American forces positioned in the Middle East helped Israel largely repel Iran’s retaliatory strikes over the weekend, according to U.S. Secretary of State Lloyd Austin.
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TURKEY’S VOTERS REBUKE ERDOGAN’S ECONOMIC POLICIES
On 31 March, the Justice and Development Party (AKP) led by Turkey’s President Recep Erdogan was drubbed in municipal elections, suffering what Bloomberg called “an unprecedented defeat.”
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EUROPE’S HOME PRICES DROP FOR FIRST TIME IN 10 YEARS
Home prices across the 20 Eurozone countries decreased 0.7 percent in last year’s final quarter from the quarter before and 1.1 percent over all of 2023, official figures showed.
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RICH GET RICHER: TOP 10 PERCENT IN EUROPE OWN 67 PERCENT OF WEALTH
Across Europe, 10 percent of people own 67 percent of the continent’s wealth, while the lower 50 percent own just 1.2 percent, according to the Credit Suisse and UBS Global Wealth Report for 2023.
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GOING OUT OF BUSINESS TRENDS
In recent times, the economic landscape has presented an array of challenges that have profoundly affected the business community. Some of the most significant challenges include soaring inflation rates, escalating interest rates, looming fears of a recession, and a tangible decrease in revenues for many sectors…
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WHEN THE ECONOMY FALLS JOBS GO WITH IT
It’s global. The numbers are there for all to see. From developed to underdeveloped nations, economies are slowing down and/or contracting.
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FUND COMPANIES MAY HAVE OVERSTEPPED IN BANK INVESTMENTS, REGULATORS SAY
Asset managers BlackRock, State Street, and Vanguard are being investigated to determine if they have stuck to their roles as passive investors in several U.S. banks.
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U.S. TRADE DEFICIT WIDENS AGAIN IN FEBRUARY
The U.S. trade deficit widened by 1.9 percent in February to $68.9 billion, deepening by 1.9 percent from January and expanding for the third consecutive month.
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MEGABANKS LIED TO SECURITIES INVESTORS
Several large U.S. banks overstated the income streams of commercial mortgage-backed securities when they were sold to investors, according to a forensic study by two business school professors.
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IN 22 STATES, YOU GOT TO BE RICH TO BUY A HOUSE
In 22 states and Washington D.C., potential home buyers need a six-figure income to afford a median-priced home, Bankrate.com has calculated.