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Economy
Germany’s economy struggles to recover: Are we heading into a lost decade?
October 28, 2024 08:40 PM AEDT| By InvezzGermany’s economy, which is considered the heart of Europe, is showing troubling signs of decline. Once celebrated for its resilience, Germany’s economy now stands out as the slowest-growing among the G7 and Eurozone countries. Recent IMF...
Canada to slash immigration by 20%: what it means for its economy?
October 28, 2024 01:33 AM AEDT| By InvezzAfter years of welcoming immigrants to tackle labour shortages and boost economic growth, Canada is shifting gears. On October 24, Prime Minister Justin Trudeau’s government announced plans to cut immigration, citing the strain on housing, jobs, and...
Brazilian consumer confidence dips in October, revealing mixed signals
October 26, 2024 12:49 AM AEDT| By InvezzIn October, Brazilian consumer confidence suffered a small but significant shift in attitude, as seen by the seasonally adjusted FGV-IBRE Consumer Confidence Index falling by 0.7 points to 93. This adjustment comes after four months of consistent inc...
BRICS 2024: can the expanding bloc truly challenge western dominance?
October 25, 2024 06:46 AM AEDT| By InvezzAs the world watches the latest shifts in global alliances, the 2024 BRICS summit in Kazan, Russia, stands out. It’s not just another gathering of diplomats and world leaders—it’s a showcase of the growing frustration with a Western-dominated system...
UK workers may gain right to strike for a full year under new proposal
October 25, 2024 03:00 AM AEDT| By InvezzThe UK government is considering a significant change to strike legislation that would double the duration for which workers can take industrial action before requiring a new ballot. As of now, when a workforce votes to strike, the mandate lasts for...
Argentina secures $8.8 billion in financing from World Bank, IDB
October 25, 2024 02:56 AM AEDT| By InvezzIn a move to strengthen its economy and tackle urgent social challenges, Argentina has reached an important financing agreement with the World Bank and the Inter-American Development Bank (IDB). The recent announcement from the country’s economy mini...
What is the IMF projecting about the global economies for 2024 and 2025?
October 24, 2024 11:47 PM AEDT| By InvezzThe International Monetary Fund (IMF) has recently released a series of updates to its World Economic Outlook, shedding light on the most recent developments in all economies around the globe. At the forefront are two critical economies: the Un...
DoJ warns Musk: million-dollar giveaway could be illegal
October 24, 2024 07:58 PM AEDT| By InvezzElon Musk’s $1 million-per-day giveaway has come under scrutiny as the US Department of Justice (DOJ) warns it may breach federal election laws. Musk, actively supporting Donald Trump in the presidential race against Kamala Harris, launched this init...
Analysis: What solutions can mitigate the negative impact of lithium mining?
October 24, 2024 07:51 PM AEDT| By InvezzThe slow and dirty process of extracting lithium from rocks and salt water could take a toll on the environment, especially when the world tries to limit carbon emissions. But, the race towards achieving net-zero emissions relies heavily on lit...
Bank of Canada cuts key interest rate by 50 bps to 3.75% amid economic slowdown
October 24, 2024 04:11 AM AEDT| By InvezzIn a significant move, the Bank of Canada cut its benchmark interest rate by 50 basis points, lowering it to 3.75% in its October 2024 decision, as expected, and signalling that it will continue to lower its rate should the economy develop as expecte...
Brazil’s Lula calls for development of alternative payment systems within BRICS
October 24, 2024 03:27 AM AEDT| By InvezzDuring a recent summit, Brazilian President Luiz Inacio Lula da Silva highlighted the necessity of creating new payment systems for the BRICS nations. He stressed the importance of financial independence and suggested that their New Development Bank...
IMF cuts China’s growth forecast to 4.8%, warns property slump could threaten global stability
October 23, 2024 05:13 PM AEDT| By InvezzThe International Monetary Fund (IMF) has revised its growth forecast for China, reducing its projection for 2024 to 4.8%, down 0.2 percentage points from its July estimate. This adjustment comes amid ongoing challenges in China’s property mark...
Why is Amazon shutting down ‘Amazon Today’ same-day delivery service?
October 23, 2024 02:31 PM AEDT| By InvezzAmazon is winding down its ‘Amazon Today’ service, which provided same-day delivery from brick-and-mortar retailers, marking another step in the company’s ongoing cost-cutting efforts, according to a CNBC report. Launched in 2022, the ser...
Elon Musk is giving $1 million daily to swing-state voters — is it legal?
October 22, 2024 10:31 PM AEDT| By InvezzElon Musk, the world’s richest person, has launched a political effort through his America PAC, awarding a daily prize of $1 million to registered voters in swing states. This controversial move is seen as the latest attempt to help former president...
When will the UK budget be announced and what could it include?
October 22, 2024 08:29 PM AEDT| By InvezzChancellor Rachel Reeves is set to deliver Labour’s first budget in 14 years on Wednesday, October 30. The speech, expected to begin at 12:30 UK time, will be closely watched, especially by opposition leader Rishi Sunak, who will respond immediately...
Citi Research raises 3-month gold price forecast to record $2,800 per ounce
October 22, 2024 07:34 PM AEDT| By InvezzCiti Research has raised its three-month forecast for gold prices, citing a weaker labor market in the US and more rate cut expectations by the Federal Reserve. The bank has raised its three-month forecast for gold to $2,800 per ounce from $2,700 per...
When will US election results be declared? Key dates to watch
October 22, 2024 03:50 PM AEDT| By InvezzThe highly anticipated 2024 US presidential election between Republican candidate Donald Trump and incumbent Vice President Kamala Harris, representing the Democrats, is set for November 5. With the political stakes high and several critical events u...
Japan’s DPP leader promises crypto tax cuts and regulatory reforms ahead of elections
October 21, 2024 09:16 PM AEDT| By InvezzThe Leader of Japan’s Democratic Party for the People (DPP), Yuichiro Tamaki, has pledged to reform the country’s crypto taxation if elected. His proposal, which he announced via a tweet on Sunday, aims to shift from treating digital asse...
China cuts lending rates to revive economy and stabilize housing market
October 21, 2024 02:49 PM AEDT| By InvezzChina has reduced its benchmark lending rates in an effort to stimulate economic growth and address a struggling housing market. The one-year loan prime rate (LPR) was lowered to 3.10% from 3.35%, while the five-year LPR was cut to 3.60% from 3.85%....
Boeing, labour union reach tentative deal to end strike: What happens now?
October 20, 2024 11:03 PM AEDT| By InvezzBoeing and its labour union have reached a tentative agreement that could end the monthlong strike, which has halted production of key aircraft such as the 737 MAX and 777. The strike involved around 33,000 workers, who walked off the job on Septembe...
