Le Pen threatens the British economy, warns the Bank of England
The Bank’s Financial Policy Committee, chaired by Andrew Bailey, the Governor, singled out France in particular. He said: “Policy uncertainty could increase existing sovereign debt […]
Economy
Americans’ pandemic savings are gone – and the economy is bracing for impact – BNN Bloomberg
The cushion of pandemic savings that helped Americans weather high prices in recent years has been depleted, contributing to the loss of consumer firepower that […]
Inflation is visible, but wage gains seem invisible – The Big Picture
I have been observing how radically unusual various sentiment readings have been for several years now. It didn’t make sense to me that the post-pandemic […]
Turkey tilts Hawkish with rate held at 50% for another month
(Bloomberg) — Turkey extended an interest rate pause in place since April, with the central bank telegraphing a tough path as it stands on alert […]
China props up Kenya’s collapsing economy?
President William Ruto came to power in Kenya in 2022, promising to make life easier for the average Kenyan. But seven months into his presidency, […]
Orders of basic US capital goods fell sharply in May
WASHINGTON (Reuters) – New orders for key U.S.-made capital goods fell unexpectedly in May, suggesting business spending on equipment weakened in the second quarter as […]
Big banks pass an extreme stress test, including 10 percent unemployment
Raise your hand if you think banks are as sound as the Fed says they are. Stress test results Please consider the results of the […]
CNBC’s Inside India newsletter: The humble onion could hold India’s economy hostage
A vendor arranges onions at a vegetable market in Nagaon district, in the northeastern state of Assam, India, on February 1, 2024. Photo only | […]