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Yin‑Yang Diplomacy Meets Tariff Warfare: Beijing’s Dual Message to Washington 04/20/2025

US and Ukraine sign memorandum on minerals deal 04/18/2025

IMF Head: Global trading system is resetting 04/18/2025

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Economics

IMF: Venezuela to show the best performance in Latin America in 2023

According to a forecast by the International Monetary Fund (IMF), Venezuela will have the highest economic growth (5%) among Latin American nations in 2023. Paraguay (4.5%) will also have significant economic development this year, with Ecuador (2.9%), Peru (2.4%), Uruguay (2%), Mexico and Bolivia...

Consumer And Factory Prices In China Are Falling With Fall In Demand

As demand remained consistently weak in March, China's consumer inflation fell to its lowest level in 18 months and factory-gate price decreases quickened, strengthening the case for officials to take additional measures to sustain the uneven economic recovery. As the consumer and...

FT: Strikes and riots cost insurers more than terrorist attacks

The Financial Times (FT) cites insurance brokerage Howden as saying that since 2015, large strikes and riots have cost the insurance industry $10 billion in losses, whereas terrorist acts have cost less than $1 billion. The insurance provider claims that these numbers demonstrate the increased...

World Bank Chief: Low interest rates policy resulted in misallocation of capital

The policy of low interest rates led to misuse of capital, and restoring to its effective use leads to losses in the banking sector, said World Bank President David Malpass. "Investors around the world were making judgments based on maintaining zero interest rates for a protracted length of time...

AI Adoption Is Being Considered By The Japanese Government As OpenAI CEO Meets Prime Minister

According to Chief Cabinet Secretary Hirokazu Matsuno, Japan will explore adopting artificial intelligence technology such as OpenAI's ChatGPT chatbot if privacy and cybersecurity issues are fixed. The top government spokesperson Matsuno made his comments just before OpenAI CEO Sam Altman...

The Super-Rich Are Avoiding Norway At A Historic Rate As Wealth Tax Increases A Little

After the center-left administration raised wealth taxes to 1.1%, a record number of extremely wealthy Norwegians are emigrating to low-tax nations. According to data by the daily Dagens Naeringsliv, around 30 billionaires and multimillionaires from Norway left the country in 2022. It went...

The CEOs Of Apple And Disney Meet With US Lawmakers To Discuss Rivalry With China

High-profile IT and media leaders spoke with senators visiting California this week about their experiences working in and competing with China. A group from the House Select Committee on the Strategic Competition between the United States and the Chinese Communist Party traveled to the...

'Powell's Curve' Drops To New Lows, Signaling An Impending US Recession

The favored bond market indicator of an impending recession used by the Federal Reserve has plummeted to new lows, supporting the argument that the central bank will soon need to lower interest rates in order to boost economic growth. According to Fed research, the most consistent bond...

The Developing Economies That Are Going Through A Debt Crisis

When central bankers, finance ministers, and political leaders gather next week for the World Bank Group and International Monetary Fund (IMF) spring meetings, the record number of developing countries at risk of debt crisis will be high on the agenda. Inflationary pressures, rising...

Yellen urges IMF to step up support for debtor countries

Following discussions with IMF chief Kristalina Georgieva on Tuesday, US Treasury Secretary Janet Yellen praised the IMF's move to lend money to Ukraine and urged the organization to do more to help nations in debt crises. According to the department's press office, Yellen "urged the IMF to deepen...