Thursday, April 18, 2024

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Thursday, April 18, 2024 | Back issues

Economy

UN says solutions exist to rapidly ease debt burden of poor nations

Agence France-Presse / April 18, 2024

Secretary General Rebeca Grynspan said the dire situations many countries face stem more from cascading crises suffered during the Covid-19 pandemic than from government mismanagement.

EU inflation slides down to 2.6%

Amanda Pampuro / April 17, 2024

Decreases in energy costs continue to help curb inflation across the European Union.

EU must act quickly to catch up to US, warns report author

Agence France-Presse / April 17, 2024

Growth figures for the EU and U.S. economy illustrate the difference. The bloc grew by a mere 0.5% in 2023, compared with 2.5% in the United States.

Scholz urges China to use Russia ‘influence’ to end Ukraine war

Agence France-Presse / April 16, 2024

Scholz said in talks with Xi on Tuesday "the Russian war of aggression in Ukraine and Russia's arms build-up have a very significant negative impact on security in Europe," according to a recording provided by the chancellor's office.

EU industrial production down 5% in last year

Amanda Pampuro / April 15, 2024

The European Union tracks industrial production as a measurement of the economy.

For second time, Argentine workers call nationwide strike over Milei austerity measures

Ella Feldman / April 12, 2024

Union leaders are demanding higher wages in the face of President Javier Milei’s drastic austerity measures.

Markets plummet as likelihood of June rate cut dissipates

Nick Rummell / April 12, 2024

Wall Street suffered the biggest sell-off of the year, as noisy inflation data has investors increasingly worried interest rate cuts will come later than originally predicted, if they come at all in 2024.

Higher gas and rents keep US inflation elevated, likely delaying Fed rate cuts

Associated Press / April 10, 2024

The March figures provide concerning evidence that inflation is stuck at an elevated level after having steadily dropped in the second half of 2023.

Global warming will ‘decimate’ G20 economies without unity: UN climate head

Agence France-Presse / April 10, 2024

G20 nations are responsible for 80% of planet-heating emissions "and must be at the core of the solution," Simon Stiell said.

Biden overstepped with student loan repayment plan, Missouri attorney general says

Joe Harris / April 9, 2024

A coalition of states says the president is unfairly pushing the SAVE plan's up to $1 trillion price tag onto working Americans.

Finland introduces social security cuts despite human rights warnings

Mie Olsen / April 9, 2024

Human rights groups warn that new cuts will cause a rise in relative poverty among young adults, single parents and elderly, working-aged people who live alone.