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Latest news about the state of the world economy.
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Federal Reserve Planning to Raise Interest Rates
The Federal Reserve made it clear that interest rates are likely to rise in June. After raising rates in December, the market has seen much confusion about the timing...
IMF Warns That Iran Cannot Rely on Oil Alone to Resuscitate Its Economy
The International Monetary Fund (IMF) warned Iran that its oil industry couldn’t remain the key pillar of its economy if it wishes to return to prosperity. It also warned...
Cameroon Continues Corruption Fight: Opponents Suspect Ulterior Motive
Cameroonian authorities have arrested 14 officials tied to corruption, but political opponents argue that the probe is used to silence dissent, according to Voice of America. Officials charged them...
Housing Starts, e-Commerce Rise Boosts Inflation
More houses are being built in America, and Americans are buying more products online, which is helping inflation rise. New housing starts jumped 6.6% from the prior month to...
World Bank Report: Cities are ‘Woefully Unprepared’ for Increasing Disaster Risks
The climate is changing at an ever increasing pace, creating extreme weather and other hazards. These threats pose serious threats to cities around the world. However, the World Bank...
The Olympics will not Add Significant Value to Brazil’s Economy
According to a report from Moody’s Investor Service, the Summer Olympics will yield some short-term economic benefits to Brazil, but little overall value in the long-term, as CNN Money...
Fed Eyes June Rate Hike
Mixed economic data persists, but that isn’t stopping the Federal Reserve from raising interest rates. In an attempt to make borrowing more expensive for consumers, the Federal Reserve may...
Latvia to Become OECD’s 35th Member State
Last week, the leadership of the Organization for Economic Cooperation and Development (OECD) decided unanimously to invite the European nation of Latvia to join as its 35th member. The...
Venezuelan President Threatens Factory Owners
In a speech to supporters, Venezuelan President Nicolas Maduro threatened to seize control of non-productive factories and imprison owners if they stop production, according to Associated Press. His threat...
Retail Sales Rebound Hints at Improving U.S. Economy
Retail sales in America posted a surprising jump, as consumers are feeling more comfortable about opening their wallets. Retail sales rose 1.4% on a month-over-month basis in April after...