Economic growth
The US Federal Reserve, led by Chairman Jerome Powell, has announced a 25 basis points rate cut after the Federal Open Market Committee (FOMC) meeting. This decision comes amidst growing economic uncertainty, with recent indicators suggesting that economic growth moderated in the first half of the year. The FOMC statement
Economic growth
Global Container Terminals (GCT) has submitted its Deltaport Berth 4 expansion project to the new Major Project Office through the official Project Intake Form. The company is urging the Government of Canada to place DP4 on the Projects of National Interest List, citing its critical role in strengthening Canada'
Economic growth
The House Financial Services Committee, under the leadership of Rep. French Hill (R-Arkansas), is focused on advancing a series of bills aimed at fostering economic growth, innovation, and stability in the financial system. These bills will strengthen the banking system, make capital markets more efficient, and protect the system from
Economic growth
A new report by the Information Technology and Innovation Foundation (ITIF) warns that reducing federal investments in research and development (R&D) would have severe consequences for the US economy. According to the report, a 20% reduction in federal R&D funding would shrink the US economy by
Economic growth
Despite intensifying external trade frictions and a slowdown in global economic growth, China's economy demonstrated notable resilience in the first half of 2025, with a year-on-year increase of 5.3% in GDP, reaching RMB66.05 trillion. The accelerated issuance of ultra-long special treasury bonds and special-purpose bonds boosted
Economic growth
The relationship between inequality and economic growth in Africa is characterized by a complex web of structural, institutional, and power-related factors. Structural adjustment policies, taxation and fiscal policies, education and healthcare investment, and weak social protection have all exacerbated inequality in the region. These factors have disproportionately affected the poor,
Economic growth
The Rivers State Government in southern Nigeria has implemented the International Public Sector Accounting Standards (IPSAS) and revised its revenue codes, marking a significant step toward strengthening fiscal governance, transparency, and accountability. This move aligns the state's financial management practices with global standards, aiming to support sustainable economic
Economic growth
The US Federal Reserve has made a crucial decision, cutting interest rates by a quarter of a percentage point, bringing the benchmark rate to 4.00% to 4.25%. This move comes in response to a slow labour market and rising inflationary pressures. The central bank has emphasized that it
Economic growth
The Ministry of Finance (MoF) in Abu Dhabi received a delegation from the International Monetary Fund (IMF) for the annual Article IV consultation, assessing the nation's economic outlook and policy framework. The discussions focused on the UAE's macroeconomic performance, developments in its financial and banking sectors,
Economic growth
The Argentine economy has undergone a significant transformation under the leadership of President Javier Milei, who has implemented a macroeconomic policy that has reduced inflation and eliminated the public deficit. However, his fixed but adjustable exchange-rate system, which has experienced strong economic growth and a decline in poverty and unemployment,
Economic growth
The global economy is experiencing a slowdown, with various indicators suggesting that economic growth is slowing in most countries, according to Bank Indonesia (BI) Governor Perry Warjiyo. The impact of reciprocal tariffs imposed by the US and continued high levels of uncertainty have led to weakened business confidence, reduced household
Economic growth
The Bank of Canada has announced a 25-basis-point cut to its benchmark overnight rate, citing slowing global economic growth and uncertainty sparked by US tariffs. The key overnight lending rate now stands at 2.5%, a level not seen since June 2022. The central bank attributes the global economic slowdown
