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Uzbekistan Enhances Trade Ties with Pakistan to Improve Economy
Uzbekistan may enhance bi-lateral trade with Pakistan as a safeguard against lower commodity prices and a downtrodden world economy. Uzbekistan is a relatively new nation, which gained independence in...
World Bank: Suggestions for China’s Expanding High-Speed Rail Development
China has developed the largest high-speed rail network in the world, a feat for which it should be rightly proud. Unfortunately, cutting-edge transportation technology is expensive to deploy and...
The Week in Review: Markets Rejoice on Fed Decision as Economy Woes Worsen
Stock markets in Asia and Europe joined America’s market in celebrating Janet Yellen’s admission that the global economy is not doing so well. The Federal Reserve announced on Wednesday...
Argentina Government Nears Settlement Deal with Creditors
Argentina’s lower congressional house approved a bond settlement with creditors, and President Mauricio Macri expects to win support in the Senate, according to Reuters. The government would pay over...
New IMF Debt Rules Draw Praise, Criticism
Bankruptcy is the procedure in the United States (and many other nations) that allows a debtor who is no longer able to pay back a debt to come to...
U.S. Unemployment Levels Crater, But Income Growth, Demand Remain Elusive
Unemployment levels have fallen to less than 7% in all 50 states, but demand for goods and services remains weak as incomes refuse to grow. A new report by...
Kenya Granted Standby Credit with IMF in Case of Economic Turbulence
Kenyan officials obtained a $1.5 billion credit line with the International Monetary Fund (IMF) as a safeguard against drastic economic downfall, according to Reuters. The International Monetary Fund notes that...
Interest Groups Press OECD about Corporate Settlements in Corruption Cases
The Organization for Economic Cooperation and Development (OECD) is preparing to meet in Paris on Wednesday, and anti-corruption groups have taken the opportunity to raise their concerns. The Organization...
U.S. Economic Growth Weakens as Sales, Prices Fall
Economic growth is weakening in America as consumers have less money to buy things, causing retail sales and prices to fall. The Atlanta Federal Reserve’s GDPNow model has revised...
European Union Suspends Aid to Burundi over Worsening Violence
Burundi’s violence has increased since President Pierre Nkurunziza’s third-term election, causing the European Union to suspend direct financial assistance to the government, according to AFP. The government will no...