A combination of political and economic factors is slowly eroding the Dollar supremacy as the world’s reserve currency. According to the International Monetary Fund, nearly 60% of international reserves are held in Dollar-denominated assets. Due to Western sanctions against Russia over its invasion of Ukraine, other countries are wary of crossing Washington. For trade and
Which is the Most-Famous Paintings in the World? International auction houses sell billions of dollars worth of art each year while leading museums hold tens of thousands – sometimes hundreds of thousands – of pieces in their collections. However, precious few make it to the level of fame necessary to truly be considered household names.
Global economy has, somehow, avoided recession in 1H23. However, global asset managers continue to expect that 2H is expected to bring more tests on account of higher interest rates and tighter liquidity. Investors are required to think twice before they jump into long-term U.S. bonds. Credit sectors and global ex-U.S. markets are expected to provide
Following heavy rains in the city and suburbs, the Tulsi lake, one of the seven reservoirs that supply water to Mumbai, overflowed on Thursday. Powai lake, another reservoir in the heart of Mumbai, started overflowing earlier this month, but its water is not for drinking. Brihanmumbai Municipal Corporation (BMC) officials said the Tulsi lake, located
Bangladesh is ahead of India and Pakistan in many economic and social indicators. This is our big achievement. Bangladesh has now become a case study of economic development in the world, which few economists could have predicted. When Bangladesh overtook Pakistan in economy growth in 2006, many dismissed it as a fluke. But since then,
Beijing has grappled with sputtering growth, a plunging yuan, and a sharp fall in china’s economy industrial production since reducing zero-COVID lockdowns last year. Deflation can now be added to the growing list of economic concerns facing the country. In June, the average Chinese shopping basket cost the same as in May, while the Producer
Given the release of UCLA Anderson Forecast’s June 2023 report, experts have got a sigh of relief: The US economy is YET not in a recession. However, there is some caution which needs to be observed carefully. Considering that core inflation is coming down slowly, there is a possibility that Fed might continue to tighten
Despite advancing toward a dream economic scenario, some of the country’s rich people might not be too thrilled due to recession. In spite of the Federal Reserve’s aggressive interest-rate hikes, inflation in the US is cooling toward the Federal Reserve’s 2% target. According to the Philadelphia Fed, forecasters estimate the US Gross Domestic Product rose
A series of heavy rains greeted North India on Monday, and the central and state governments are taking note of the situation. A late start to the monsoon is causing and affecting Four states incessant rains in Uttar Pradesh, Himachal Pradesh, Uttarakhand, and Punjab, causing thunderstorms, landslides, death, and destruction. In the Upper Peninsula, 26
Warming climate change -temperatures are causing a certain pheromone used by some animals and ant species to decay, making it harder to follow trails. Coral reefs are losing their ability to learn who their predators are as CO2 levels rise in the water. And water fleas are finding it harder to evade predators. Climate change
