economy

Panama has officially become an associate member of Mercosur, the South American trade bloc, following a formal ceremony on Saturday in Montevideo, Uruguay. Leaders from Argentina, Brazil, and Paraguay were present at the event. Panama’s […]

Italy and the African Development Bank (AfDB) have signed a significant co-financing agreement worth €400 million (approximately $420 million) to support development initiatives across Africa. This collaboration is part of Italy’s broader €6 billion Mattei […]

Igor Sechin, the CEO of Rosneft, recently stated that gold could potentially challenge the U.S. dollar as the dominant global trade currency. During his speech at the Eurasian Economic Forum in Verona, Sechin criticized the […]

According to BlackRock, the global economy has moved past the traditional “boom and bust” cycle. The investment management giant, in its latest economic outlook, argued that the world economy is now in a more stable […]

Canada’s economic outlook has taken a hit as forecasts for the Canadian dollar were slashed due to the looming threat of U.S. trade tariffs. According to a recent Reuters poll, experts have downgraded their predictions […]

Canada’s trade deficit narrowed in October, reaching CAD 924 million, a reduction from the revised CAD 1.3 billion deficit in September. This marks the eighth consecutive month of trade imbalance for the country, although exports […]

General Motors (GM) announced that its restructuring efforts in China could result in losses exceeding $5 billion. The company informed the US Securities and Exchange Commission (SEC) that it is assessing the impact of restructuring […]

Developing countries paid a record $1.4 trillion to service their debts last year, driven by high lending rates that pushed interest costs to a 20-year high, according to the World Bank. The poorest nations alone […]