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Economy
Why is Northern Ireland lagging behind UK in adopting Real Living Wage?
August 03, 2024 12:50 AM AEST| By InvezzNorthern Ireland is falling behind other UK regions in adopting the Real Living Wage, even though it has a significant number of low-paid workers. The Real Living Wage, calculated by the Resolution Foundation, is set at £12 an hour outside Lond...
Fed to cut in September, December, Macquarie says, amid fresh recession jitters
August 02, 2024 05:54 AM AEST| By InvestingInvesting.com -- The Federal Reserve is widely expected to deliver its first rate cut next month and followed it up by cutting again in December to ensure the economy remains on track for a soft landi
Student debt cancellation: Biden’s new plan promises relief for 30 million borrowers
August 02, 2024 03:38 AM AEST| By InvezzIn a pivotal move for millions of American students, the Biden administration will soon roll out a new student debt relief initiative, aiming to provide targeted assistance to borrowers affected by student loans. Approximately 30 million Americans ar...
Greek economy boosted by €5 billion inflow following S&P’s credit rating upgrade
August 02, 2024 02:41 AM AEST| By InvezzIn a major financial boost for Greece, the country has witnessed a substantial inflow of €5 billion into its shares and bonds following a recent upgrade in its credit rating outlook. This surge in investment was triggered by Standard and Poor&#...
Bank of England cuts interest rates for first time in four years
August 01, 2024 09:13 PM AEST| By InvezzIn a closely contested decision, the Bank of England has cut interest rates for the first time in over four years, providing a potential boost to the Labour government’s efforts to stimulate economic growth. The Monetary Policy Committee (MPC)...
Donald Trump unveils limited edition Bitcoin-themed sneakers
August 01, 2024 04:49 AM AEST| By InvezzIn a striking move that merges fashion with cryptocurrency, former President Donald Trump has announced the release of limited-edition Bitcoin-themed sneakers. This development comes on the heels of Trump’s recent speech at the Bitcoin Conferen...
Brazil’s unemployment rate drops to 6.9% in June, lowest since 2015
August 01, 2024 03:04 AM AEST| By InvezzBrazil’s unemployment rate has reached its lowest level since 2015. The rate averaged 6.9% in the three months leading up to June 2024, aligning with market predictions, according to the Instituto Brasileiro de Geografia e Estatística (IBGE). T...
Eurozone inflation rises to 2.6% amid expectations of ECB rate cut
July 31, 2024 07:24 PM AEST| By InvezzInflation in the Eurozone increased slightly to 2.6% in the year to July, up from 2.5% in June. This rise in inflation, reported by Eurostat, exceeded the expectations of economists polled by Reuters, who had predicted price pressures to remain flat...
Bank of Japan raises interest rate to 0.25%, cuts bond purchases in major policy shift
July 31, 2024 07:10 PM AEST| By InvezzThe Bank of Japan (BoJ) has increased its benchmark interest rate to 0.25% and announced plans to halve its monthly bond purchases, marking a significant shift towards tighter monetary policy. This move contrasts with the US Federal Reserve’s c...
Trump vs Harris: A battle between Big Oil and Big Tech
July 31, 2024 06:15 AM AEST| By InvezzAs the political battle heats up, a Trump vs Harris showdown is increasingly becoming a battle between Big Oil and Big Tech
Venezuela’s electoral chaos: A reporter’s reflections from the polling station
July 31, 2024 05:15 AM AEST| By InvezzAs a journalist covering Venezuela for over a decade, I’ve witnessed the country’s political landscape through the lens of a complex and often turbulent environment. Recently, I took on the role of a polling station officer, a position I hadn’t...
Brazil’s budget deficit hits record high in June, government debt soars
July 30, 2024 02:17 AM AEST| By InvezzBrazil is grappling with a ballooning budget deficit and rising government debt, posing significant challenges to its economic stability. In June 2024, the country’s nominal budget deficit surged to an unprecedented level, far exceeding m...
Donald Trump’s Bitcoin Conference speech ignites crypto market, BTC nears $70K
July 29, 2024 09:27 PM AEST| By InvezzFormer President Donald Trump’s keynote speech at the 2024 Bitcoin Conference in Nashville has spurred the crypto market. The global crypto market cap has surged to $2.48 trillion, reflecting a 3.09% increase in just 24 hours. Bitcoin, the lead...
US Fed meeting this week: What to expect on interest rate cuts as inflation cools
July 29, 2024 05:56 PM AEST| By InvezzAs the Federal Reserve convenes for its two-day Federal Open Market Committee (FOMC) meeting this week, the financial world is closely watching for indications of potential interest rate cuts. While the Fed is expected to keep its benchmark interest...
Maduro elected Venezuelan president for third term even as opposition, international governments dispute outcome
July 29, 2024 05:42 PM AEST| By InvezzVenezuela’s authoritarian leader Nicolas Maduro was announced president-elect of the country for a third consecutive term in a highly-charged election, even as the opposition contested the election results, alleging foul play. Elvis Amoro...
Trump campaign raises $4 million in crypto donations: Who are the high-profile donors?
July 26, 2024 04:20 AM AEST| By InvezzDonald Trump’s presidential campaign has successfully tapped into the cryptocurrency market, receiving over $4 million in digital donations. According to Federal Election Commission (FEC) filings, these contributions have come in various...
Brazil’s current account deficit hits 10-year high: What it means for the economy
July 26, 2024 04:02 AM AEST| By InvezzBrazil’s current account deficit surged to $4 billion in June 2024, marking the country’s largest shortfall in ten years. This significant increase from $0.8 billion in the same month last year highlights Brazil’s most substantial d...
US emissions reductions off track for 2030 targets under Paris accord
July 25, 2024 02:27 AM AEST| By InvezzDespite substantial progress in reducing greenhouse gas emissions, the United States remains off track to meet its 2030 targets set under the Paris Agreement. The Biden administration’s extensive green subsidies and new climate regulations have...
Bank of Canada cuts key interest rate to 4.50% and lowers 2024 growth forecast amid cooling inflation
July 25, 2024 01:35 AM AEST| By InvezzIn a strategic move to address a cooling economy, the Bank of Canada (BoC) has lowered its key interest rate to 4.50%, a reduction of 25 basis points from its previous rate of 4.75%. This adjustment marks the BoC’s second consecutive rate cut, follow...
Moody’s downgrades Thames Water’s credit rating to ‘junk’, cites weakening liquidity position
July 25, 2024 01:17 AM AEST| By InvezzThames Water, the UK’s largest water utility, has seen its credit rating slashed to junk status by Moody’s Ratings. The downgrade comes after the UK’s water regulator placed the company under a turnaround oversight regime due to concerns about its fi...
