Financial Crisis

Russian stock market opens with major limits after a month
Mar 24, 2022

Russian stock market opens with major limits after a month

The Russian stock market has opened for limited trading under heavy restrictions for the first time since Moscow invaded Ukraine


Powell: Digital currencies will require new regulations
Mar 23, 2022

Powell: Digital currencies will require new regulations

Federal Reserve Chair Jerome Powell said Wednesday that new forms of digital money such as cryptocurrencies and stablecoins present risks to the U.S. financial system and will require new rules to protect consumers


EXPLAINER: What would a Russian bond default mean?
Mar 16, 2022

EXPLAINER: What would a Russian bond default mean?

Ratings agencies say Russia could default on its dollar-denominated bonds, billions of which are owed to foreigners


Federal Reserve to begin risky pursuit of a 'soft landing'
Mar 14, 2022

Federal Reserve to begin risky pursuit of a 'soft landing'

The Federal Reserve on Wednesday will launch one of the most difficult tasks a central bank can attempt: Raise borrowing costs enough to slow growth and tame high inflation, but not so much as to topple the economy into recession


Russia built an economy like a fortress but the pain is real
Mar 10, 2022

Russia built an economy like a fortress but the pain is real

Sanctions are hitting Russia's economy hard


Brent crude up $12, shares sink as Ukraine conflict deepens
Mar 7, 2022

Brent crude up $12, shares sink as Ukraine conflict deepens

The price of oil has jumped more than $12 a barrel and shares are sharply lower as the conflict in Ukraine deepens amid mounting calls for harsher sanctions against Russia


US allows trade with Afghanistan despite Taliban sanctions
Feb 25, 2022

US allows trade with Afghanistan despite Taliban sanctions

The Biden administration is seeking to assure financial institutions and other businesses that U.S. sanctions on the Taliban aren’t intended to interfere with trade that could help Afghanistan emerge from an economic and humanitarian crisis


Biden sanctions Russian oligarchs, banks in Ukraine crisis
Feb 22, 2022

Biden sanctions Russian oligarchs, banks in Ukraine crisis

The East-West faceoff over Ukraine has escalated dramatically, with Russian lawmakers authorizing President Vladimir Putin to use military force outside his country and President Joe Biden and European leaders responding by slapping sanctions on Russian oligarchs and banks


Turkish opposition leaders meet to counter Erdogan's system
Feb 13, 2022

Turkish opposition leaders meet to counter Erdogan's system

The leaders of six opposition parties in Turkey have met for the first time to strategize about the future of the country’s governing system


Once Lebanon's center of glamor, Hamra Street goes dark
Feb 13, 2022

Once Lebanon's center of glamor, Hamra Street goes dark

Hamra Street at one time represented everything that was glamorous about Beirut



The Budget Report

Delivers the latest news of various finance and economic status in the ever-changing world economy to make sure everyone is up-to-date with the current trends.