According to Bloomberg, the People's Bank of China slashed key interest rates on August 15, for the second time in the previous three months. The bank reduced the one-year funds rate by 15 basis points this time, from 2.65% to 2.5%. This reduction is the most since 2020. The rate is presently at its lowest point since it was initially established in 2014. On August 15, the bank also reduced the...

Preliminary estimates of the country's government show that Japan's GDP rose by 6% on an annualized basis in the second quarter (assuming GDP had expanded at the same rate for four consecutive quarters). According to DailyFx's poll of analysts, growth would only be 3.1%. Japan's first quarter GDP increased by 3.7% year over year, and its fourth quarter GDP increased by 0.2%. Second-quarter...

The payments were due on August 11. Niger failed to pay $19 million In order to repay the subsequent issuing of its government bonds, UMOA-Titres, a credit structure of the West African Economic and Monetary Union (WAEMU), said. The payments were expected on August 11. After being sanctioned by the Economic Community of West African States (ECOWAS) and the Union of the African Monetary...

89 people died in flames on the Hawaiian island of Maui, which made the current wildfires the worst in the US in more than a century. According to Reuters, the number of people killed in the Maui wildfires in Hawaii has increased to 89, which made the current events the worst in the country in more than a century. Local officials issued a warning that the number of victims might increase. The...

The US's help to Ukraine, according to US Treasury Secretary Janet Yellen, "will be a catalyst for further financial assistance from other countries and international financial institutions." The United States hopes to raise $200 billion through international financial institutions (IFIs) to aid developing nations like Ukraine, told US Treasury Secretary Janet Yellen. According to her, the...

The House Committee on Oversight and Reform revealed funds received from Russia, Kazakhstan, and Ukraine. Republican from Kentucky and chairman of the House of Representatives' Committee on Oversight and Reform James Comer asserts that during Joe Biden's time as Vice President, his family received illegal payments totaling more than $20 million, including from businessmen from Russia, Kazakhstan,...

Prime Minister Chris Hipkins announced a deal with American financial firm BlackRock. The government of New Zealand has set aside $1.2 billion to pay towards the conversion of the nation's energy grid to renewable energy sources, said Chris Hipkins, the nation's Prime Minister. Hipkins noted that the country would collaborate with one of the major investors in climate infrastructure and clean...

The international rating organization Moody's has lowered Niger's rating by two notches, from B3 to Caa2. It is expected to get worse, writes the local newspaper Business Day. According to Moody's, the sanctions imposed by the West African Economic and Monetary Union and the Economic Community of West African States will prevent the nation from making its debt payments, which is by definition a...

Former US President Donald Trump said he might receive six life sentences or 561 years in prison as per the charges against him. "Crooked Joe is in command of the dishonest U.S. Justice Department, which has unlawfully filed accusations against me once more. According to some reports, the left's relentless witch hunt could result in my serving a total of 561 years in prison. Six lifetime...