US Threatens ‘Toughest Sanctions in History’ on Iran as Oil Prices Rise
The United States has threatened to impose what Treasury Secretary Scott Bessent described as the “toughest sanctions in history” on...
Tag Archives: #GlobalEconomy
European Union and Ukraine Convene to Address Black Sea Grain Export Security
High-Level Diplomatic Talks in Kyiv European Union diplomats and Ukrainian government officials met in Kyiv earlier today to address mounting...
Libya Central Bank Governor Naji Issa Resigns Amid Political Divisions
The Governor of Libya’s Central Bank (CBL), Naji Issa, has submitted his resignation to the country’s rival legislative chambers, according...
Middle East Tensions Push Brent Crude Above $90 per Barrel, Raising Global Inflation Fears
Global oil prices climbed above $90 per barrel on Monday as escalating military tensions between the United States and Iran...
Bank of England Holds Interest Rate at 3.75% Amid Global Inflation Pressures
The Bank of England has maintained its benchmark interest rate at 3.75 per cent, choosing to hold steady despite persistent...
EU Set to Warn Member States Over Rising Budget Deficits
The European Union is set to issue fresh warnings to several member states over rising budget deficits as Brussels seeks...
Moody’s Says South Africa’s Debt Burden May Begin Gradual Decline
Moody’s Ratings has projected that South Africa’s government debt could stabilise this year before gradually declining, supported by improving fiscal...
US Trade Deficit Widens to $60.3bn as AI-Driven Imports Surge
The United States recorded a slight increase in its trade deficit in March, as rising imports linked to artificial intelligence...
France Records Zero GDP Growth in Q1 as Domestic Demand and Trade Weigh on Economy
France’s economy recorded zero growth in the first quarter of the year, weighed down by weak domestic demand and a...
Powell to Remain Fed Governor After Chair Term Amid Trump-Era Legal Pressures
Outgoing Chair of the Federal Reserve, Jerome Powell, has announced plans to remain on the Board of Governors after his...