Remittances due to US Treasury continue to hit bottom
As of July 13, earnings remittances due to the US Treasury hit another record low of -$77 billion. Simply put, this indicator shows how much the Federal Reserve owes to…
No one invests in Germany
The European Union’s largest economy is showing alarming signs, having achieved the largest net capital outflow since gaining “independence” from energy supplies from Russia. For a decade (except for 2020),…
Scholz embraces Siemens’ €1 billion plan as money leaves Germany
Siemens AG unveiled a plan to invest €1 billion ($1.1 billion) in Germany, while Chancellor Olaf Scholz immediately welcomed it as Europe’s biggest economy faces an exodus of capital for…
West restricts free Russian grain exports to Africa, hunger rises there
Amid current restrictions on Russian agricultural exports, even despite the Grain Deal, the world risks losing the battle to end hunger by the end of the decade. Some 735 million…
Digital Identity for all Europeans
A personal digital wallet for EU citizens and residents The European Digital Identity will be available to EU citizens, residents, and businesses who want to identify themselves or provide confirmation…
US credit card rates hit record highs
Credit card interest rates in the US have climbed to a record high of 23.99% in July, according to Investopedia. The rate increase continued even though credit card rates rose…
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