US job growth slows to 12,000 in October due to hurricanes and Boeing strike
The US labour market saw its slowest job growth since late 2020, with only 12,000 jobs added in October due to disruptions from storms in the Southeast and an ongoing…
Economy
1086 posts
Can betting markets accurately predict the 2024 US Presidential election results?
Betting platforms like Polymarket and Kalshi have surged into the limelight, reporting millions in bets placed on the upcoming presidential elections. Many are left wondering what caused this surge in…
Milei’s tax amnesty program brings $18 billion to Argentina’s banks
Argentina’s tax amnesty program, launched by President Javier Milei, has successfully attracted about $18 billion back into local banks. This initiative encourages residents to deposit foreign currency they had kept…
Why record numbers of Americans are giving up citizenship
Renouncing US citizenship is on the rise, driven by tax burdens, bureaucratic hurdles, and unique challenges for “accidental Americans.” As recent data shows, nearly 6,000 Americans gave up their citizenship…
Rusal’s new claims against Nornickel’s Potanin: what’s at stake for shareholders?
The legal conflict between Rusal, one of the world’s largest aluminium producers, and Nornickel’s CEO, Vladimir Potanin, is escalating with fresh claims filed in London. Rusal’s new claims against Nornickel’s…
Delhi’s AQI crosses 300: how is air pollution impacting India’s economy?
As Diwali celebrations recede, Delhi’s air quality remains in the “very poor” category and is expected to deteriorate further. The pollution crisis has escalated concerns not only for public health…
IMF warns of rising risks to Asia’s economy – here’s why
The International Monetary Fund (IMF) has issued a stark warning about growing economic risks across Asia, pointing to challenges like intensifying trade conflicts, China’s slowing property market, and the potential…
Istanbul provides free public transport for unemployed residents as transit costs rise
The city of Istanbul is offering free public transport to unemployed residents registered with local employment centers, benefiting nearly 237,893 individuals in the initial phase. Each eligible job seeker will…
Gold rises on safe-haven demand as copper prices plunge in October
Gold prices recouped some of Thursday’s losses and remained near record levels due to increased safe-haven demand ahead of US elections next week. The political uncertainty surrounding the outcome of…
Florida’s $800M in crypto investments could grow under a Trump presidency, says CFO
Florida’s Chief Financial Officer, Jimmy Patronis, has expressed optimism about the potential for the state’s cryptocurrency investments to expand, particularly if Donald Trump is elected president again. Currently, Florida has…