Powell’s actions have caused a flood of money to flee the shores of other countries for safer American investments that offer a much more attractive payoff because the U.S. now has its highest interest rates since 2008. A stronger dollar means the cost for Europeans of heating their homes and […]
4 features of new economy
Western sanctions on Moscow are working, says Russian economy veteran – National
Russia’s economy was on track to expand by five to six per cent in 2022 had Western sanctions not derailed growth for years and ushered in a period of technological stagnation, Russian economy veteran Oleg Vyugin told Reuters. Vyugin said there had been no catastrophe, with the sweeping sanctions imposed […]