The President of the United States Federal Reserve (Fed), Jerome Powell, indicated that the monetary authority must act "directly" to contain the rise in prices and comply with its mandate, which opens the door to another bulky rise in prices. interest rates in two weeks.
"We have to act now,…
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economy
IDB reaches an agreement with Argentina to support its liquidity
The president of the Inter-American Development Bank (IDB), Mauricio Claver-Carone, and the Argentine Minister of Economy, Sergio Massa, agreed to optimize the loan program of the multilateral organization in favor of the country for 2022,…
Caracas Blockchain Week will be held in November
It was recently confirmed that the first edition of the Caracas Blockchain Week (CBW) will be held in the country's capital between November 2 and 5.
This meeting aims to promote the cryptocurrency space, emphasizing education, adoption…
The IMF calls for no increase in public spending
The managing director of the International Monetary Fund (IMF), Kristalina Georgieva, considered it incorrect to increase public spending to deal with inflation, for which she invited countries to take measures to support the most…
August inflation in Venezuela was 17.3 %
Inflation in Venezuela registered an increase of 17.3 % in August compared to the previous month, which represents the highest price variation in the last 12 months, according to data published by the Venezuelan Finance Observatory.
With…
Pakistan advocates economic self-sufficiency
Miftah Ismail wondered at a press conference on Pakistan Television, collected by the state agency APP, how the government can speak of real freedom without achieving economic self-sufficiency.
In this regard, the minister declared that…
Conservative Liz Truss to succeed Boris Johnson in the UK
Liz Truss will be the new Prime Minister of the United Kingdom from this Tuesday, after winning the recent elections with 81,326 of the votes.
The results have been announced this Monday despite the fact that they were already known since…
Mexico recovered its economic level
The Mexican president, Andrés Manuel López Obrador, assured that the country has recovered the economic levels prior to the Covid-19 pandemic.
This was maintained during a rendering of accounts of what has been carried out by his Executive…
German financial regulator toughens rules to prevent fraud
Bafin president Mark Branson said Thursday that the rules have been changed to prevent fraud. "The purpose of the service directive for the private financial transactions of Bafin employees (...) is to avoid any appearance of misuse of…
Eurozone faces a moderate recession
The economy of the Eurozone is facing a slowdown after the strong rebound in growth experienced, which could even become a "moderate recession", but far from a crisis scenario like that of 2008, according to the chief economist of the…
Inflation in the Eurozone stood at 9.1%
The year-on-year inflation rate in the euro zone stood at 9.1% in August, compared to the 8.9% registered in July, which represents the highest increase in prices in the euro region in the entire historical series and more than four times…
Twitter calls Musk’s attempt to stop the purchase invalid
The social network Twitter called "invalid and illicit" the new attempt by tycoon Elon Musk to scrap his acquisition of the company, after he cited complaints from the former head of Twitter security to add to the list of reasons to cancel…