Bitcoin achieved a historic milestone on Monday, reaching a new all-time record high as the world’s largest cryptocurrency by market capitalization continued to benefit from robust institutional investor demand, evolving regulatory frameworks, and its deepening integration into mainstream financial systems. The digital asset’s remarkable ascent underscores its transformation from a fringe technology experiment into a […]

Inflation has accelerated across the eurozone’s largest economies this month, suggesting that overall price growth also ticked upward throughout the 20-nation currency bloc, thereby easing pressure on the European Central Bank (ECB) to implement further reductions in borrowing costs as policymakers navigate increasingly complex economic signals. The ECB reduced its key interest rate by a […]

In a stark warning that underscores the mounting financial toll of climate change, Moody’s Insurance Solutions has released a comprehensive analysis projecting that climate-related physical risks could devastate the global economy to the tune of $41.4 trillion by mid-century, representing a catastrophic 14.5% reduction in global GDP. This sobering forecast arrives as the world grapples […]

The United States federal government officially entered a complete shutdown at 12:01 a.m. Eastern Time on Wednesday, October 1, 2025, after congressional leaders from both major political parties and President Donald Trump failed to reach agreement on even a short-term funding measure to keep federal operations running past the end of the fiscal year. The […]

Britain’s economy delivered a resilient 0.3% growth in the second quarter of 2025, maintaining its position as the Group of Seven’s fastest-growing economy in the first half of the year, according to data released Tuesday by the Office for National Statistics (ONS). However, beneath this positive headline lurks a concerning development: the current account deficit […]

Global financial markets opened the week on a cautiously optimistic note, with equity indices across major economies registering gains and the U.S. dollar retreating, even as political uncertainty in Washington threatens to disrupt the world’s largest economy. American lawmakers find themselves in a familiar but increasingly precarious position—racing against time to secure a funding agreement […]

The global economy is confronting an unprecedented debt crisis as total worldwide debt has surged to a record-breaking $337.7 trillion at the end of the second quarter, according to a bombshell report released Thursday by the Institute of International Finance (IIF). This staggering increase of over $21 trillion in just six months represents a debt […]

China announced groundbreaking climate commitments on Wednesday, pledging to cut greenhouse gas emissions by 7-10% from peak levels by 2035, marking the first time the world’s largest emitter has committed to absolute emission reductions rather than merely limiting growth. The announcement came during a UN climate summit that highlighted the stark divergence in global climate […]

Russia’s finance ministry announced Wednesday its proposal to raise the value-added tax rate to 22% from 20% beginning in 2026, marking a desperate attempt to finance military expenditures as the war in Ukraine enters its fourth year. The tax increase represents the most significant fiscal adjustment since the conflict began, exposing the mounting financial pressure […]

France’s economy is experiencing its most severe contraction in five months, with both manufacturing and services sectors declining sharply in September 2025, according to the latest S&P Global Purchasing Managers’ Index (PMI) data released on Tuesday. The deterioration marks a sobering end to what had appeared to be tentative stabilization over the summer months, raising […]