Growing fears of a recession in the eurozone push the euro to its lowest level against the US dollar since 2002. The European Union’s single currency has sunk to its lowest level against the US dollar since 2002 as data pointed to a growing recession risk in the eurozone. The euro also dived on Tuesday … Read more
The rent has come due for America’s small businesses and at a very inopportune time. Landlords were lenient about rent payments during the first two years of the pandemic. Now, many are asking for back rent, and some are raising the current rent as well. Meanwhile, most of the government aid programs that helped small … Read more
Billionaire Xiao Jianhua went missing in Hong Kong in 2017. Chinese-Canadian billionaire Xiao Jianhua, who went missing in Hong Kong five years ago, was due to go on trial in China on Monday, the Canadian embassy in Beijing said. China-born Xiao, known to have links to China’s Communist Party elite, has not been seen in … Read more
ISTANBUL — Annual inflation in Turkey hit 78.62% in June, the highest rate since 1998, according to official data released Monday. The Turkish Statistical Institute, or TurkStat, released the monthly figures as Turkey is experiencing a deepening cost-of-living crisis. Consumer prices rose by 4.95% on a monthly basis, the institute reported. While many countries are … Read more
Alberta Premier Jason Kenney has indicated his United Conservative government will reveal details next week about additional support to help people deal with high inflation. Earlier this week when Finance Minister Jason Nixon announced a $3.9 billion surplus at the end of the 2021-22 fiscal year ending March 31, Nixon said one of the goals was to … Read more
Asian share markets started cautiously on Monday as a run of soft US data suggested downside risks for this week’s June payrolls report, while the hubbub over a possible recession was still driving a relief rally in government bonds. The search for safety kept the US dollar near 20-year highs, though early action was light … Read more
Claudia Goldin, a professor of economics at Harvard and the author of “Career and Family: Women’s Century-Long Journey Toward Equity,” was a college student at Cornell University from 1963 until 1967. Back then, in the days before readily accessible birth-control pills and legal abortions, family-planning services weren’t offered to women who weren’t married. At Cornell, … Read more
Until now, Ghana had refused to seek IMF support to rescue an economy crippled by the pandemic, rampant inflation and a depreciating currency. Ghana, one of West Africa’s largest economies, will hold formal talks with the International Monetary Fund (IMF) on a support package, the government has said, only days after hundreds took to the … Read more
New York City, US – Developed nations should do more for less fortunate countries in a world with “more conflicts, more refugees and more displaced people since World War II”, a senior United Nations official has told Al Jazeera. The world is “in a bad place and things could easily get worse”, Achim Steiner, administrator of the … Read more
SAN FRANCISCO (KPIX) — Drivers say they can only cut down on their car use so much to fight the rising cost of gas in the Bay Area ahead of the holiday weekend. Lawmakers met on Thursday to study the issue and experts warned it may not be easy to identify the major contributors to … Read more