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Economy
Opinion | An Oil Price Cap for Russia?
Oil tanks at Volodarskaya LPDS production facility in the village of Konstantinovo in the Moscow region on June 8.…
USA finance and payments live updates: mortgage rates, Bitcoin prices, S.S. disability,
Headlines: 28 June 2022- Bitcoin is on course for a historic low monthly close, below its 200-week moving average- Stock market suffered losses on Monday: Dow Jones (-60 points), S&P 500 (-0.3%) and Nasdaq (-0.7%)- EU considers total…
G-7’s infrastructure plan offers an alternative to China’s Belt and Road Initiative in a
The Group of 7 has announced a new infrastructure funding program that could rival China's Belt and Road Initiative. One expert says the G-7's plan offers hope to developing countries but it remains to be seen whether it can match the…
Avoidable or inevitable recession? Billionaire investor David Rubenstein on what decides
Much of the U.S. market focus has been on the Federal Reserve's more aggressive interest rate hikes as a reason to fear a recession. But Carlyle Group co-founder and co-chairman David Rubenstein, a billionaire investor and…
25% of Americans delaying retirement due to inflation, survey says: Here’s how they’re…
More Americans are delaying their retirement amid a loss in savings and high inflation, according to a new survey. (iStock) Rising inflation is taking a toll on Americans, 60% of whom say it's had an adverse effect on their finances,…
Bitcoin Can Be The Undoing Of Inequality
This is an opinion editorial by Andrew Hetherington, a contributor to Bitcoin Magazine.Since the Nixon Shock of 1971, wealth inequality has soared to levels not seen in over a century. The dollar was no longer redeemable for gold but was…
G7 nations are worried about global economic crisis, Scholz says
Italy's Prime Minister Mario Draghi, Canada's Prime Minister Justin Trudeau, France's President Emmanuel Macron, German Chancellor Olaf Scholz, U.S. President Joe Biden, Japan's Prime Minister Fumio Kishida and British Prime Minister…
Leading economies at risk of falling into high-inflation trap, BIS says
Leading economies are close to “tipping” into a high-inflation world where rapid price rises are normal, dominate daily life and are difficult to quell, the Bank for International Settlements warned on Sunday. In its annual…
Analysis: Energy prices are causing chaos in Asia. Here’s why the rest of the world
These are just some of the more eye-catching scenes playing out in the Asia Pacific region, where various countries are facing their worst energy crisis in years — and grappling with the growing discontent and instability caused by…
El Salvador’s $425 million bitcoin experiment isn’t saving the country’s finances
A bystander uses a Bitcoin ATM in San Salvador, El Salvador, on May 16, 2022.Alex Pena | Anadolu Agency | Getty ImagesEl Salvador bet its economic salvation on bitcoin, but so far the gamble isn't paying off like President Nayib Bukele…