Economy

China Cuts Rates as Economy Slows

38
Economy
16.08.2022

China's central bank cut interest rates this week for the first time since January, as the economy lost steam due to renewed COVID-19 lockdowns and a brewing property crisis.The People's Bank of China reduced the main rate at which it lends to banks...

Investors Look to Green Energy Funds as Congress Passes Climate Bill

29
Economy
15.08.2022

After receiving approval from the US Congress, American President Joe Biden is preparing to sign a bill allocating $369 billion for climate and energy funding into law.Investors have not been slow to climb the bandwagon and have already sunk $425.5 m...

Spain’s Inflation Highest in Nearly Four Decades

33
Economy
31.07.2022

Spanish consumer prices have shot up at the fastest pace since September 1984, as inflation in the EU continues to break new records. Inflation in Spain reached 10.8% year-on-year for July, a jump from its level of 10.2% in June. As with most coun...

US Economy Contracts, Fueling Recession Fears

29
Economy
29.07.2022

According to the Bureau of Economic Analysis, the US economy shrank for a second quarter in a row. GDP fell by 0.9% on an annualized basis from April through June.  By definition, two consecutive quarters of negative economic growth constitut...

The Fed Announces Second Massive Interest Rate Hike

31
Economy
28.07.2022

A few months ago, a massive 75-basis-point rate hike by the US Federal Reserve was unthinkable. It has now happened twice in a row. This week, members of the US Fed unanimously agreed on an additional interest rate hike of three-quarters of a percent...

China's Real Estate Market in Serious Trouble

31
Economy
25.07.2022

China’s real estate market is in deep trouble, with property sales slumping by 25% this year alone. A confluence of factors, including China’s “Zero COVID Cases” policy, have seen property developers run out of capital to fini...

European Central Bank Finally Hikes Interest Rates

27
Economy
22.07.2022

The European Central Bank (ECB) on Thursday announced it would hike its key interest rate by a half percentage point. This is the first time since 2011 that the ECB has raised rates, taking Europe's key rate back to zero. Interest rates in the...

US Inflation Hits 40-Year High

46
Economy
14.07.2022

US Inflation powered to a new peak in June, with American consumer prices leaping by 9.1% year-over-year, according to new data. Inflation is at its highest level in four decades, and higher than the previous month’s reading in May, when pri...

Iranians Buy the Most Residential Real Estate in Turkey

1628
Economy
08.06.2022

The Turkish Statistical Institute recently shared a report showing that Iranians make up the largest group of foreign buyers of residential property in Turkey. In March of this year alone, Iranians purchased 784 homes, beating the number of proper...

US Labor Market Reflects Major Changes

38
Economy
06.06.2022

The US labor market is changing in significant ways, as shown by the latest data from the US Bureau of Labor Statistics. There are jobs aplenty, with 11.4 million job openings in April, even if this is a slight decrease from the month before. Acco...