The Canadian government is facing higher debt servicing costs as interest rates rise, resulting in billions of additional dollars spent on interest payments and less money available for other government priorities, potentially leading to difficult decisions about cutting spending or increasing taxes.
Pakistani traders go on strike across the country to protest against the high cost of living, including fuel and utility bills and the depreciation of the rupee, leading to widespread discontent among the public.
Europe is facing a "double crisis" due to the geopolitical impact of Russia's invasion of Ukraine and the subsequent economic hit, but the region can avoid a recession by securing alternative energy supplies and providing relief to consumers facing high energy costs.
UK inflation has slowed to a 17-month low of 6.8%, prompting expectations of potential interest rate cuts and concerns about the impact on house prices and mortgage rates.
The government of Gilgit-Baltistan has decided to call in the army and deploy security personnel to ensure peace and maintain law and order, in response to recent protests and unrest sparked by controversial remarks made by a religious leader.
More than half of Sri Lanka's population, or 12.34 million people, remain "multidimensionally vulnerable" due to the crushing economic crisis last year, according to a survey conducted by the United Nations Development Programme (UNDP), highlighting the ongoing effects of the crisis and contradicting claims of a recovering economy.
Thailand's new Prime Minister Srettha Thavisin, a real estate tycoon, has been named finance minister in a cabinet endorsed by the king, with the aim of boosting the country's economy and implementing campaign promises such as a 10,000 baht ($285.63) handout in digital currency.
The debt of the United States has reached record levels and continues to grow, raising concerns among investment gurus and market minds about its long-term consequences on the economy and financial markets.
Country Garden, China's largest private developer, has obtained approval from its creditors to extend payments for an onshore private bond, providing relief for the embattled company and the crisis-ridden property sector.
China's economy is facing numerous challenges, including high youth unemployment, real estate sector losses, sluggish growth in banks, shrinking manufacturing activity, and lack of investor confidence, indicating deeper systemic issues rather than cyclical ones.
Ireland's GDP is no longer an accurate measure of the country's economic conditions due to the dominance of multinational companies and the volatility of their activity, with the economy entering a technical recession despite full employment and increased consumption.
China imported a record amount of beef in July, mostly from Brazil, and analysts predict that China or Korea will soon overtake Japan as Australia's biggest export market for beef.
Canada unexpectedly halted talks on a proposed trade treaty with India, just three months after expressing the goal of reaching an initial agreement this year.
Pakistan's economy has experienced a slowdown in its structural transformation, with a significant decrease in the share of agriculture and a lack of growth in the industry sector, indicating a premature de-industrialization contrary to successful developing nations, emphasizing the need for policies to boost industrialization and address taxation inequities.
Thai durian exports to China have significantly increased due to improved delivery times from a new high-speed rail link, but an economic slowdown in China and weather patterns are posing challenges for the sector.
Nasa has discovered a new crater on the Moon that is believed to have been caused by the crash landing of a Russian probe.
Caretaker Prime Minister Anwaarul Haq Kakar dismisses the nationwide strike against inflated electricity bills as a non-issue raised by political parties, while also claiming that foreign investment of $60 billion to $70 billion is expected in the next three to five years through the Special Investment Facilitation Council (SIFC).
Former finance minister Ishaq Dar claims that the Pakistan Muslim League-Nawaz (PML-N) paid a heavy price to prevent Pakistan from defaulting on its international loan obligations, and that the country's economy suffered during Prime Minister Imran Khan's tenure.
Country Garden Holdings, once a leading player in China's property industry, is facing a severe cash crunch that could have more extensive implications for the economy than the default of Evergrande Group, as its declining stock and bond values threaten to trigger broader damage to the real estate sector and consumer confidence.
The authorities in Beijing and Shanghai are implementing measures to ease mortgage lending rules in an effort to stimulate a slowing housing market, including allowing first-home buyers to enjoy preferential mortgage rates regardless of their previous credit records. This move is expected to drive home sales in the short term, but the long-term impact is uncertain due to low consumer confidence in the face of economic uncertainty.
The Narendra Modi Stadium in India is the world's largest stadium with a seating capacity of 132,000, followed by the Rungrado 1st of May Stadium in North Korea with a capacity of 114,000; the remaining stadiums in the top 10 are all located in the United States and primarily used for college football.
The August jobs report shows a healthy labor market with steady growth, although there are signs of cooling due to higher interest rates and downward revisions to previous job numbers, but overall it is seen as a robust report, with women and immigrants playing a significant role in the labor force. There are some concerns, such as Americans spending down their savings and potential consequences of the Federal Reserve's rate hikes.
The proportion of international students in U.S. higher education institutions has increased steadily, with Asian students representing the majority, and in 2022, 75% of international students were from Asia, with China and India being the top two countries of origin.
The Canadian Border Services Agency is enhancing the infrastructure and security measures at 11 border crossings between the United States and Canada after last year's "Freedom Convoy" protests disrupted trade and prompted the government to invoke the Emergencies Act.
The Federal Reserve's attempt to combat inflation is not making any progress, as shown by the latest jobs report and inflation data, indicating that inflation is likely to worsen.
The Canadian dollar weakened the most in one month against the US dollar after data showed the domestic economy contracting, leading investors to cut bets on another Bank of Canada interest rate hike.
The Canadian dollar weakened against the US dollar after data revealed that the country's economy unexpectedly contracted in the second quarter, reducing the likelihood of an interest rate hike from the Bank of Canada.
Representatives of 14 western creditor nations in the Paris Club were in Cuba to salvage a debt agreement with the import-dependent country, which is expected to default on payments for a fourth consecutive year due to tough US sanctions, trade embargo, and the pandemic.
Former finance minister Ishaq Dar believes that a few speculators are responsible for the fluctuation and rise of the US dollar against the Pakistani rupee and that the government must take action against them to prevent them from holding the economy hostage. He also states that there is no quick fix to any problem, and emphasizes the need for the revival of effective policies and time to reverse the damage caused to Pakistan's economy. Additionally, Dar criticizes the policies of the Pakistan Tehreek-e-Insaf (PTI) government and expresses confidence in the ability of the Pakistan Muslim League-Nawaz (PML-N) to fix the economy if given a fresh and full mandate. He also highlights the complexities of the rise in electricity prices in the country.
The Indian government has put Central government hospitals on high alert and cancelled leaves for doctors and staff in preparation for the G20 summit in Delhi, ensuring prompt medical facilities and emergency services for international delegations.
Approximately 30% of Americans are living paycheck to paycheck due to unplanned expenses, health conditions, economic changes, lack of options, and costly payment alternatives.
Large numbers of job cuts and reduced investment are hitting British manufacturing due to a slump in demand, according to the deputy editor of The Telegraph, Tim Wallace. The purchasing managers’ index fell to 43 in August, down from 45.3 in July, the lowest reading since August 2014 and the worst performance since May 2020, shortly after the first Covid-19 lockdown, also the worst since the financial crisis. Wallace cites Make UK economist Fhaheen Khan’s view that interest rates and inflation have lowered sales, sparking job cuts.
Venezuela's economy is struggling once again as high inflation, lagging salaries, and decreases in purchases and production of goods take their toll, despite a brief recovery on the back of de-facto dollarization.
Fidelity International's Salman Ahmed maintains his prediction of a recession next year, citing the full impact of the Federal Reserve's monetary policy tightening and a wave of corporate debt refinancing as leading factors.
The U.S. economy has shown unexpected strength, with a resilient labor market and cooling inflation improving the odds of avoiding a recession and achieving a soft landing, but the full effects of rising interest rates may take time to filter through the economy.
Tharman Shanmugaratnam, a distinguished economist, has been elected as the ninth president of Singapore, becoming the third Indian-origin person to hold this position.
BlackRock's Rick Rieder suggests that the Federal Reserve can now end its inflation fight as the labor market in the US is cooling down after gaining 26 million jobs in the past three years.
Home prices in the US hit another all-time high in July, but month-to-month gains weakened and suggest a potential slowdown, likely due to rising mortgage rates and increased listings.
US job and wage growth slowed in August, but the Federal Reserve's efforts to control inflation and prevent a recession seem to be working as planned. The unemployment rate increased to 3.8 percent, but this is viewed as a positive sign by the Fed.
Tharman Shanmugaratnam, an Indian-origin economist, has won the presidential election in Singapore, defeating two contenders of Chinese origin in the country's first contested presidential polls since 2011.
Credit rating agency Moody's has raised its 2023 U.S. economic growth forecast to 1.9% while cutting its estimate for China, citing mounting challenges for the latter, including weak business and consumer confidence and an aging working population.
A backlog of ships at the Panama Canal due to a drought and reduced water levels is causing delays and higher costs for goods, including perishable items and energy, potentially impacting the holiday season and leading to higher prices and fewer options for customers. The importance of the Panama Canal has grown with globalization, and the backlog highlights the vulnerabilities of a globalized economy. The water shortage in Panama, exacerbated by climate-related factors, is expected to worsen in the future, leading to potential spillover effects and prompting companies to reconsider their operations.
Rates on 30-year fixed-rate mortgages rose Thursday following three straight days of declines, while most other loan types experienced small or moderate gains but still have a way to go before recovering from recent losses.
Despite its perfect weather and booming economy, Los Angeles is facing a decline in population and businesses due to high housing and living costs, prompting concerns about the city's future.
Cleveland Fed President Loretta Mester said that even though there has been some progress, inflation is still too high and the jobs market remains strong, with the Fed's efforts to bring down inflation helping labor demand and supply to balance.
The Patriots' previous season was filled with regrets and mistakes, but it also offers hope for the future as they aim for a successful season with a strong defense, a productive offense, and a potential playoff berth.
Special Assistant to caretaker Prime Minister on Government Effectiveness, Dr Jehanzeb Khan, has urged diplomatic missions in Islamabad to promote and encourage investment in resource-rich Pakistan during a briefing session on the Special Investment Facilitation Council (SIFC).
Economist David Rosenberg warns that the US is likely to enter a recession within six months due to the deterioration of credit quality, reminiscent of the 2008 mortgage crisis.
Pakistan's inflation rate remained above target in August at 27.4%, driven by reforms linked to an IMF loan that have fueled price pressures and declines in the rupee currency.
The Canadian economy contracted in the second quarter, leading economists to believe that the Bank of Canada's rate hiking campaign may be coming to an end.