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Drought in Zambia Worsens Vital Sectors of the Economy
The Zambian government is considering asking farmers to make certain changes in crop production, such as importing maze from South America, to help with the deficit and rising irrigated...
Cambodian Citizens Want to Throw World Bank out of Phnom Penh
Once welcomed for its financial aid, the World Bank is now feeling like a persona non grata in Phnom Penh. This week, current and former residents of the Boen...
Union Membership Declines to Lowest Point since the Great Depression
A continuing decline in union membership now means that there are less union workers in the United States than at any point in history since World War II. Union...
Oil Market Dip Endangers Azerbaijan’s Economy
Standard & Poor's Ratings Services (S&P) downgraded Azerbaijan's rating as the ex-Soviet republic contends with a devalued currency and lacking revenue, according to AFP. The Central Asian country relies...
OECD Delivers Strangely Mixed Report on Israel
According to a report issued by the Organization for Economic Cooperation and Development (OECD) on Sunday, Israel ranks low for income, housing market, poverty, and public perception of government...
IMF, World Bank Expect Emerging Market Defaults
The International Monetary Fund (IMF) and the World Bank are meeting to discuss providing billions of dollars in funding to avoid corporate defaults on a global scale. The International...
Zimbabwe Falters amid Severe Drought and Mismanagement
According to the U.N.'s World Food Program, Zimbabwe faces a severe food shortage as a prolonged drought plagues the economy, according to Reuters. The Southern African nation faces its...
IMF: Significant Governance Reforms Give Disenfranchised Nations Greater Say
Five years ago, a number of global powers struck a deal to overhaul the way the International Monetary Fund (IMF) conducts business. This week the IMF officially approved those...
Mortgage Applications Rise as Treasury Yields Fall
Despite efforts from the Federal Reserve to drive interest rates higher, lower expected borrowing costs and sliding inflation are lowering Treasury yields and may make mortgages cheaper. Mortgage applications...
Norway Stays Afloat in a Tougher Oil Market
Norwegian officials met earlier this week to assess the state of Western Europe's economy and Norway's struggle in a low-priced oil market, according to Bloomberg. Leaders are choosing to...