Turkey’s Erdogan names loyalist finance minister amid Lira Rout

ISTANBUL – Turkish President Recep Tayyip Erdogan on Thursday appointed a loyalist as the country’s new finance minister after the incumbent president resigned over clashes with the old leader’s unconventional economic policies that have exacerbated a currency crisis that has left the country shook each other. Nureddin Nebati, a former deputy finance minister, replaces Lütfi … Read more

Covid-19 variant Omicron threatens economies in the US and the world

The global economy could take a modest hit from the Omicron strain of Covid-19, though the extent of damage will depend on the potential of the species itself, economists say. Spending on tourism is likely to decrease, and perhaps spending on restaurants and shopping in stores. But compared to the first wave of Covid-19 in … Read more

Inflation is hitting Canada’s most vulnerable. It’s time for Ottawa to intervene

As has become a pattern during the grip of the pandemic, the Canadian economy rebounded in the third quarter of the year, making up for the sink in the second quarter. But don’t tell that to Janet McLeod. The growth rate of 5.4 percent in July, August and September means almost nothing to her. McLeod … Read more

Australia’s economic decline smaller than feared during the latest east coast COVID lockdowns

The Australian economy has registered its third-largest decline on record as COVID lockdowns have shut down economic activity in the southeastern mainland. Most important points: Australia’s GDP fell 1.9 percent in the September quarter, but economists had expected a 2.7 percent drop A 4.8 percent drop in household spending led to the decline, driven by … Read more

Inflation is hitting Canada’s most vulnerable. It’s time for Ottawa to intervene

As has become a pattern during the grip of the pandemic, the Canadian economy rebounded in the third quarter of the year, making up for the sink in the second quarter. But don’t tell that to Janet McLeod. The growth rate of 5.4 percent in July, August and September means almost nothing to her. McLeod … Read more

Inflation is hitting Canada’s most vulnerable. It’s time for Ottawa to intervene

As has become a pattern during the grip of the pandemic, the Canadian economy rebounded in the third quarter of the year, making up for the sink in the second quarter. But don’t tell that to Janet McLeod. The growth rate of 5.4 percent in July, August and September means almost nothing to her. McLeod … Read more

Inflation is hitting Canada’s most vulnerable. It’s time for Ottawa to intervene

As has become a pattern during the grip of the pandemic, the Canadian economy rebounded in the third quarter of the year, making up for the sink in the second quarter. But don’t tell that to Janet McLeod. The growth rate of 5.4 percent in July, August and September means almost nothing to her. McLeod … Read more

The stock market will be flat in 2022. Where they see buying opportunities.

Font size Strategists at the Bank of America estimate that the US will raise interest rates while the stock market remains stable in 2022. David Paul Morris/Bloomberg bank of America The experts said Monday they expect three rate hikes in the US and a flat stock market in 2022. But they said parts of the … Read more

Covid-19 variant Omicron threatens economies in the US and the world

The global economy could take a modest hit from the Omicron strain of Covid-19, though the extent of damage will depend on the potential of the species itself, economists say. Spending on tourism is likely to decrease, and perhaps spending on restaurants and shopping in stores. But compared to the first wave of Covid-19 in … Read more