African countries complain of slow progress in aid at annual IMF meeting

The African countries are complaining at the annual meeting of the IMF and World Bank about only slow progress in terms of aid. In the face of inflation and climate catastrophes, many are at risk of default. At the annual meeting of the International Monetary Fund (IMF) and World Bank, finance ministers from many African […]

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“Dr. Doom” Roubini predicts world is going into stagflation

When it comes to economic prognostication, few are as well-known as Nouriel Roubini, otherwise known as “Dr. Doom.” Roubini has gained notoriety for his consistently pessimistic views on the world economy, and he is now convinced that the world is headed for a period of stagflation. In a recent interview with Bloomberg, Roubini cited a […]

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Russia assumes a long-lasting war in Ukraine

Russia is expecting a longer war against Ukraine due to US weapon deliveries to the country, Kremlin spokesman Dmitry Peskov said. The US-announced delivery of anti-aircraft systems will make the conflict longer and more painful for the Ukrainian side, Peskov told Interfax news agency. “The confrontation will continue,” Peskov said, referring to a meeting of […]

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IMF Chief Issues Gloomy Assessment of Global Economy

The IMF chief has issued a gloomy assessment of the global economy, signalling that the fund will issue fresh downgrades of its economic projections next week. Kristalina Georgieva warned that growth in all of the world’s largest economies was slowing down, leaving “severe strains” in some places. The near collapse of some UK pension funds […]

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Are we sliding into a global recession? These signs speak for themselves

The global economy is headed for a recession for a variety of reasons. The most significant indicators are a strong US dollar, faltering US economy, tightening of corporate America’s purse strings, bearishness on Wall Street, and inflation due to the Russia-Ukraine war. A strong US dollar makes it more expensive for other countries to import […]

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Global Alliance on Green Economy launched at the World Green Economy Summit in Dubai

The 8th World Green Economy Summit (WGES) was recently held in Dubai under the patronage of His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime Minister of the UAE and Ruler of Dubai. The summit was organized by the World Green Economy Organization (WGEO), Dubai Electricity and Water Authority (DEWA) and the […]

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