The U.S dollar climbed to a 20-year high against other major currencies on Monday after Federal Reserve Chair Jerome Powell signalled interest rates would be kept higher for longer to bring down…

Egypt's new central bank governor, Hassan Abdalla, faces a daunting task as he tries to repair an economy derailed by an overvalued currency, rampant inflation, and a banking system emptied of most…

The passage of the Biden Administration’s climate change package, the so-called “Inflation Reduction Act,” has predictably split along partisan lines, with Republicans characterizing the bill as an…

Oil hit a six-month low on Wednesday after a brief rally as concerns about the prospect of a global recession that would weaken demand overshadowed a report showing lower U.S. crude and gasoline…

Know why you must cut costs, envision the company's future, set a cost reduction target, keep those who are essential to your future, and conduct layoffs with respect. Business leaders these days…

Two years ago, I predicted in Foreign Affairs that the COVID-19 recession, coming on top of the financial crisis of 2008, would lead rich democracies to redefine the outer limits of their monetary…

Over a year into U.S. President Joe Biden’s first term, the United States is still fighting former President Donald Trump’s economic wars. Biden’s rhetoric is less extreme and more polite, but his…

Iranian state television reported that “thieves cut into the vault of a branch of Bank Melli (Persian for National Bank) from a neighboring building in Tehran.” As a result, hundreds of Iranians lost…

Recently, many editorials of leading American newspapers criticized President Joe Biden for his repeated claims that the Russian invasion of Ukraine was the main cause for the staggering inflation…

Turkey's lira dipped 0.4% against the dollar on Tuesday as concerns over rampant inflation were stoked by President Tayyip Erdogan's pledge to continue cutting interest rates. In a Monday evening…