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IMF hikes global growth forecast as inflation cools and household spending surprises

[ad_1] The IMF has revised its global economic outlook upwards. Norberto Duarte | Afp | Getty Images The International Monetary…

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Business

Fed hikes and a stronger dollar are fueling risks of political instability in Africa

[ad_1] ACCRA, GHANA – NOVEMBER 05: Ghanaians march during the ‘Ku Me Preko’ demonstration on November 5, 2022, in Accra,…

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Business

‘Do not bet’: China’s central bank warns against yuan speculation

[ad_1] The Chinese yuan weakened past the closely-watched 7.2 level against the greenback this week. Getty Images BEIJING — The…

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Business

Larry Summers blasts UK tax cuts as ‘utterly irresponsible’ and warns of possible contagion

[ad_1] Larry Summers Cameron Costa | CNBC LONDON — Former U.S. Treasury Secretary Larry Summers on Tuesday warned that the…

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Enterprenuers

Britain pursues ‘trickle-down economics’ despite scorn from Biden. And the stakes are sky-high

[ad_1] British Prime Minister Liz Truss and U.S. President Joe Biden formally met for the first time at the United…

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Business

Bank of England hikes by 50 basis points, says UK may already be in recession

[ad_1] The Bank of England warned that the U.K. will enter recession later this year. The expected recession is forecast…

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Business

Investors withdraw over $7 billion from tether, raising fresh fears about stablecoin’s backing

[ad_1] Tether has faced repeated calls for a full audit of its reserves. Justin Tallis | AFP via Getty Images…

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Business

Regulators are growing anxious about stablecoins after Terra’s stunning collapse

[ad_1] The entire stablecoin market is now worth more than $160 billion. Justin Tallis | AFP via Getty Images Regulators…

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Business

World’s biggest stablecoin regains dollar peg after $3 billion in withdrawals

[ad_1] Tether has long faced questions over whether it has enough assets to justify its peg to the dollar. Tiffany…

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Business

The world’s biggest stablecoin has dropped below its $1 peg

[ad_1] Crypto firm Tether has been reducing the amount of commercial paper in its reserves. Jakub Porzycki | Nurphoto |…

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