Today: 17. Dec, 2024
In a significant policy reversal, Turkey’s central bank has raised interest rates to 15%, almost doubling the previous rate. This bold move aims to combat the country’s persistently high inflation, which, despite showing signs of improvement, remains a cause for concern. President…
A new report released by the World Economic Forum (WEF) highlights the distressing state of global gender equality, projecting that it could take a staggering 131 years to close the gap between men and women. The WEF’s “Global Gender Gap Report 2023”…
The city of London, Ontario is grappling with an alarming housing affordability crisis that is wreaking havoc on its local economy. Economists warn that soaring real estate prices have pushed housing affordability to “crisis levels,” making it increasingly challenging for businesses to…
Facing an indefinite economic future, Fed Chair Jerome Powell has halted the rise after a streak of ten meetings resulting in interest rate hikes. In the first in over a year, the Federal Reserve announced it would maintain its benchmark interest rate…
In a concerning turn of events, recent indicators point to a precarious state of the global economy, with China’s economic recovery showing signs of weakness and trade figures reflecting subdued global and domestic demand. Furthermore, interest rate increases in various countries are…
In a move to address persistent inflation and the remarkable resilience of the Canadian economy, the Bank of Canada has raised its benchmark interest rate by a quarter percentage point. This decision marks a significant shift in policy, as the bank had…
The Turkish lira has witnessed a significant decline, plunging 7% to a record low in its largest daily selloff since the historic crash of 2021. The financial markets experienced turmoil as Turkey’s newly elected government suggested relaxing measures aimed at stabilizing the…
As the United States edges closer to a potential debt default, fears are mounting over the catastrophic impact it could have on the global economy. The repercussions of such an event would extend far beyond American borders, affecting economies and markets worldwide.…
The UK economy experienced a marginal growth of 0.1% in the first quarter of 2023, in comparison to the previous quarter. However, output in March dipped by 0.3% due to decreased demand in the services sector and strikes by public sector workers.…
Lexicon Pharmaceuticals (LXRX), a biopharmaceutical company specializing in the development of innovative treatments, has experienced a remarkable surge in its share price over the past month. With shares rising by 33% in the last 30 days and a staggering 74% over the…
