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U.S. GDP Growth Estimates Boosted on Strong Economic Data
A number of economic studies show renewed strength in the American economy, helping the Federal Reserve boost its estimates for growth. The Atlanta Federal Reserve’s real-time GDP estimator, GDPNow,...
South Korea’s New Anti-Corruption Law Could Have Economic Ramifications
The South Korean government will implement a new law known as the Improper Solicitation and Graft Act in September, which bans pricey gift exchanges during business transactions, according to...
World Bank: Combat Climate Change with a Carbon Pricing System
In 2015, a handful of nations undertook a social experiment. Urged by groups, including the World Bank, who felt that combatting climate change required an economic incentive, these adventurous...
U.S. Sees Higher Trade Deficit, Lower Services Activity
American trade policy is failing to shrink the trade deficit with other countries as weak demand crimps services industries throughout the country. The trade balance between the United States...
UN Deploys Investigators in Burundi in Response to Human Rights Abuses
The United Nations (UN) has completed its deployment of monitors sent to investigate human rights abuses in Burundi, according to Africa News. Over 450 people have been killed since...
IMF to Europe: No Cash for Greece without Debt Relief Promise
Greece has become the focus of a battle between European nations and the International Monetary Fund (IMF). The economically struggling nation that is drowning in debt will not receive...
Investors Cheer New Home Sales Blowout
Investors dived into the stock market after American home sales crushed expectations with double-digit gains. New home sales in April soared to 16.6% more than sales in March and...
Tajikistan Referendum Allows President to Rule Indefinitely
Referendum results show that over 94 percent of Tajiks approved a change to the constitution allowing President Emomali Rakhmon to run for office indefinitely, according to Business Insider. The...
World Bank to Lend $100 Million to India for Clean Water in Karnataka
The World Bank and India signed a deal on Tuesday by which the nation will receive $100 million in loan funds to provide the citizens of Karnataka with a...
Economists: U.S. to Face Greater Inflation
After several years of weak inflation, economists now believe Americans will see higher prices in 2016 and beyond. Weak inflation that fell into near deflation in 2015 has reversed...