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Tag: Economy

Global banking system is stable amid crisis, US treasury secretary says – BBC News

US treasury secretary Janet Yellen offered reassurance that the banking system is stable in a speech to bankers in Washington. Yellen said the US government is prepared to help more banks if needed, saying their recent actions have demonstrated their “commitment to ensuring the banking system remains safe”. Fears were initially sparked when Swiss bank Credit Suisse was bought by rival UBS on Sunday. Please…

Biden's State of the Union touts strong economy, but are Americans better off?

Americans from across the country say whether their financial situation has improved, stayed the same, or gotten worse since Joe Biden has taken office. #foxnews #fox Subscribe to Fox News! https://bit.ly/2vaBUvAS Watch more Fox News Video: http://video.foxnews.com Watch Fox News Channel Live: http://www.foxnewsgo.com/ FOX News Channel (FNC) is a 24-hour all-encompassing news service delivering breaking news as well as political and business news. The number…

UK May Launch Digital Pound This Decade, Authorities Say

MOSCOW (Sputnik) – A digital pound is “likely to be needed in the future,” with the UK authorities likely to decide on its introduction in the second half of this decade, the UK Treasury and the Bank of England said on Tuesday. The post UK May Launch Digital Pound This Decade, Authorities Say appeared first on .

US Credit Card Debt Reaches 18.5%, Hits Record $930.6 Billion

Inflation in combination with rising interest rates are leading more Americans to spend borrowed money on necessities like food and rent. This week, the Federal Reserve increased interest by a quarter of a point; however, the recent hike is more modest than previous raises, and marks the eighth hike since March of 2022. The post US Credit Card Debt Reaches 18.5%, Hits Record $930.6 Billion…

Myanmar under the military junta 2 years on: Thousands dead, economy in shambles, future uncertain

Subscribe to our YouTube channel for free here: https://sc.mp/subscribe-youtube February 1, 2023, marks two years since Myanmar’s military staged a coup and seized control of the popularly elected government. Since the takeover, Senior General Min Aung Hlaing’s junta has remained embroiled in a bitter civil war with opposition groups across the country, resulting in thousands of casualties and mass displacement. Under military rule, the nation’s…

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