The IMF says global public debt could exceed 100% of GDP by the end of the decade. Governments around the world now owe nearly $100 trillion in public debt. That’s almost double what they owed just a decade ago. The International Monetary Fund warns that by 2029, global debt will surpass 100 percent of the … Read more
Thousands of people have taken to the streets in Athens and other Greek cities as a 24-hour general strike to protest against the rising cost of living shut down public services and part of Greece’s transport network. About 15,000 people marched in the capital on Wednesday while another 4,000 demonstrated in Greece’s second largest city, … Read more
Image source, Getty Images Image caption, The Indian capital is reeling under a prolonged heatwave Article information Author, Cherylann Mollan Role, BBC News, Mumbai 8 hours ago India’s capital Delhi is reeling under a prolonged heatwave that has sent power demand soaring to a record 8,647 megawatts (MW) this week. Temperatures have hovered around 44-45C … Read more
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