Banking Crisis Hangs over Economy Rekindling Recession Fear
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Forecasts for German economy see stagnation, or recession, in 2024
Yahoo News - World -
Official data confirms UK economy slipped into recession last year
Figures offer little cheer to Rishi Sunak as his Conservative party trails heavily in opinion pollsFinancial Times - World - United Kingdom -
An Economy Perpetually in Crisis Is Shredding Pakistan's Middle Class
The country’s political and economic turmoil is leaving middle-class people struggling and the poor battling to survive.The Wall Street Journal - World -
Europe’s longest hyperloop test track revives futuristic tube transport hype
Operators hope newly opened Dutch track will help prove feasibility of high-speed shuttle system. The longest hyperloop test track in Europe has opened, raising faint hopes once more that the maglev meets vacuum tube transport technology could be ...The Guardian - World -
‘The final act’: fears US journalism crisis could destabilize 2024 election
Job losses, declining circulations and local newspaper closures could mean spread of misinformation in pivotal election year. As the election battle between Donald Trump and Joe Biden begins, there are growing fears around the health of the US ...The Guardian - World -
Andean alarm: climate crisis increases fears of glacial lake flood in Peru
In 1941, thousands of people died in Huaraz when the natural dam on a lake above the city gave way. Now, melting glaciers are raising the chances of it happening again• Photographs by Harriet Barber. Lake Palcacocha is high in the Cordillera ...The Guardian - World - Climate -
How to Get Over Your Fear of Flying
Many people are afraid when they get on a plane, and the Alaska Airlines door-plug blowout hasn’t helped. The good news: They have several options to deal with it.The Wall Street Journal - World -
Nigeria's central bank hikes interest rate to 24.75% as it battles sky-high inflation, currency crisis
The Central Bank of Nigeria on Tuesday hiked its key interest rate by 200 basis points, as Africa's largest economy looks to recover from a historic currency crisis and soaring inflation.CNBC - Business -
China's property crisis is bleeding into its banking sector, which is being asked to prop up developers
Yahoo News - World - China -
Polish central bank chief seeks truce with Tusk over ‘idiotic’ accusations
Adam Glapiński insists he did not abuse his powers in bid to keep Law and Justice party in powerFinancial Times - World -
A U.K. court upheld the conviction of Tom Hayes, the alleged ringleader of a conspiracy among big banks and brokers to rig interest rates during the global financial crisis.
A U.K. court upheld the conviction of Tom Hayes, the alleged ringleader of a conspiracy among big banks and brokers to rig interest rates during the global financial crisis.The Wall Street Journal - World -
Over half of homeowners fear impact of climate change on property: Survey
Story at a glance The rise of climate change-related extreme weather events like floods, hurricanes and heat waves is worrying homeowners in the U.S. A roughly 2,000-person LendingTree survey published Monday found that 51 percent of homeowners ...The Hill - Politics - Climate -
Kremlin Treads Carefully After Moscow Attack Over Fears of Ethnic Strife
Anti-migrant rhetoric in the aftermath of the attacks at the concert venue outside Moscow has spurred fears that the tragedy could cause ethnic strife inside Russia.The New York Times - World - Russia -
‘It’s mission impossible’: fear grows in Kenya over plan to deploy police to Haiti
Deal to send hundreds of officers to Caribbean country amid spiraling gang violence is facing intense public and legal scrutiny . Haiti’s raging gang insurrection has prompted growing concern in Kenya over plans to deploy hundreds of paramilitary ...The Guardian - World -
Fears grow over Comstock Act, Justices Thomas, Alito
Abortion rights supporters are sounding the alarm that conservative Supreme Court justices want to use a long-dormant law to enforce a nationwide abortion ban. Justices Clarence Thomas and Samuel Alito repeatedly invoked the Comstock Act during ...The Hill - Politics -
Why have earnings fallen over the last two years while the economy has grown?
My monthly review of stock market valuation indicatorsMarketWatch - Business -
Poland's ruling coalition wants the central bank chief tried in court over hurting state interests
Lawmakers with Poland’s ruling pro-European Union coalition have launched a rare process to bring the central bank chief before a special court on allegations of acting against the country’s financial interestsABC News - World -
Poland's ruling coalition wants the central bank chief tried in court over hurting state interests
Yahoo News - World -
UBS makes Ermotti best-paid European bank boss
Swiss lender awards returning chief executive $15.9mn for steering integration of Credit SuisseFinancial Times - Business -
Revised figures confirm UK ended 2023 in recession
Official data shows the economy contracted during the last two quarters of last year.BBC News - Top stories - United Kingdom -
UK Confirmed in Recession at End of 2023
U.K. gross domestic product shrank 0.3% between October and December, with the economy hit by high inflation and interest rates that stifled household spending.The Wall Street Journal - World - United Kingdom -
Macron rekindles France-Brazil relationship in widely memed Lula visit
Yahoo News - World - Brazil -
Macron rekindles France-Brazil relationship in widely memed Lula visit
Photos of French president’s three-day trip to Brazil to reaffirm countries’ partnership delight internet observers. If the official photos are anything to go by, Emmanuel Macron’s three-day trip to Brazil has been more romantic getaway than ...The Guardian - World - Brazil -
Visa, Mastercard and the largest U.S. credit-card issuing banks agreed to a settlement with merchants over the fees charged for swiping credit cards.
Visa, Mastercard and the largest U.S. credit-card issuing banks agreed to a settlement with merchants over the fees charged for swiping credit cards.The Wall Street Journal - World -
Redefining Your Banking Relationship
Banking is a partnership, not a transaction. And it can help Black women overcome systemic financial hurdles.Inc. - Business -
A turning point in central banking
Last week’s monetary policy moves mark a shift away from strict inflation targetingFinancial Times - World -
Ukraine aid in limbo as Congress begins two-week recess
Speaker Mike Johnson is expected to turn the House's attention to addressing supplemental funding for U.S. allies, including Ukraine, when the chamber returns. But the path forward for the speaker is treacherous.CBS News - Politics - Ukraine -
The weakest links in the global economy are on the mend
Some of the most prominent beleaguered nations are now carrying out radical reformsFinancial Times - Business -
Barclays bank payments restored after outage
The bank has apologised as some customers experienced issues with payments into and out of accounts.BBC News - Top stories -
Boeing chief Dave Calhoun will step down at year-end amid the aircraft maker's crisis over product quality, and the company said its chairman won't stand for re-election.
Boeing chief Dave Calhoun will step down at year-end amid the aircraft maker’s crisis over product quality, and the company said its chairman won’t stand for re-election.The Wall Street Journal - World -
Supply chain fears after crash
The Francis Scott Key Bridge, which collapsed on Tuesday, spanned the ninth-busiest port in the US.BBC News - Top stories -
A President We Don't Have to Fear
‘Meek’ is far from the worst leadership style.The Wall Street Journal - World -
America’s Affordable Housing Crisis
The housing crisis is likely to be solved in cities and states, not Washington.The New York Times - Top stories -
The Coming Electricity Crisis
Artificial-intelligence data centers and climate rules are pushing the power grid to what could become a breaking point.The Wall Street Journal - World -
A Crisis of School Absences
Fewer children are attending school, across rich and poor districts.The New York Times - Top stories -
‘Resilience’ of Belgian economy supports local start-ups
Main driver of growth is Flanders where sectors including life sciences and fintech are flourishingFinancial Times - World -
This Is the Best Way for Joe Biden to Talk About the Economy
He is defying 40 years of orthodoxy on the center-left.The New York Times - Top stories - Joe Biden -
Institute says German economy is "struggling" and lowers forecasts
Yahoo News - World - Germany -
Will Xi’s manufacturing plan be enough to rescue China’s economy?
The president has won praise for ending a credit boom, but trading partners now fear a flood of cheap exportsFinancial Times - Business - China -
Fed Rate Outlook Looks Just Right for Banks
Banks look forward to relief on deposit costs but have no desire to go back to zero rates.The Wall Street Journal - World - Federal Reserve