Category: Finance & Tax
Germany burdened with €2.4 trillion in public debt, new all-time high
Ongoing spending to fight the energy crisis and the COVID-19 pandemic has pushed Germany’s public debt to a historic high of nearly €2.4 trillion, Spiegel…
United Airlines reports record quarterly earnings and raises its full-year forecast
United Airlines Holdings (UAL.O) on Wednesday lifted its full-year profit outlook after posting the highest ever quarterly earnings on booming demand for international travel Its shares rose…
South Korea’s exports fell in June for the ninth consecutive month
South Korea’s exports fell more than predicted in June, extending a nine-month decline, while the trade balance shifted to a surplus for the first time…
Germany’s government debt has reached an all-time high
In the first quarter of 2023, Germany’s government debt reached a new high of €2.4 billion ($2.63 billion), official figures revealed Government debt climbed by…
Somalia, 21 million dollars disappear from the state treasury
The inquiry into corruption in Somali governmental organizations has shown that 21 million dollars have vanished from the state coffers. The stolen $21 million, according…
The United States avoids “bankruptcy,” as the Senate approves raising the debt ceiling!
The US Senate approved the measure to allow the US to continue paying its bills by a vote of 63 to 36. The bill now…
Germany falls into recession as high inflation continues to hit the economy
According to the BBC, ongoing inflation has caused Germany to experience a recession for the first three months of this year. Germany GDP 2023 pic.twitter.com/FvHTXafj8u…
Argentina’s inflation rate exceeds 108% in a year, fueled by the textile and food industries
Prices climbed 8.4% in April alone, the most in at least two decades. Argentina’s inflation rate reached an all-time high of 108% year on year,…
The South African rand has recovered some ground versus the US dollar
JOHANNESBURG, May 15 (Reuters) South Africa’s rand strengthened on Monday, recovering from an all-time low versus the US dollar last week, when investors were alarmed…
The debt ceiling and President Biden’s trips abroad
Debt-ceiling talks in the United States might jeopardize President Biden’s intentions to attend the G7 conference in Japan and the four-party summit in Australia. The…