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For first time since 2002, Euro falls below dollar parity

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The euro dropped below parity against the dollar on Wednesday for the first time in almost two decades, as a hawkish U.S. Federal Reserve...

Global debt passes $300 trillion. Does it matter for us?

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Global debt passed $300 trillion in 2021, the Institute of International Finance said. This is a further jump from record global debt in 2020 of...

UN warns of global famine risk

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Geneva, July 6: The number of people going hungry in the world has risen by 150 million since the start of the Covid pandemic,...

US economy will narrowly avoid recession in 2022 and 2023: IMF

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The US economy is likely to slow in 2022 and 2023 but will “narrowly avoid a recession” as the Federal Reserve implements its rate-tightening...

Tough times ahead for global economy – top economists

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Geneva, June 21: A group of chief economists expect high inflation, greater food insecurity and lower wages to persist in 2022. These are the key...
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