Markets full but pockets empty in Europe At 6.1% in May Eurozone inflation remains more than three times its longtime target rate of 2%. This has been wreaking havoc on working…
The bloc has no capacity to finance important new initiatives without cutting on essential projects, the outlet reports © Getty Images / Adam Gault Higher interest rates have added pressure to the…
Aggressive monetary tightening by central banks threatens the global economy, according to strategists © Getty Images / Douglas Rissing A cycle of boom and bust will return this year and a wave…
© AP Photo / Michael Dwyer Subscribe International India Africa MOSCOW (Sputnik) – Bank of America CEO Brian Moynihan said Sunday the country may face a mild recession in the…
by Michael I really don’t know anyone that would argue that the U.S. economy is in great shape right now. Inflation is out of control, large companies are conducting mass layoffs…
American Express and MasterCard credit cards are shown in Washington, United States, June 25, 2008. (File photo by Reuters) An unprecedented level of debt has plunged average Americans into dire…
The US default would be disastrous, according to eminent economist Nouriel Roubini © Getty Images / maikid The US government’s failure to agree on lifting the debt ceiling is likely to hit…
Cargo turnover in the bloc’s three largest hubs dropped significantly in the first quarter of the year, data shows © Getty Images / Westend61 Europe’s largest cargo ports of Rotterdam, Hamburg, and…
A Fed pause in June, once seen as certain, no longer assuredDebt-ceiling talks may prove key as risk of default lingers By Michael Mackenzie and Liz McCormick Bond traders are…
by Michael If we don’t fix this, will the retail industry be able to survive? There has always been shoplifting, but in the old days it was at a level that…
Services and energy costs are driving consumer prices across the single currency area © Getty Images / PhotoAlto/James Hardy Inflation in the euro area increased for the first time in five months…
It’s now $45 trillion higher than its pre-pandemic level and is expected to continue growing rapidly, a top trade body has warned © Getty Images / PonyWang The global debt pile increased…
The UK economy is experiencing its worst conditions in decades, with inflation soaring and the cost-of-living crisis weighing further on people’s lives. (File Photo) UK’s unemployment rate has increased over…
US policies and mounting concerns over creditworthiness are dragging down the greenback, the investor says Jim Rogers. © Visual China Group via Getty Images The US dollar is losing its leading global position,…
by Michael We are being warned that there could be some real serious economic doom at the beginning of next month if the Democrats and the Republicans cannot agree on a…
© AFP 2023 / DANIEL MUNOZ Subscribe International India Africa WASHINGTON (Sputnik) – The US consumer debt has exceeded $17 trillion the first time ever, with Americans defaulting on credit card and…
by Michael If they are actually telling us that a recession is coming this time around, how bad is it going to be? In 2008, officials kept assuring us over and…
© AFP 2023 / SAUL LOEB Subscribe International India Africa Pepe Escobar All materials Prof. Michael Hudson’s new book, The Collapse of Antiquity: Greece and Rome as Civilization’s Oligarchic Turning Point” is…
The tremors from the loss of confidence in the banking system following the sudden collapse and seizure of Silicon Valley Bank (SIVB) by the FDIC on March 10 continue to…
Top military leaders have claimed that a massive spending hike is needed to confront Beijing Defense Secretary Lloyd Austin testifies during a Senate Appropriations Subcommittee on Defense hearing on Capitol…
© AFP 2023 / DANIEL SLIM Subscribe International India Africa Oleg Burunov All materialsWrite to the author The Congressional Budget Office has issued a report as POTUS prepares to meet with congressional…
The tremors from the loss of confidence in the banking system following the sudden collapse and seizure of Silicon Valley Bank (SIVB) by the FDIC on March 10 continue to…
The US banking sector has recently been hit by a major crisis © Global Look Press / Michael Nagle Almost half of the 4,800 banks in the US are nearly insolvent, as…
Demand for the precious metal, which is considered a safe haven in times of financial or political turmoil, has been growing © Getty Images / Hans-Peter Merten Gold prices have been hovering…
BY TYLER DURDEN Tl;dr: The bank run continues to accelerate… …especially if one looks at non-seasonally-adjusted data. Crucially that is over 360 billion of deposit outflows from US banks in the last 3…
The company says underperforming stores will be the first to go as it announces a historically high number of closuresOne bust franchisee is set to shut 27 locations across seven…
Conducted a month after two major bank failures, the survey results recall the aftermath of the Lehman Brothers’ collapse Customers waiting to withdraw from Silicon Valley Bank © Getty Images / Dai…