The US Federal Reserve entered a new chapter in its management of the post-pandemic economic recovery by raising interest rates for the last time in history and paying closer attention to credit and other economic concerns.   As predicted by the financial markets, the U.S. central bank...

A quick switch to electric vehicles (EVs) has upended the world's largest auto market and resulted in a decline in purchases of gasoline-powered automobiles, data indicates, putting Japan's automakers in a sales crisis there.   According to industry data examined by Reuters, total sales of...

Hollywood writers have been penning science fiction stories about robots taking over the planet for decades. They are now striving to prevent robots from taking their jobs.   The Writers Guild of America wants to limit the use of AI in creating film and television scripts. According to the...

According to IMF Managing Director Kristalina Georgieva, nations are steadily moving away from using the dollar as a reserve currency, and pointed out that there wouldn’t be any substitutes for it any time soon. "Yes, the dollar is being gradually abandoned. Earlier, it made up roughly 70% of...

After the US Treasury Department issued a warning that the government might not have enough money to pay its bills by June, U.S. President Joe Biden on Monday invited the four top congressional leaders to the White House the following week.   Janet Yellen, the secretary of the Treasury,...

According to Bloomberg, Yukio Kani, Head of the world's largest purchaser of liquefied natural gas Japanese Jera energy business, there is a chance that prices would increase this year, particularly if the upcoming winter is chilly. In an interview with Bloomberg, Mr. Kani claimed that there has...

According to Buffett's business partner Charlie Munger, US banks are burdened with "bad loans" for commercial real estate and a storm is developing in the market as values drop. Charlie Munger, a close friend of Warren Buffett and vice chairman of Berkshire Hathaway, told the Financial Times that...

According to OPEC Secretary General Haitham al-Ghais, the organization of oil exporting nations' actions are not intended to affect the price of fossil fuels. He made the statement in response to criticism from Fatih Birol, director of the International Energy Agency (IEA), who cautioned OPEC to...

The UN World Food Program will assist the EU nations in distributing extra Ukrainian grain to underdeveloped nations, said Martin Frick, Chief of the UN offices in Berlin and Brussels, in an interview with the Politico. "In this global food crisis, getting grain to some of the most underprivileged...