FINANCE
On May 14 (Tuesday) Argentina's central bank cut the benchmark interest rate, after inflation slowed for the fourth straight month. The annual rate crested just shy of 300 percent, amid a tough austerity drive by libertarian President Javier Milei. The central bank said in a statement it had cut the
Food and Rent Unaffordable as 20 Percent Inflation Hits Turkey
Turkish citizens are reeling under the pressure of inflation and what many believe is President Recep...
How to Prevent Inflation From Eroding Your Finances
Americans are facing sticker shock when it comes to the prices of necessities like food, rent, gas, cars...
3 Key Factors Behind the Solomon Islands Anti-China Riots
The Solomon Islands, a country in the southwestern Pacific Ocean home to roughly 680,000 people, has...
China Fights New COVID-19 Waves in Zhejiang and Xi’an, Quarantining Thousands
Recently, the epidemic situation in the cities of Ningbo, Shaoxing and Hangzhou in southeastern China...
Chinese Real Estate Firms Pressured With Pending Wage Dues and Bond Payments
Property developers in China are facing a tough time financially. Many are unable to pay their suppliers...
Intel Apologizes to ‘Respected Chinese Customers’ Over Its Decision to Avoid Products From Xinjiang
Intel recently asked some of its suppliers in China not to procure products or services from Xinjiang...
PCE Inflation at Highest Level in 4 Decades
The Federal Reserve’s preferred gauge of inflation, the Personal Consumption Expenditures (PCE) index...
US-listed Chinese Companies Lost $600 Billion This Year
According to the U.S.-China Economic and Security Review Commission, there were 248 Chinese companies...
Turkish President Defends Low Interest Rates, Asks People to Save in Lira
With inflation soaring and the value of the lira plummeting, many experts believe that Turkey could be...