Economy

The Bank of England recently released a report indicating that British mortgage holders and businesses are managing to cope with the current high interest rates. Despite challenges in the global financial risk environment, the overall debt levels in the UK are significantly lower than those experienced during the 2008 financial crisis. The BoE highlighted concerns
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The ongoing strength of the dollar has been a key point of focus in the recent global currency dynamics. The yen, in particular, has been struggling to maintain its value, with the threat of intervention from Japanese authorities looming large. The current exchange rate of 151.25 per dollar for the yen has raised concerns, especially
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China is being urged to take decisive action to reinvent its economic policies in order to address the ongoing property market crisis and enhance domestic consumption and productivity, according to the International Monetary Fund’s Managing Director Kristalina Georgieva. Georgieva emphasized the need for China to choose between sticking with traditional policies that have been effective
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Slovakia is currently in the midst of a presidential election that has the potential to significantly impact the country’s political landscape. Prime Minister Robert Fico is seeking to consolidate his power by installing an ally, Peter Pellegrini, as the next president. This move could give Fico more control over key aspects of governance, such as
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