Should the Bank of England cut interest rates with Britain’s economy in bloom?

theguardian.com It would come as a shock to most economists if the Bank of England opted to cut interest rates at its policy meeting this week. Financial markets, which were baying for a…

The US Is The Only G-7 Nation To See Trust In Government Plummet

zerohedge.com The US Is The Only G-7 Nation To See Trust In Government Plummet How much do you trust the government, and its various institutions? It’s likely that your level of…

Japan's finance minister says yen intervention may be necessary when there are 'excessive' moves

cnbc.com Japanese Finance Minister Shunichi Suzuki speaks during the presidency press conference at the G7 meeting of finance ministers and central bank governors, at Toki Messe in…

Vladimir Putin’s attempt to starve Europe of energy has backfired. Instead, the Kremlin’s Gazprom is starving

theglobeandmail.com Since the start of Russia’s full-scale invasion of Ukraine more than two years ago, the West has imposed thousands of sanctions on Russian businesses, exports and prominent…

The Cold Hard Truth About Renewable Energy Adoption

zerohedge.com The Cold Hard Truth About Renewable Energy Adoption Authored by Haley Zaremba via oilprice.com, The future of the global energy sector is caught up in a messy and misleading…

Xi comes to Europe: what's on the agenda?

theweek.com Xi Jinping will next week visit Europe for the first time in five years, amid rising tensions with the EU over trade and China's implicit support of Russia. China's…

UK to suffer slowest growth of all rich nations next year, OECD says

cnbc.com The U.K.'s "sluggish" growth prospects have put it on course to be the worst-performing economy of all advanced nations next year, according to new forecasts from the…

China's top climate envoy is coming to the US this month as tensions over green tech run high

aol.com None The US is trying to cut itself off from China's green tech like solar, EVs, and batteries. • None The moves could hit China's economy and risks slowing down the green…

OECD forecasts will be blow to Sunak and Hunt’s claims UK economy is improving

theguardian.com A lack of skilled workers in the country is pushing up UK wages. The dearth of affordable housing has seen landlords put up rent by 9% in a single year, weighing on…

Crude imports from Russia touch 9-month high in April

financialexpress.com Crude oil imports to India from Russia rose to a 9-month high in April despite the US sanctions on some of the Russian vessels and shipping companies not adhering to the G7…

Macklem defends Bank of Canada's two per cent inflation target at Senate committee

financialpost.com Macklem defends Bank of Canada's two per cent inflation target at Senate committee Senators questioned whether Bank of Canada should just change its inflation target to give…

America’s trust in its institutions has collapsed

economist.com AS FAR AS stereotypes go, brash national self-confidence has long been a defining feature of how Americans are viewed abroad. In 2006, when Gallup first started asking…

It's The End Of The Foreign Exchange Reserves As We Know It... Don't Feel Fine About It

zerohedge.com It's The End Of The Foreign Exchange Reserves As We Know It... Don't Feel Fine About It Authored by Tom Luongo via Gold, Goats, 'n Guns blog, “Birthday party, cheesecake,…

G7 agree to end use of unabated coal power plants by 2035

theguardian.com Ministers from the G7 countries agreed on Tuesday to end the use of unabated coal power plants by 2035 – but left the door open for those heavily reliant on coal to breach…

G7 nations commit to phasing out coal by 2035 but give Japan some flexibility

abcnews.go.com Energy and environment ministers of the Group of Seven leading industrialized nations have committed to phase out coal power by 2035 G7 nations commit to phasing out coal by…

US Growth to Lap G7 Peers, IMF Predicts

thedailyupside.com The informal grouping of seven advanced economies known as the G7 has one clear standout in the eyes of the International Monetary Fund. On Tuesday, the United Nations…

Prices for telecom services continue to decline

benzinga.com Annual government study shows prices for most wireless and home Internet services declined in 2023 OTTAWA, ON, April 30, 2024 /CNW/ - Canadians deserve affordable and…

What do you do with 191bn frozen euros owned by Russia?

economist.com In economic terms, an asset has value because an owner might derive future benefits from it. Some assets, like cryptocurrencies, require a collective belief in those…

G7 nations commit to phasing out coal by 2035 but leave room to extend that deadline

apnews.com Energy and environment ministers of the Group of Seven leading industrialized nations committed Tuesday to phase out coal power by 2035, marking the first time the G7 has…

This is The Poorest County in Every State in the US

247wallst.com The US economy is very strong, especially if compared to the other G7 countries. In the decade from 2023 to 2022, the US had a real GDP growth of 2.1%. This is above the G7…

G7 leaders agree to shut down coal-powered plants

semafor.com Semafor Signals Supported by Insights from E&E News, Reuters, MIT Technology Review The News Energy ministers from the Group of Seven nations tentatively agreed to shut down…

Samourai Wallet: Breaking Down Dangerous Precedents

bitcoinmagazine.com On Wednesday, the founders of the Bitcoin privacy wallet Samourai Wallet were arrested and charged on behalf of the US Government. The indictment could set dangerous…

G7 discussing setting 2035 end date for coal-fired power plants, source says

theglobeandmail.com Energy ministers from the Group of Seven wealthy countries meeting in Italy are discussing setting a common target date of 2035 to shut down their coal-powered power plants,…

Taxing big fossil fuel firms ‘could raise $900bn in climate finance by 2030’

theguardian.com A new tax on fossil fuel companies based in the world’s richest countries could raise hundreds of billions of dollars to help the most vulnerable nations cope with the…

7 BRICS Countries Predicted To Outperform US GDP In 2024

watcher.guru The BRICS economic alliance has seen its GDP now projected to skyrocket past $34 trillion in the next four years. The bloc continues to grow in strength, numbers, and value.…

G7 aims to boost power storage capacity sixfold by 2030

asia.nikkei.com TOKYO -- The Group of Seven major industrialized economies aim to increase global electricity storage capacity 6.5-fold by 2030, according to a draft joint statement of…

AI Priest Fired by Catholic Group After Pitching Gatorade Baptisms

decrypt.co Artificial intelligence shook up a corner of the Catholic community after Catholic Answers—a San Diego, Calif.-based publisher of church resources—introduced “Father…

Americans' confidence in US military is declining, poll shows

newsweek.com The proportion of U.S. citizens who have confidence in their nation's military has declined, a new poll has revealed. The U.S. military is involved in a number of missions…

EU Parliament Adopts AML Laws Regulating Bitcoin Based On Questionable Assumptions

bitcoinmagazine.com The European Parliament adopted a new AML law package which increases the reporting requirements of crypto asset service providers (CASPs) when sending and receiving…

Canada's productivity woes going from bad to worse, warn economists

financialpost.com Canada's productivity woes going from bad to worse, warn economists Share this Story : Canada's productivity woes going from bad to worse, warn economists The country's…

US threatens new China sanctions over supplies to Russian arms industry

theguardian.com Antony Blinken has warned Xi Jinping at a meeting in Beijing that the US and its European allies are ready to impose new sanctions on Chinese companies if they do not stop…

Bank of Canada says the country faces a productivity 'emergency'

financialpost.com Canada must tackle weak productivity to inoculate the economy against factors that will drive future inflation, such as the pullback from globalization, said Carolyn Rogers,…

The US is now allowed to seize Russian state assets. How would that work?

apnews.com The big U.S. aid package for Ukraine and other allies that President Joe Biden signed Wednesday also allows the administration to seize Russian state assets located in the…

EU raids offices of Chinese security equipment maker in subsidy probe

aol.com European Union officials have raided the offices of a Chinese company as part of a probe into subsidies, exposing rising tensions between the bloc and one of its biggest…

Antony Blinken Presses China On Russia Ties During Visit To Shanghai: Expert Says Visit Aims To 'Avoid Awkward Scenarios'

benzinga.com On Wednesday, U.S. Secretary of State Antony Blinken arrived in Shanghai for a visit aimed at improving U.S.-China relations, despite a host of unresolved issues. What…

EU-Japan to cooperate on AI, data flows

euronews.com The regions will call upon the OECD countries to support safe, secure AI. The European Union and Japan will announce a cooperation between the EU’s AI office and Japan’s…

Explainer-How the West might use Russia's frozen reserves to help Ukraine

aol.com The G7 group of nations are looking to use nearly $300 billion worth of Russian financial assets frozen by sanctions since 2022 to help support Ukraine, but how it will be…

24 of the most expensive designer outfits that first ladies have worn

aol.com None Jill Biden presented at the Grammys in a $16,000 Oscar de la Renta gown. As highly visible public figures, first ladies choose their clothes carefully. Their outfits…

Which Donald Trump Asset Seizures Will Tick Him Off The Most: A Bracket

dealbreaker.com The other day, Kathryn Rubino asked, “Will Tish James Hit Trump Where It Really Hurts?” The former president had just admitted that he couldn’t find anyone crazy enough to…

The US is weighing using the power of the dollar to stop Chinese banks aiding Russia

businessinsider.com A Chinese flag flies near buildings in the central business district on a polluted day in Beijing on February 27, 2018. GREG BAKER via Getty Images Chinese banks are helping…

Hunger has increased under Joe Biden

newsweek.com The number of Americans struggling to put enough food on the table for themselves and their families has been growing in recent years, reaching a rate of 12.8 percent of…

The hunger stat that shames America

newsweek.com The U.S. had the highest rate of people struggling to afford enough food to feed themselves and their families of all G7 countries in 2023, according to a recent Gallup…

Political heat prods Japan, South Korea to team up on weak currencies

investing.com The success of Japan and South Korea at inserting language voicing concern over their currencies in a joint statement with the U.S. this week underscores the political heat…

The global economy has become fragmented. Here’s how Canada can help repair it

theglobeandmail.com Paul Jenkins is a senior fellow at the C.D. Howe Institute and former senior deputy governor of the Bank of Canada, while Mark Kruger holds senior fellow appointments at the…

Most difficult global outlook for a century heralds end of US-led world order

theguardian.com The 2020s are almost halfway over and are on course to be the most difficult decade for the global economy since the 1930s. Every finance minister and central bank governor…