World Economy

Birmingham, UK’s second-largest city, declares itself bankrupt

The council have blamed a £760 million bill for equal pay claims, problems installing a new IT system and £1 billion in government cuts for its problems.

Scroll Staff
· Sep 07, 2023 · 03:34 pm
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

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