Introduction The central bank of Sri Lanka has taken the market by surprise with a decision to cut interest rates, signaling a shift in strategy aimed at revitalizing the country’s economic recovery. This move reflects growing confidence that Sri Lanka’s worst financial crisis is behind it, with inflation easing, government revenues improving, and the pressure…
Introduction According to insider sources, President Recep Tayyip Erdogan has chosen Mehmet Simsek as the new Treasury and Finance Minister of Turkey. This decision is seen as an effort to rebuild trust in the country’s economy after years of unconventional economic policies that led to high inflation. Simsek, known for advocating conventional economic principles, is…
Introduction Amidst the ongoing conflict between Ukraine and Russia, the United States has gradually expanded its support to Ukraine’s military capabilities, defying Russian leader Vladimir Putin’s warnings and bluffs. The provision of weapons such as Javelin and Stinger missiles, HIMARS rocket launchers, advanced missile defense systems, drones, helicopters, M1 Abrams tanks, and soon, fourth-generation fighter…
Introduction Tesla (TSLA), a global electric vehicle (EV) company, has recently implemented a discount strategy on its inventory vehicles in the United States to entice consumers. The discounts, particularly for Model 3 vehicles, have doubled in value in the past weeks, reflecting the company’s efforts to work through its supply of unsold vehicles. However, while…
Introduction: Texas, a state known for its abundant energy resources, is asserting its support for the bitcoin mining industry through the passage of two bills during the latest legislative session. These bills aim to provide incentives and assistance to miners, establishing Texas as an attractive destination for mining operations. However, the industry faced a potential…
Introduction There has been a surge in the amount of money flowing into money market funds, driven by higher interest rates and investors seeking greater cash returns. With over $5 trillion invested in these funds, it is expected that this cash will eventually make its way back into the stock market, boosting asset prices as…
Introduction The recent wave of agreements between countries to settle trade in their local currencies is indicative of a growing trend towards de-dollarization. Brazil and China, India and Malaysia, and even the traditionally US-aligned France are seeking alternatives to the dollar for international transactions. This shift is driven by concerns that the US is weaponizing…
Introduction Global stocks and commodities experienced gains on Friday, while the US dollar faced its largest weekly drop since January. The positive market sentiment was driven by indications that the Federal Reserve may not raise interest rates at its next meeting and the approval of US debt ceiling legislation. Investors are now eagerly awaiting the…
Introduction The eagerly anticipated May jobs report, scheduled for release on Friday, is expected to reveal a slowdown in job growth compared to the previous month. As Wall Street awaits the release of this crucial economic data, analysts and investors are speculating on its potential impact on the Federal Reserve’s decision regarding interest rates at…
KYIV, UKRAINE – As the conflict between Russia and Ukraine continues to escalate, a fresh wave of assaults left three more dead in Kyiv, including a nine-year-old girl and her mother, denied access to an air raid shelter. Concurrently, shelling in western Russia led to several injuries and prompted a round of evacuations. This marked…