Business activity in Europe’s 20-nation single currency bloc continued to contract at the end of 2023, as a downturn in the dominant services industry stretched into the final month of the year, data compiled by […]
WASHINGTON — The federal government’s gross national debt has surpassed $34 trillion, a record high that foreshadows the coming political and economic challenges to improve America’s balance sheet in the coming years. The U.S. Treasury […]
Interest payments threatening to eat up half the tax receipts may be the only disciplinary force left to deal with Congress. By Wolf Richter for WOLF STREET. The total US national debt spiked by $1.0 trillion in 15 […]
China’s renminbi keeps losing ground, after initial progress. But the tiny “other” reserve currencies combined are taking share from the USD. By Wolf Richter for WOLF STREET. The US dollar has been the dominant global reserve currency for […]
Oil Price A fifth of global oil trade this year was settled in currencies different from the U.S. dollar as countries such as Russia and China move away from the petrodollar. This is according to […]
Ethiopia had until December 25 to make a $33 million coupon payment to bondholders, but failed to do so Ethiopia has become the latest African nation to default in recent years, failing to make a […]
Many countries are abandoning the greenback since it is used as a political tool, Vyacheslav Volodin has said The US has lost its economic dominance, Russian State Duma Speaker Vyacheslav Volodin wrote on his Telegram […]
Russia and China have completely abandoned the use of Western currencies, including US Dollar, in their bilateral trade, said Russian Prime Minister Mikhail Mishustin on Tuesday (Dec 19). While speaking during a meeting with his […]
Billions of euros earmarked to boost renewable energy and slash emissions are on the cutting block after EU leaders proposed moving them over to fund immigration and defense efforts instead. The move came during this week’s EU […]
I thoroughly enjoyed my interview with Congressman Nunn. And we covered all of my hot buttons. Everything from the military-age men invading the border to the FBI director saying there are lots of warning lights […]
Copyright © 2026 | Sandstone Group