen Crashes, U.S. Faces Recession
The Japanese yen hit its weakest exchange rate against the U.S. dollar since 1990 on Thursday, dropping to 150 yen to the greenback. The Nikkei 225 stock index was also…
Workers InFrance Stage Nationwide Strike For Higher Wages And 130,000 people March In Paris
French workers took part in a nationwide strike Tuesday to demand higher wages to keep pace with the soaring cost of living. The strikes, principally in schools and transport, are…
Massive Protest In Paris Over Rising Cost Of Living
Massive protests marched through the streets of Paris on Sunday to voice discontent over the rising cost of living. It comes as France’s largest trade union continues a refinery strike…
Prices “Too High”, Says Biden Amidst Rising Inflation In The U.S.
The U.S. consumer price index (CPI) rose 0.4% last month after gaining 0.1% in August, the U.S. Labor Department said in its report. In the 12 months through September, the…
The Global Inflationary Tsunami Is Made in the U.S., Not Ukraine
An inflationary tsunami is passing through the world economy, creating economic disorder—in some cases acute political crisis—in every country it touches. This is gathering momentum as the U.S., which is leading…
Interest rate hikes leading to recession, UN says
The United Nations has added its voice to the growing list of international organisations, including the World Bank and the World Trade Organisation, warning that interest rate hikes imposed by…
High Inflation: Germany And Eurozone Face Difficulty
High inflation in Germany and Eurozone is making impact, with possibility of further impacting. Inflation in Germany saw year-on-year growth of 10.9% in September, up from 8.8% recorded in the…
The World Is Sliding Into Recession, Warns WTO Chief
The world is sliding into a recession due to multiple overlapping crises, the head of the WTO said on Tuesday. Speaking at the opening of the WTO’s annual public forum…
We Have Seen This Movie Before: The Fascists Have Arrived
The failure of the neoliberal order—which continues to ignore the needs and aspirations of the people—gives fuel to an ascendant far right that feeds on the despair and humiliation of…
Outlook Is Darkening: Warns EU Central Bank
Europe is facing lower-than-expected economic growth as inflation continues to climb, European Central Bank chief Christine Lagarde revealed on Monday, explaining that the ECB had raised interest rates by 75 basis…
UK Pound Absolutely Hammered As It Slides To Its Lowest Level Against U.S. Dollar Since 1971
The UK pound plunged to its lowest level against the U.S. dollar since the British currency went decimal in 1971. In early Asia-Pacific trade on Monday, the sterling fell by…
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