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Senegal is at loggerheads with the International Monetary Fund (IMF) over a bailout it urgently needs to plug a gaping hole in its public finances. While the IMF wants the West African nation to undertake a painful restructuring before it will agree to a bailout, Senegal, which was recently downgraded to deep within “junk bond”…
A handful of opposition abstentions allowed Carney and minority Liberals to advance a deficit-boosting budget aimed at countering US tariffs. Published On 18 Nov 202518 Nov 2025 Click here to share on social media share2 Share Prime Minister Mark Carney’s minority government narrowly survived a confidence vote on Monday as Canadian lawmakers endorsed a motion…
The IMF says global public debt could exceed 100% of GDP by the end of the decade. Governments around the world now owe nearly $100 trillion in public debt. That’s almost double what they owed just a decade ago. The International Monetary Fund warns that by 2029, global debt will surpass 100 percent of the…
NewsFeed Argentina’s President Javier Milei sang to his supporters after early results showed he had won the country’s midterm elections, bolstering his push for radical economic reforms closely watched by the US. Published On 27 Oct 202527 Oct 2025 Click here to share on social media share2 Share Source link
The figure amounts to roughly $111,000 of debt for every person in the US, think tank says. Published On 23 Oct 202523 Oct 2025 Click here to share on social media share2 Share The United States national debt has topped $38 trillion, as the gap between government spending and revenues in the world’s largest economy…
The central bank said deal was part of a comprehensive strategy to help it respond to forex and capital markets volatility. Published On 20 Oct 202520 Oct 2025 Click here to share on social media share2 Share The Central Bank of the Argentinian Republic (BCRA) said it has signed a $20bn exchange rate stabilisation agreement…
The United States Supreme Court says it will hear arguments over President Donald Trump’s efforts to remove Federal Reserve Governor Lisa Cook from her post. The court’s announcement means Cook will stay in the job for now. The high court announced the decision on Wednesday. Recommended Stories list of 4 itemsend of list The White…
Sri Lanka is undergoing one of the most complex economic recoveries in its history. The country’s financial collapse in 2022 was precipitated by a toxic mix of unsustainable borrowing, poor fiscal management, and external shocks. Mass protests erupted under the banner of Aragalaya, a broad-based citizens’ movement demanding accountability, economic justice, and an end to…
On July 3, the United States House of Representatives passed President Donald Trump’s signature tax cut and spending package, which he has called the “One Big Beautiful Bill“. The bill combines tax reductions, spending hikes on defence and border security, and cuts to social safety nets. Democratic Minority Leader Hakeem Jeffries warned that the bill “hurts…
The United States Federal Reserve has left its benchmark rate unchanged despite mounting pressure from President Donald Trump to cut rates. On Wednesday, the Fed said it will leave its short-term rate steady at 4.25 percent to 4.5 percent. The central bank’s decision was largely in line with expectations, and it has not cut interest…
