USD/CAD: hedge funds trim loonie short bets ahead of BoC decision
The USD/CAD exchange rate has retreated sharply in the past few weeks as the Canadian dollar rally has gained momentum...
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Politics
Kamala Harris to propose $50,000 tax break for new small businesses: What you need to know
Vice President Kamala Harris is set to unveil a bold economic proposal on Wednesday that could significantly impact new small...
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Australia’s economy remains sluggish as consumer spending declines
Australia’s economy showed signs of persistent weakness in the second quarter of 2024, with gross domestic product (GDP) growing by...
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Zurich Cantonal Bank (ZKB) rolls out Bitcoin and Ethereum trading services
Zurich Cantonal Bank (ZKB), Switzerland’s fourth-largest bank, has entered the cryptocurrency market, offering trading and custody services for Bitcoin and...
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The $35-trillion elephant in the room: US debt is sinking America
America’s debt has ballooned to an eye-watering $35 trillion, and the cost of servicing that debt is now over $3...
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Job openings in US fall to lowest level since 2021, JOLTS data shows
Job openings in the United States dropped more than expected in July, reflecting a cooling labor market and further cementing...
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Volkswagen considers factory closures: What it means for Germany’s manufacturing sector
Germany’s manufacturing industry is facing a critical juncture as Volkswagen and Intel weigh significant operational changes. Volkswagen, a cornerstone of...
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Brazil’s PMI decline to 52.9 in August highlights sluggish private sector activity
Brazil’s economic momentum experienced a sharp reversal in August, as indicated by the S&P Global Composite PMI. After reaching a...
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Russian official reveals Turkey’s BRICS ambitions: How will the US respond?
Turkey’s bid to join the BRICS bloc—comprising Brazil, Russia, India, China, and South Africa—has stirred global interest and concern. According...
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