Liz Truss Pulls Screeching U-turn on Plans to Cut Taxes for Britain’s Wealthiest
Liz Truss pulls the fastest 180 in history.
Economics
After the 2022 Downturn, The World Will End Up With *More* Millionaires
Economic downturn and all, there will be more millionaires in the near future.
US Inflation Remains Stubbornly High at 8.3%
The latest US inflation reading is stubbornly higher than expected.
China Extends Its Influence With Emergency Loans
China is emerging as a major competitor to the IMF.
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Gene Company Illumina to Appeal EU Block on $7.1 Billion Grail Acquisition
The EU blocked a merger deal for a company that has no business in Europe.
The UK’s New Prime Minister Has a Queen’s Commemorative Plate Full of Economic Challenges
The UK’s new Prime Minister has her work cut out for her.
Turkey Cuts Interest Rates Despite 80% Inflation, Ghana Interest Rate Set at 22%
Even with 200-plus central banks in the world, it’s hard to imagine two more different responses to soaring inflation and a depreciating currency. Turkey’s central bank on Thursday announced a shocking cut to interest rates, despite 79.6% inflation and the…
Bonds, Stocks Rally After Encouraging Inflation Report
Go ahead and cancel that massage appointment, because the latest CPI numbers will surely ease any stress-induced back pain. On Wednesday, data released by the US Department of Labor showed the pace of inflation cooled considerably in July from June…
Ireland’s Economy is Soaring Thanks to a Pot o’ Corporate Taxes
You’ve heard of the luck of the Irish, but did you know the expression has nothing to do with four-leaf clovers or trapping Leprechauns? It comes from the 19th-century gold and silver rush when many of the most successful and…
