Manufacturing was the main driver of the country’s economic growth, according to the prime minister Russia’s GDP reached a record high last year, according to Prime Minister Mikhail Mishustin. The prime minister made the […]
Europe’s largest economy would likely suffer another two years of recession if US President Donald Trump were to impose the pending tariffs on Mexico and Canada, German economists found – before retaliation is factored in. […]
By Wolf Richter for WOLF STREET. Total assets on the Fed’s balance sheet declined by $42 billion in January, to $6.81 trillion, the lowest since May 2020, according to the Fed’s weekly balance sheet today. During May 2020, […]
A boost in production and sales of electric cars has injected cautious optimism into Germany’s all-important automotive industry, following a years-long slump typified by factory closures and job losses. Production volumes at German car […]
The White House has canceled government subscriptions to Politico amid state funding accusations Billions of dollars have been stolen at USAID and used to pay for positive media coverage of Democrats, US President Donald […]
QT has drained ON RRPs to their normal level of near-zero, while QT hasn’t even touched reserve balances yet. By Wolf Richter for WOLF STREET. Balances at the Fed’s facility for Overnight Reverse Repurchase agreements (ON RRPs) have […]
Experts warn that dissolving the agency would be a gift to U.S. adversaries. The U.S. Agency for International Development (USAID) has been immobilized in recent days as part of the Trump administration’s tumultuous effort to […]
Podcast by Charles Cohen, Giada Santana, Martina Monti, Miriam Sáenz de Tejada For the first time in 60 years, France started the year without a budget bill after December’s vote triggered the collapse of Prime […]
The agreement came in response to a lawsuit accusing the agency of an “unlawful action” by giving private info to Elon Musk’s Department of Government Efficiency Lawyers with the US Justice Department have agreed to […]
UAE’s Adnoc Gas said on Thursday this is a record for the full year and its highest quarterly income of $1.38 billion since its IPO. The company attributed the “strong” performance to robust demand for […]
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