ECONOMICS

On June 1, following months of debates, deliberations, and speculations, the United States Senate chose to reject the Biden administration's ambitious student loan forgiveness plan — meaning that millions of borrowers across the country must get ready for the resumption of their student loan repayments. The decision comes at a

Credit Suisse Secures $54-billion Lifeline as Authorities Rush to Prevent Global Bank Crisis
By Tom Westbrook and Saeed Azhar, Reuters. Credit Suisse on Thursday (March 16) said it would borrow...

Americans Wary of Govt. Bailouts After Collapse of SVB, Signature Bank
Stock markets have swooned around the world since Silicon Valley Bank collapsed on Friday, March 10 as...

Biden Promises ‘whatever needed’ for US Bank System as SVB Shock Hammers Stocks
By Trevor Hunnicutt, Alun John and Rae Wee, Reuters Bank stocks around the world plunged on Monday...

Scope on Canada: Grocery Store CEOs Questioned by MPs on High Food Prices, Profits
On March 8, the House of Commons committee on agriculture and agri-food held a hearing on whether the...

Bank of Canada Leaves Key Rate Unchanged At 4.5 Percent
On March 8, the Bank of Canada announced that it would maintain its benchmark interest rateat 4.5 percent...

Impact of China’s Demographic Collapse Revealed in Official Numbers
On Feb. 15, the State Council Information Office held a press conference to share the results of the...

Yellen Plans IMF Financing Program for War-torn Ukraine
WASHINGTON, D.C. — U.S. Treasury Secretary Janet Yellen on Monday (Feb. 27) backed completion of a "fully...

WEF Members Consider Rising Cost of Living Greatest Risk to World
The "cost of living crisis" has replaced "weather extremes" as the most urgent issue the world will have...

As China’s Population Growth Stalls, So Will the Global Economy
The world’s most populous country and second largest economy is facing a major demographic challenge:...