Bank of Japan takes a step toward allowing interest rates to rise, saying it will be more flexible in managing its bond market.
Tag: Economic Conditions and Trends
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Wildfires in Greece Raise Fears of Tourism Collapse
The fiercest wildfires have hit only parts of a few islands. But the effects of climate change pose a far wider threat to Greece’s tourism industry.
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Global Economy Shows Signs of Resilience Despite Lingering Threats
The International Monetary Fund upgraded its global growth forecast for 2023.
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Russia Strikes Danube Port, Escalating Attacks on Ukraine Grain Routes
The assault, across the river from Romania, heightened the risk of a more direct confrontation with a NATO member and came on the same day that drones struck buildings in Moscow.
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End of Nigerian Fuel Subsidy Fuels Crippling Inflation
In his first two months in office, President Bola Tinubu has ripped the Band-Aid off Nigeria’s ailing economy. Time will tell if it can heal, but for now, Nigerians are feeling the pain.