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Developing Nations Spent Record $443.5 Billion on Public Debt in 2022, World Bank Says

Developing countries paid a record $443.5 billion in 2022 to service their public debt as global interest rates surged, according to the World Bank. This...

Here’s Everything the Fed is Expected to do Wednesday

This week’s Federal Reserve meeting is likely to mark a substantial turning point for policymakers who have spent the past two years battling runaway inflation. That there’s...

“We’ll eat less.” Can Rosstat figures be trusted?

Inflation in the North-West region, according to Rosstat, since the beginning of the year has amounted to 6.1%, that is, it was even lower...

Argentina to Devalue Peso by Over 50% as Part of Emergency Economic Reforms

Argentina will devalue the peso by more than 50% as part of emergency measures to help the nation’s struggling economy, the country’s Economy Minister Luis...

Etsy Stock Falls After Company Lays Off 11% of its Staff, Citing ‘Very Challenging’ Environment

Etsy is laying off 11% of its workforce at the height of the holiday season as the e-commerce giant looks to restructure its business and...

President Wickremesinghe’s Contribution To Securing IMF Loan For Sri Lanka

Brussels (08/11 – 50) On March 20, the IMF approved a $3 billion Extended Fund Facility (EFF) to support Sri Lanka amid its economic crisis....

Oil Prices Fall to Four-Month Low as Inflation Slows

U.S. oil prices dropped nearly 5% Thursday, hitting four-month lows. Why it matters: The slide in crude oil is yet another indication that the balance of power has...

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