US shuts down Signature Bank – second lender to fail in three days

The New York-based bank had assets valuing more than $110 billion dollars, making it the third largest lender to have collapsed in the US’ history.

Scroll Staff

· Mar 13, 2023 · 08:50 am

Recession will hit one-third of world economy in 2023, says IMF chief

The US, the European Union and China are all slowing simultaneously, International Monetary Fund chief Kristalina Georgieva said.

Scroll Staff

· Jan 02, 2023 · 06:31 pm

UK faces longest recession since records began, warns central bank

The Bank of England announced its biggest interest rate hike since 1989 after consumer price inflation rose to a 40-year high in September.

Scroll Staff

· Nov 04, 2022 · 11:08 am

From Pakistan to Ghana, the whole world is facing a debt crisis

Richer countries like the US and China can help developing countries steer clear of this mess. But will they?

Patrick E. Shea, The Conversation

· Oct 30, 2022 · 09:30 pm

These four issues will shape the world economy for the next few years

Will tensions ease and the economy recover or is the world headed for more turmoil?

David Bach, The Conversation

· Oct 29, 2022 · 11:30 pm

Economic bailout of Sri Lanka shouldn’t cause more pain to its citizens

Bailouts can’t be called fair until they stop rewarding political elites for their poor policy choices.

Sayantan Ghosal, The Conversation

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Dania Thomas, The Conversation

· Apr 27, 2022 · 01:30 pm

Why the global system for rating companies’ ethical credentials makes no sense

Unlike financial reports, there is no legal requirement for ESG disclosures to be assured by certified public accountants.

Marc Lepere, The Conversation

· Apr 09, 2022 · 11:30 pm

Will 2022 be the year when the global (and Indian) economy recovers from the pandemic?

Will there be a proper pandemic recovery?

Muhammad Ali Nasir, The Conversation

· Jan 06, 2022 · 09:30 pm

Ease of doing business: China’s rank drops as World Bank corrects ‘irregularities’, India unaffected

The ratings of United Arab Emirates and Saudi Arabia were also downgraded, while Azerbaijan saw an improvement.

Scroll Staff

· Dec 19, 2020 · 11:01 am

Covid-19 has disrupted the global supply chain – and that’s bad news for the UK

The protectionist mindset sparked by the Brexit movement has not helped.

Uma S Kambhampati, The Conversation

· May 01, 2020 · 11:30 pm

World Bank says India retains top spot in remittances in 2018: Report

The Indian diaspora sent $79 billion home.

Scroll Staff

· Apr 09, 2019 · 09:51 am

Seven charts that show the world is becoming a better place

A look at key data shows that the world is much better off today than ever before in history.

Julius Probst, The Conversation

· Jan 16, 2019 · 09:30 pm