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World Bank Warns Russia’s Poverty Levels Will Spike This Year
The World Bank has warned that poverty rates in Russia will return to the rates they reached in 2007 as the nation’s economy continues to contract, inflation rises, and...
GDP Outlook Slashed as Trade Deficit Widens, Job Openings Fall
The Federal Reserve has again cut its growth outlook for the American economy as multiple signs of weakness come from numerous independent reports. The Atlanta Federal Reserve’s GDPNow cut...
Iranian Economy Struggles as U.S. Markets Remain Untouchable
An official from the U.S. State Department assured members of the U.S. Congress that Iran would not gain access to American markets, according to Reuters. The Iranian Sanctions Act...
World Bank Taps into Sharing Economy to Ease Traffic in Southeast Asia
The World Bank has taken its first steps into the sharing economy, made famous in America by companies such as Uber, Lyft, and Airbnb. In the case of the...
Fed Hints at Higher Interest Rates Soon
The Federal Reserve is urging Americans to prepare for higher interest rates that will impact almost all debts, including student loans, mortgages, and credit cards. Despite interpretations of a...
Armenian President Warns Azerbaijan Clash could Morph into Full-Scale War
In a meeting with ambassadors, Armenian President Serzh Sargsyan stated that conflict over the disputed Nagorno-Karabakh territory could erupt into a regional war between his country and Azerbaijan, according...
Israel is the Second Poorest Nation in the OECD
The Organization for Economic Cooperation and Development (OECD) has rated Israel as the second poorest among its member nations. This is surprising, given the relative level of education and...
U.S. Economy Surges on Higher Incomes, Manufacturing Data
Both incomes and manufacturing activity are growing in America, leading to hopes that the economic recovery is finally here. Wage growth surged in March as 215,000 new jobs were...
Germany Pledges Aid for Kyrgyzstan during Tough Times
German Foreign Minister Frank-Walter Steinmeier visited Kyrgyzstan and praised the government for its commitment to democracy, according to Deutsche Welle. Germany pledged additional money to Kyrgyzstan to combat the...
IMF Attempts to Smooth Tensions with Greece after Phone Transcripts Leak
The International Monetary Fund (IMF) spent the weekend trying to smooth tensions with Greece following the release of a transcript of leaked phone calls between IMF officials. The head...