What is totally ignored in the reports by the government and the mainstream media is that the economic downside of both developed and emerging market economies is a direct result of three years of fighting the COVID War…
Tag: Global Economy
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GOLD FUTURES’ PRICE SETS NEW RECORD
The April gold futures contract on the New York Mercantile Exchange set a new record of $2,853.20 during trading on 30 January and closed the day at $2,845.20.
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ECB CUTS INTEREST RATE AGAIN
On 30 January, the European Central Bank (ECB) cut interest rates on Thursday for the fifth time since June, dropping its rate on deposits to 2.75 percent and its marginal lending rate to 3.15 percent.
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CHINA HAS USED LOANS TO GAIN CONTROL OF CRUCIAL MINERALS
More than 26 government-controlled Chinese banks and private ventures, working together with some affiliates outside the country, have secured control of deposits of key minerals across large swaths of the global South, research group AidData reported.
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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
Federal employees are on the chopping block as President Donald Trump looks to cut staff and programs.
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BANK OF JAPAN HIKES INTEREST RATE TO HIGHEST SINCE 2008
The Bank of Japan (BoJ) has raised its key interest rate by a quarter point to 0.5 percent, its highest in 17 years.
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U.K. BUSINESSES WILL CUT PAY RAISES, LAY OFF WORKERS TO PAY FOR TAX HIKES
About seven in 10 British employers are “extremely” or “moderately” likely to award smaller pay raises to their workers than planned in order to offset a hike in payroll taxes the government imposed in October, a survey by Incomes Data Research (IDR) found.
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GERMAN, U.K. ECONOMIES SHOW NEW DANGER SIGNS
From 1 September through November, the U.K.’s jobless rate edged up from 4.3 percent to 4.4 percent, its highest since 2021, the Office of National Statistics reported.
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U.K. HEADING FOR “DEBT DEATH SPIRAL”
The U.K. is speeding toward a “debt death spiral,” in which the government will have to borrow more and more money to pay interest on the national debt, Ray Dalio, billionaire founder of the Bridgewater Associates hedge fund, said in a Financial Times interview.