A study of 160 countries, spanning 60 years of economic history, establishes that there is no country that has been able to transition from “poor to prosperous” without a high savings rate. And that households…
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Have you ever wanted to make a $150,000 gamble? If you’re right, you open a new window to the universe. But if you’re wrong, you’ve just wasted a lot of money and time. That is…
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By Darya Korsunskaya (Reuters) – Russia’s economy ministry has revised up its 2024 forecasts for export sales of oil and gas, key sources of budget revenues, by $17.4 billion from the previous estimate to $239.7…
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For the past 11 years the South African government has pursued a policy of austerity. In recent years, government has reduced per capita spending (adjusted for inflation) by significant amounts. Spending on public services, for…
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Data collected by the European Central Bank (ECB) is pointing towards a September rate cut, board member Piero Cipollone told Le Monde on September 4. Although he did not commit to a monetary policy path,…
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By Nicole Jao and Colleen Howe (Reuters) -Oil prices ticked up in Asian trading on Friday, with investors exercising caution ahead of key U.S. employment data as they weighed a big withdrawal from inventories and…
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CC BY-ND The official U.S. food insecurity rate rose to 13.5% in 2023 from 12.8% in 2022, according to data the U.S. Department of Agriculture released on Sept. 4, 2024. That means more than 1…
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Using information from inside the rocks on Earth’s surface, we have reconstructed the plate tectonics of the planet over the last 1.8 billion years. It is the first time Earth’s geological record has been used…
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Investing.com — Oil prices reversed gains Thursday, shrugging off a much larger decline in weekly crude stocks and OPEC+ delaying plans to ramp up output by two months. At 14:02 p.m. EST (1802 GMT), Nymex…
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FSB Secretary General, John Schindler, spoke about tokenisation, artificial intelligence and non-bank financial intermediation during a session on Digital Finance, AI and Financial Stability at the 2024 Global Economy and Financial Stability Conference, held…
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