The US economy is remarkably strong. But, borrowing costs are high and many Americans can’t afford to buy a home. The American economy is booming. Inflation is down, the job market is strong and wages are rising. Yet, many people in the US do not feel better off now than when Joe Biden took office … Read more
The US economy is on a tear, and it has pulled far ahead of the rest of the world. Geopolitical tensions, the pandemic’s lingering aftershocks, high inflation and steep borrowing costs. Countries across the globe have faced multiple crises for months. And just last year, the world’s biggest economy, the United States, was at risk of … Read more
IMF upgrades growth outlook for Russia and downgrades expectations for the eurozone. The International Monetary Fund predicts strong growth for Russia’s economy this year, despite sanctions imposed for its invasion of Ukraine. European nations trail well behind Russia in the IMF growth forecast. What’s behind these figures? Presenter: Adrian Finighan Guests: Chris Weafer – chief … Read more
They may weigh a maximum of 500 grammes (one pound) and only grow to 10 centimetres (four inches), but the farming of giant snails is proving to be big business in the Ivory Coast. Considered a delicacy for their tasty flesh, the giant snails are also used to make cosmetics manufactured from their slime and … Read more
Israel’s war on Gaza has depleted the Israeli workforce and forced businesses to close. Israel started its war on Gaza with deep pockets: $200bn dollars in reserves and billions in military aid from the United States. But spending is skyrocketing, revenues are falling and borrowing costs are increasing. Israel’s central bank says the war has … Read more