UK Regulators Fine Citi
In the United Kingdom, local regulators imposed a fine of 62 million pounds ($79 million) on bank Citi, which head office is located in New York.
Finance & Economics - page 21
Joe Biden Administration to Forgive $7.7 Billion in Student Debt
The administration of the President of the United States Joe Biden on Wednesday, May 22, announced that student loans for $7.7 billion will be forgiven to more than 160,000 borrowers.
Fed’s Christopher Waller Says About Conditions for Lowering of Interest Rates
Federal Reserve Governor Christopher Waller said that to decide on easing monetary policy, which provides for a cut in interest rates, it is necessary to receive several more positive reports on the dynamic of inflation.
The Canadian Financial Landscape: Understanding Your Options
Understanding different financial options is crucial for effectively managing monetary affairs and preparing for the future. Recent figures show that 63% of Canadians claimed they are using their whole net salary to stay afloat in these difficult financial times. In his context, learning the intricacies of dealing with finances can help solidify financial security in […]
Red Lobster Files for Bankruptcy
Brand Red Lobster, which activities provided middle-class representatives in the United States with access to shrimps and lobsters, has declared bankruptcy.
China’s Capital Outflow Demonstrates Growth
In April, China recorded an increase in the tendency of capital outflows.
Digital Banking: Attracting Talent in a Competitive Market
The digital banking industry has seen explosive growth in recent years, driven by technological advancements and changing consumer preferences.
China Consumers Face Growing Utility Costs
In China, the local consumer community has recently been facing very unfavorable circumstances in the economic environment of this Asian country in the form of a prolonged and deep downturn in the real estate market and a weak labor market, but this negative period still shows no signs of an early end and at the […]
OpenseedVC Reaches First Close of $10m Fund for Early Stage Startups across Africa and Europe
Female-led OpenseedVC has reached the first close of its $10 million angel-style early-stage fund, hoping to reach the final close within a year.
Dow Crosses 40,000
On the morning of Thursday, May 16, the Dow Jones index crossed the 40,000-point mark for the first time in its history.
Japan’s Economy Contracts
During the first quarter of the current year, Japan’s economy contracted.
US Inflation Slows
In April, a decrease in the inflation rate was recorded in the United States, which was not just economic news, but a kind of source of the positive for local citizens, who have recently faced increasing price pressure and lack of significant prospects for improving the economic situation.
JPMorgan CEO Urges United States to Deal With Deficit
JPMorgan CEO Jamie Dimon on Wednesday, May 15, called on the leadership of the United States to reduce the fiscal deficit as soon as possible, noting that over time the relevant problem will become more difficult in terms of opportunities and prospects for its successful solution.
Experts Expect US Inflation Data to Show Some Positive for Fed
Experts predict that the monthly report on consumer prices in the United States will show a decrease in the level of inflationary pressure in this country as a result of April.
Alibaba Reports Quarterly Earnings
The Chinese company Alibaba on Tuesday, May 14, released data on the financial results of its activities in the fourth fiscal quarter.
China Credit Engine Goes Into Reverse
A sharp contraction in lending in China is forcing the central bank of the Asian country to assist, and from the government’s point of view, it is a source of need to spend more money.
Finance & Economics
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