The Bank of Russia kept its interest rate at a record 21 percent for a second consecutive meeting as inflation in January was estimated at 9.9 percent, up from 9.5 percent in December and more than twice the bank’s target rate.
Tag: Global Economy
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FRANCE CAN NO LONGER AVOID BUDGET CUTS, GOVERNMENT AUDITOR SAYS
As mounting debt payments are on track to surge in the years ahead, France cannot delay budget cuts, the government’s independent auditor told a press briefing.
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U.K. ECONOMY BARELY GROWS IN FOURTH QUARTER
Britain’s economy eked out a 0.1-percent expansion in 2024’s final three months, official figures show, after flatlining in the previous quarter.
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EUROZONE ECONOMY GROWS IN 2024’S FOURTH QUARTER
The economy of the 20-country Eurozone grew 0.1 percent in 2024’s final three months, the Eurostat statistics agency reported, revising its earlier estimate that the economy had flatlined.
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CANADIAN HOUSEHOLDS FILE MOST BANKRUPTCIES SINCE 2009
In 2024, 137,300 Canadian households declared insolvency, similar to bankruptcy, 11.4 percent more than the year before and the most since the record year of 2009 during the Great Recession, data from the country’s Office of the Superintendent of Bankruptcy (OSB) shows.
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GOING OUT OF BUSINESS TRENDS
The economic landscape has presented an array of challenges that will profoundly affect the business community this year.
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WHEN THE ECONOMY FALLS, JOBS GO WITH IT
The federal government laid off 200,000 probationary employees and fixed-term contract employees throughout various federal agencies as President Donald Trump works to reduce government waste.
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OPTIONS TRADERS STILL BETTING BIG ON TECH STOCKS’ SUNNY FUTURE
Despite artificial intelligence (AI) start-up DeepSeek’s revolutionary claims about its software that sparked a short-lived tech bloodbath on Wall Street last month, options traders are eagerly wagering that Amazon, Apple, and other megatech companies will see their share prices keep rising into the future.
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INDIA CUTS TAXES, INTEREST RATES TO REVIVE STAGNATING ECONOMY
India’s government is cutting taxes and the central bank is lowering its key interest rate for the first time since 2020 in an attempt to revive the country’s sluggish economy.
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BANK OF ENGLAND CUTS INTEREST RATE, ALSO GROWTH FORECAST
The Bank of England (BoE) has cut its 2025 growth forecast in half, projecting a 0.75-percent expansion of the U.K.’s GDP this year, not the 1.5 percent it had forecast earlier.