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Housing Market Weakness Stings Growth Optimism
Just as the U.S. Government and Federal Reserve are getting more optimistic about America’s growth prospects, new data shows the housing market may be topping out. Pending home sales...
China and US May Be Heading Toward WTO Case over Steel Dumping and Tariffs
China and the United States are set to square off in a suit before the World Trade Organization (WTO) regarding a brewing dispute over steel imports. China, along with...
Libyan Prime Minister Calls for Unity against ISIS
Prime Minister-designate Fayez Al Sarraj has called on Libyan armies throughout the land to join the central state and combat Islamic State’s presence, according to Gulf News. ISIS entered...
U.S. Economic Growth Improves Despite Plummeting Corporate Profits
Corporations are making less money than they used to, but America’s economic growth gained a bit of ground earlier in the year. Corporate profits fell 4.3% on a year-over-year...
Britain Loses AAA Rating
The United Kingdom (UK) joins the United States in losing its AAA credit rating from S&P. The credit agency announced its downgrade of the UK on Monday, shortly after...
Ghana to Continue IMF Austerity Program
Ghana was drowning in debt just a few years ago. It still struggles with significant levels of existing debt, but has finally started to turn the corner thanks to...
Brexit Vote and Domestic Hurdles Hamper South Korean Economy
South Korean officials contend that the Brexit vote will have a slight impact on the economy, according to The Hankyoreh. The government is also concerned about the U.S. Federal...
American Economic Indicators Flash Red
A number of economic indicators released recently point to a weakening American economy. Americans are buying fewer services, manufacturing activity is down, and America’s trade deficit—along with the rest...
IMF Praises Central Banks’ Responses to Brexit
There is no doubt that the United Kingdom’s (UK) exit from the European Union (EU) will have long-term economic consequences for the entire world. Friday’s response to the news...
Nigerian Militants Grow Bold as Oil Pipeline Damage Continues
Militant group Niger Delta Avengers have called for a referendum on the dissolution of Nigeria, according to ABC News. Niger Delta Avengers comprise of militants that attack oil pipelines...