The hawkish tone of the Fed’s chairman Jerome Powell on Friday 26th was unequivocal.
Rinat Akhmetov recently filed a lawsuit in Europe against Russia that made headlines for its accusations and requests.
For the last 30 years, the actuaries who draw up the long-run projections for Social Security have been forecasting that by the 2030s, there would be inadequate funds to pay promised Social Security benefits.
One of the famous anecdotes in economics is about division of labor in a pin factory, as told in the third paragraph of The Wealth of Nations.
Investors are gloomy due to high volatility in crude oil markets and the cloudy economic outlook.
For some decades now, the world has been following the patterns of a demographic transition with life expectancies rising and birth rates falling, as we head for a world where the elderly are a much larger share of the global population.
The European Union has announced strict “energy efficiency” consumption reduction measures to cut 15% of gas demand as Russia threatens to shut down gas supplies.