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Last week, all eyes were set on the upcoming FOMC meeting, with many financial analysts warning that the spreads between short-term and long-term debt rates have shrunk to lows not seen since the infamous 2008 financial crisis.
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After refraining to comment on the questionable decisions made by US president Donald Trump for two years on end, Barack Obama has finally emerged from the shadows. In a passionate speech at the University of Illinois on Friday, the former US president urged his fellow citizens to vote against the Trump presidency and put an end to its “abuses of power”.
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Despite a week-long flurry of intense negotiations, Canada is still facing the possibility of being left out of NAFTA (North American Free Trade Agreement)—a trade pact on which depend 3/4 of the country’s exports and the livelihoods of 2.5 million Canadians.
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The most recent US sanctions on Russia’s oil and gas ventures left senators perplexed as the country now gears towards besting its record-high barrel output in July. What is keeping Russia’s oil economy afloat at a time of growing economic uncertainty?
After going strong for years on end, Turkey’s economy is now collapsing under its own weight, scaring foreign investors and causing a national crisis. So, what exactly happened there?
China’s answer to Trump’s large-scale embargo is here, and it bodes nothing good for the citizens of the US. In the words of China’s Ministry of Commerce, import taxes on select US goods are expected to range in rates between 5% to 25%.
European shares bravely flew into the Great Trade War hurricane and perplexed analysts by coming out unscathed, trading high in early trading last Thursday.
Last Monday, US president Donald Trump and Russian president Vladimir Putin held a meeting in Helsinki, Finland. The meeting went great as far as Trump’s personal interests were concerned. For the people of the United States, it was a disaster.