The World’s Poorest Country is Sitting on $24 Trillion
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In bankrupt Lebanon, locals mine bitcoin and buy groceries with tether, as $1 is now worth 15 cents
Aerial view of the seafront Manara district near downtown Beirut. Bilwander | Getty Images When Georgio Abou Gebrael first heard…
Markets need to ‘re-anchor their thinking’: Bank of England chief economist hints that traders have it wrong
LONDON — The Bank of England remains committed to its “key goal” of bringing down inflation, but hopes markets will…
The crisis is over for the British pound, but analysts see further weakness ahead
Traders in London. DANIEL LEAL-OLIVAS | AFP | Getty Images LONDON — The British pound is on firmer footing since…
American companies increasingly look outside of China after Covid
Parts of Shanghai have faced intermittent restrictions on business due to Covid controls, even after a broader two-month lockdown ended…
China reports third-quarter GDP grew by 3.9%, beating expectations
Shipping containers sit in stacks at the Zhangjiagang Port on October 21, 2022. Visual China Group | Getty Images BEIJING…
Fed officials expect higher rates to stay in place, meeting minutes show
Federal Reserve officials have been surprised at the pace of inflation and indicated at their last meeting that they expect…
Fed raises rates by another three-quarters of a percentage point, pledges more hikes to fight inflation
The Federal Reserve on Wednesday raised benchmark interest rates by another three-quarters of a percentage point and indicated it will…
Stocks close higher for fourth straight session ahead of key inflation report, Dow rises 200 points
21 Min Ago S&P 500 and Nasdaq put together first 4-day advance in 2+ months The S&P 500 rose Monday…
European Central Bank raises rates by 75 basis points to tackle soaring inflation
The ECB announced a second consecutive interest rate rise to combat red-hot inflation. Daniel Roland | Afp | Getty Images…
Limitless Growth Is Possible If We Run Our Economies Correctly | Economics Explained
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‘Floundering, not drowning’: Economists divided on prognosis for Russian economy
Russian President Vladimir Putin meets with head of Federal Financial Monitoring Service (Rosfinmonitoring) Yury Chikhanchin at the Kremlin in Moscow,…
China’s consumer and factory data miss expectations in July
Employees working on an air-conditioner production line at a Midea factory in Guangzhou, China. Jade Gao | AFP | Getty…
Here’s where China’s real estate troubles could spill over
China’s real estate industry accounts for more than a quarter of national GDP, according to Moody’s. Pictured here is a…
Payrolls increased 528,000 in July, much better than expected in a sign of strength for jobs market
Hiring in July was far better than expected, defying multiple other signs that the economic recovery is losing steam, the…
3 charts show Europe’s unprecedented natural gas crisis
Europe is facing an unprecedented gas crisis. Picture Alliance | Picture Alliance | Getty Images Europe is facing an unprecedented…