Mortgage rates dropped a lot, but not nearly enough to hit the magic level that thaws out the housing market. Now they rose again. By Wolf Richter for WOLF STREET. Hype in the media about real estate going […]
Membership in the group will “help reduce the Western dominance generally,” Muda Yusuf told RT The prominent Nigerian economist claimed that BRICS memberships are a “win-win situation.” On Tuesday, speaking during an exclusive interview to […]
The country’s economy is projected to grow 1.3% this year, according to the latest report The Russian economy outperformed expectations in 2023, according to the latest report by the World Bank, which estimates the country […]
The U.S., Eurozone, and Chinese manufacturing indexes all showed contraction at year-end. Weakness in manufacturing in China, the EU and the U.S. has been weighing on demand for distillates and will likely continue to weigh […]
A US-China clash over the self-ruled island would cost the world some $10trn, the business news outlet estimates If the US and China were to have a military showdown over the island of Taiwan, the […]
Beijing has been actively investing in manufacturing to support the economy in light of the real-estate crisis China’s decision to focus its economic efforts on manufacturing could provoke a new trade war with other global […]
Iran, Saudi Arabia, Egypt, Ethiopia and the United Arab Emirates formally joined the BRICS group of major emerging economies on January 1, 2024, expanding the bloc’s footprint in the Global South and growing its economic […]
European Union regulations obligated banks to increase loans and bonds for environmentally friendly industries, leading to a boost in green financing. Banks like Credit Agricole are voluntarily shifting away from financing oil and gas projects, […]
Congressman Tom Emmer’s CBDC Anti-Surveillance State Act now has 75 cosponsors. “A central bank digital currency is government-controlled programmable money that, if not designed to emulate cash, could give the federal government the ability to […]
US LNG firm NextDecade has entered into a credit agreement as it works to take a final investment decision to build the fourth liquefaction train at its Rio Grande LNG export project in Texas. The […]
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