International Economics

International Economics

With Dollar Reserves Running Out and Ratings Downgrades, Maldives Stares at a Crisis

Photo by Ishan @seefromthesky via CC0 1.0

Fitch Ratings downgraded the debt of the Maldives for the second time in just over two months, suggesting it’s likely to default on bonds.

1 min read

Photo by Sangkeun Park via CC BY-SA 4.0

International Economics

Canadian Railway Shutdown Threatens US Supply Chains

Canadian National Railway and Canadian Pacific Kansas City came to a halt after locking out 9,300 employees over a contract dispute.

2 min read
Photo by David Iliff via CC BY-SA 3.0

International Economics

The UK’s Higher-Education Sector is Trying to Dodge a Finance Crisis

The UK’s top-notch schools are a premier destination for international students, and education is a big part of the economy.

2 min read
Photo by Chris Czermak via Unsplash

International Economics

Italy Raises Tax on Wealthy Migrants’ Foreign Income by 100%

Italy doubled a flat tax on the foreign income of new residents, upping it from €100,000 to €200,000 annually.

1 min read

International Economics

The Bank of England Makes Its First Rate Cut in Over Four Years

Photo by George Rex via CC BY-SA 2.0

The Bank of England voted Thursday to cut its key rates for the first time in over four years by a razor-thin 5-4 margin.

2 min read

International Economics

London’s Days as the World’s Money-Laundering Capital May Be Numbered

Photo by Aron Van de Pol via Unsplash

London has been the world’s top spot for money laundering, but that could be changing. Roughly 17% of UK millionaires are leaving.

2 min read

International Economics

French Reject Far-Right as Leftist Coalition Nabs Shock Election Victory

Photo by Rodrigo Kugnharski on Unsplash

After a coalition of socialists and greens won a shock upset in France’s parliamentary elections, markets still need time to digest.

2 min read

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