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Despite predictions of an economic downturn and a soaring rate of inflation, the US economy added 390,000 jobs in May, which was better than projected. According to data from the...
Inflation in Turkey soared to nearly 70% in April, posing a huge challenge to the people who already complain about skyrocketing prices of daily basic necessities. The Turkish Statistical Institute...
For the first time in more than 10 years, Australia raised its interest rate. Philip Lowe, governor of the Reserve Bank of Australia (RBA), said in a statement released today...
The United States Department of Labor (DOL) has reported a decrease in unemployment claims this week. According to data released by DOL, the seasonally adjusted initial claims as of April...
South Korea’s central bank senior deputy governor Lee Seung-heon said on Monday that the policy review meeting later this month will be challenging, citing higher inflationary risks and dim prospects...
A total of 431,000 non-farm payroll employment were added to the United States (U.S.) economy last month, according to data released today by the country’s Bureau of Labor Statistics (BLS). ...
UN chief Antonio Guterres warned on Monday that the world must act to prevent a “hurricane of hunger and a meltdown of the global food system” that would be the...
The Russian central bank raised its key interest rate from 9.5 percent to 20 percent on Monday in an emergency move, as sanctions from major countries over Moscow’s invasion of...
The International Monetary Fund (IMF) warned on Monday that emerging economies should prepare for sudden policy moves from the Federal Reserve which could rattle financial markets and trigger currency depreciation...
President Joe Biden is likely to nominate economists Philip Jefferson and Lisa Cook on the Federal Reserve board of governors, a move that would help achieve Biden’s promise of improving...
