BASF to Leave Germany amid Worsening Economic Conditions.

The global economic crisis is deepening and BASF is reducing its operations in Germany as a result. BASF is under increasing pressure from its chemical businesses and is leaving Germany. The significant increase in gas and electricity prices is also putting pressure on chemical value chains. The higher costs for gas at BASF’s European sites […]

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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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Deutsche Bank is confident for the coming years

Germany’s largest bank, Deutsche Bank, has reported a significant jump in profits, surprising investors and leading to questions about the self-confidence of the institute. Deutsche Bank has been unimpressed by the current economic situation, thanks to rising interest rates and stable lending. The bank has achieved its highest quarterly profit in 15 years, with 1.2 […]

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Saving Sudan’s Economy – Military, Investment, Government

The economy of Sudan is characterized by a large agricultural sector, significant oil reserves, and an overall lack of industrialization. Sudan has been struggling economically since the early 1990s, due in part to the country’s civil war and international sanctions. In recent years, the economy has begun to improve as the government has implemented economic […]

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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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China’s economy is facing major challenges

In his speech at the opening of the 20th Communist Party Congress, Chinese President Xi Jinping acknowledged that the country’s development is imbalanced, uncoordinated, and unsustainable. He said the next five years are crucial for building a “modern socialist country” and called for a shift to “high-quality” development. But experts say Xi faces a tough […]

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USA

Election Predicts – the USA Midterm is near!

It’s election time in the United States, and that means the economy is once again a hot-button issue. The Democrats are campaigning on the strength of the economy under President Biden, while the Republicans are criticizing Biden’s spending and accusing him of driving up inflation. So what’s the truth? Takeaways: The budget deficit for fiscal […]

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