On 17 May, China will open the sale of a trillion yuan worth of bonds—about $138 billion—to help it stand its economy back up after almost three years of weakness and turmoil.
Category: 14 May 2024
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GLOBAL DEBT SETS NEW RECORD AT $315 TRILLION
In this year’s first quarter, nations took on another $1.3 trillion in debt, pushing the worldwide total to $315 trillion, the Institute of International Finance (IIF) reported.
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SILVER PRICE JUMPS WITH SOLAR PANEL BOOM
In 2023, solar panel production more than doubled and has continued rising this year, surging the demand—and, therefore, the price—for silver.
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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.
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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. Electric vehicle makers continue to announce job cuts as demand slows in line with one of our Top Trends of 2024: EV GO FU. Tesla announced 316 layoffs at its Buffalo, N.Y. facility and......
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SLAVELANDIA: MOST RENTERS DOUBT THEY WILL EVER OWN A HOME
Six in 10 renters believe they will never be able to own a home, a record proportion in the Federal Reserve Bank of New York’s annual Survey of Consumer Expectations.
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AMERICAN CONSUMERS ARE SINGING THE BLUES
U.S. consumers hold their gloomiest outlook in six months on the American economy, according to the University of Michigan’s monthly survey of consumer sentiment.
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EU STEALING SEIZED RUSSIAN ASSETS TO FUND UKRAINE’S LOST WAR
The European Union moved last week to steal profits made on the 190 billion euros from Russian central bank assets seized in a Belgium bank to help Ukraine fund its war.
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BLOCKCHAIN BATTLES
There’s been a recent growing awareness in the crypto community that the 2024 election represents a high stakes proposition for the future of the sector in the United States.
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BIDEN ADMIN “STRONGLY” OPPOSES FINANCIAL INSTITUTION BITCOIN PARTICIPATION
The Biden administration continued its increasingly hardened anti-crypto policies this past week with a declaration saying the President would veto a bill allowing “highly regulated” financial institutions to provide crypto related services to clients.