FX Leak

Russia’s central bank, led by Governor Elvira Nabiullina, is cautiously considering interest rate cuts to stimulate economic growth. However, Nabiullina emphasized that the bank would need two to three months of evidence showing a consistent decline in inflation before making any decision. In this article, we will analyze the central bank’s approach, scrutinize its handling

Russia is currently facing a significant labour shortage, with experts and research from the Russian Academy of Science’s Institute of Economics estimating a deficit of around 4.8 million workers in 2023. This shortage is expected to persist in 2024, posing a threat to the country’s economic growth. The depletion of the labour force can be

In a surprising move, the Central Bank of Nigeria (CBN) has lifted the ban on transacting in cryptocurrencies, signaling a significant shift in the country’s approach to digital assets. The ban, which was implemented in February 2021, prohibited banks and financial institutions from dealing in or facilitating transactions in crypto assets due to concerns over

The United States has recently reopened two rail crossings between Texas and Mexico, which were temporarily closed in response to increased migrant traffic. This development comes as new data reveals that the number of migrants encountered at the southern U.S. border remains high. The closures of these rail crossings had significant implications for industries such

OpenAI, a prominent artificial intelligence (AI) research lab, is reportedly in the early stages of discussions to raise a new round of funding at a valuation of $100 billion or higher. This potential funding round, which has yet to be finalized, could have significant implications for the company and the AI industry as a whole.

U.S. stocks closed on a mixed note as investors prepared for the Christmas holiday weekend. The market reacted to cooler-than-expected inflation data, which increased the likelihood of Federal Reserve interest rate cuts in the coming year. While the Nasdaq and S&P 500 ended in positive territory, the blue-chip Dow finished slightly lower. As the afternoon

The recent report from the Commerce Department on falling U.S. prices in November has raised concerns about inflation and its impact on the economy. The decline in prices, coupled with cooling underlying inflation pressures, has led to speculation about an interest rate cut from the Federal Reserve next March. This article will analyze the implications

China, as one of the world’s largest economies, has been grappling with the consequences of the COVID-19 pandemic. In an effort to revive its flagging economy, the country has announced a bond issuance and investment plan. Recently, the National Development and Reform Commission (NDRC) revealed the identification of a second batch of public investment projects.

President Joe Biden has taken a significant step in bolstering the country’s defense capabilities by signing into law the U.S. defense policy bill. This legislation, known as the National Defense Authorization Act (NDAA), authorizes a record-breaking $886 billion in annual military spending. Additionally, it outlines crucial policies aimed at addressing global challenges, such as support

In the midst of the holiday season, global stock indexes experienced mostly positive gains while the U.S. dollar reached a near five-month low. This trend was supported by recent cooler-than-expected U.S. inflation data, which further strengthened the belief that the Federal Reserve may reduce borrowing costs in the new year. As the market prepares for