In a significant move that is set to reshape Malawi’s economic landscape, the country’s currency, the Kwacha, has undergone a substantial devaluation of 44%. This adjustment, which shifted the exchange rate from K1,180 to K1,700 against the US dollar, was announced on Thursday and is expected to exert considerable strain…

According to investors, Tuesday’s inflation report was something to celebrate.  After the latest numbers from the Labor Department showed that consumer prices didn’t rise as fast as expected in October, the Dow Jones Industrial Average DJIA jumped nearly 500 points and the S&P 500 SPX and Nasdaq Composite COMP posted…

In a recent evaluation, the International Monetary Fund (IMF) highlighted a surge in economic growth for Honduras, anticipating a 3% increase by the end of the year. This forecast comes despite challenges such as rising oil prices and a trend of decreasing inflation. During their visit earlier this week, IMF…

The numbers: The Philadelphia Fed said Thursday its gauge of regional business activity improved slightly to negative 5.9 in November from negative 9 in the prior month. Any reading below zero indicates deteriorating conditions.  Economists polled by the Wall Street Journal expected a negative 7.5 reading in November. This… Read…

In a recent Beijing video call, Raghuram Rajan, the former governor of the Reserve Bank of India, highlighted the crucial need for India to surpass 8% economic growth to generate sufficient jobs for its burgeoning population. This statement comes as India experiences a steady recovery from the pandemic, marked by…

The numbers: The number of Americans who applied for unemployment benefits last week jumped to a three-month high of 231,000, suggesting some softening around the edges of a strong U.S. labor market. New jobless claims climbed 13,000 from a revised 218,000 in the prior week, the government said. Claims still…

In the United Kingdom, recent GDP figures have sparked discussions among economic experts, indicating a stagnant but non-recessionary economy amidst high inflation rates. highlighted the challenges faced by the UK in a tough economic climate. Despite these challenges, the chancellor expressed optimism to Sky News, suggesting that the cost-of-living crisis…

The numbers: The cost of imported goods fell 0.8% in October and reversed some of the increase in the prior two months as oil prices declined. Economists polled by the Wall Street Journal had estimated a 0.3% drop. If fuel is set aside, import prices declined by a smaller 0.2% last…

ROME (Reuters) – The next summit of G7 leaders will take place on June 13-15, Italian Prime Minister Giorgia Meloni said on Friday. The meeting will take place in Borgo Egnazia, a resort in the southeastern Puglia region, Meloni said on social media. Read the full article here

The Republicans working on taking President Joe Biden’s job all have said he was wrong to try to cancel up to $20,000 in student debt for a wide swath of U.S. borrowers.But while they all agree on the Democratic incumbent’s forgiveness plan, which was blocked in June by the Supreme Court,…