Economy

The landscape of French politics has shifted dramatically over the past few decades, leading to the appointment of Francois Bayrou as the new Prime Minister under President Emmanuel Macron. Coupled with the political challenges of a fractured parliament and the pressing need to navigate intricate fiscal responsibilities, Bayrou finds himself in a precarious position. This

Artificial intelligence (AI) is no longer a futuristic concept; it is actively reshaping the contours of the global economy. As we edge closer to 2025, insights from analysts underscore the transformative power AI could wield across various sectors. Particularly, the United States is anticipated to take the lead in this rapid evolution, driven by increasing

The U.S. Postal Service (USPS) has faced continuous financial turmoil over the past decade, reporting staggering losses exceeding $100 billion since 2007. For the fiscal year that ended on September 30, USPS recorded a net loss of $9.5 billion, marking a worrying trajectory that escalated from the previous fiscal period. This figure reflects not just

Ghana’s political landscape is poised for significant transformation following the recent election of President-elect John Dramani Mahama. Having previously served as president, his return to power represents a critical juncture as Ghana grapples with economic challenges, particularly rising inflation and currency depreciation. Mahama’s pledge to revise the $3 billion rescue package from the International Monetary

In the intricate dance of global trade, the possibility of a new trade war has become a focal point for analysts and policymakers alike. Analysts at UBS have identified a multistage process that could shape the landscape of international trade in the upcoming years, segmented into three key phases: the “tweet phase,” the “imposition phase,”

In a groundbreaking move, Telefonica has announced a partnership with Epic Games, the developer of the popular video game “Fortnite,” to pre-install the Epic Games Store on select Android devices. This arrangement signifies a major shift in how mobile gamers in Spain, the UK, Germany, Mexico, and Spanish-speaking Latin America will access their favorite game

The forthcoming deliberations of the U.S. Supreme Court regarding the case involving the Catholic Charities Bureau of Wisconsin potentially signal a pivotal shift in the landscape of religious exemptions from state taxation. This case emerges from a larger context—a clash between state regulations and constitutional rights, which has been a persistent debate within American judicial

As we approach the end of the year, financial markets are gearing up for a period filled with significant developments. Central banks in major economies are set to announce their monetary policies, while Germany’s government faces a pivotal vote of no confidence. This article aims to explore the implications of these events on global markets

In a noteworthy moment for Wall Street, the markets experienced a slight dip on Thursday as investors took stock of vital economic indicators in anticipation of the upcoming Federal Reserve meetings. The tech-heavy Nasdaq had recently surpassed the 20,000-point threshold for the first time, showcasing a remarkable rally primarily driven by technology stocks. Concurrently, the

Iberdrola, a prominent Spanish utility company, is reportedly exploring the sale of its smart metering division in the United Kingdom as part of a larger strategy to maximize its investments in energy infrastructure. Sources familiar with the matter indicate that Iberdrola is aiming to secure approximately £1 billion ($1.27 billion) from this sale. The initiative

European stock markets experienced a slight downturn on Thursday as investors positioned themselves for anticipated monetary policy changes from the European Central Bank (ECB). The pan-European STOXX 600 index, which had a promising start to the day, eventually fell by 0.1%. This decline reflects broader market apprehensions surrounding the economic landscape in the eurozone, marked

In November, the U.S. government recorded a striking budget deficit of $367 billion, a figure that marks a 17% increase from the same month the previous year. The surge in the deficit can primarily be attributed to calendar adjustments concerning benefit payments, which inflated outlays by nearly $80 billion compared to November 2023. The Treasury