SEOUL, June 13 (Reuters) – A strike by South Korean truckers entered its seventh day on Monday, posing a test for the country’s new president and deepening stress on Asia’s fourth-largest economy, already facing stagflationary pressures. The strike by unionised truckers seeking higher pay has crippled ports like Busan in the export-dynamo economy, snarling the […]
Roughly two months ago on April 11, the stablecoin economy was valued at $190 billion and was getting closer to surpassing $200 billion in value. However, after the Terra stablecoin fallout, the fiat-pegged token economy lost $16.31 billion in value since then. While that value was erased from the stablecoin market, stablecoins themselves represented 9.35% […]
The removal of subsidies and the distribution of part of its freed-up resources among a small group of people is a hackneyed story that is retold under a new name each time. Under the shadow of current inflationary pressures, any subsidy based on the distribution of cheap goods turns into a huge burden on the government […]
From Wall Street to Main Street, fears that the U.S. economy could be sliding into 1970s-style “stagflation” have been percolating. References to the sticky situation appeared in news headlines all week. The Associated Press called it “the dreaded ‘S’ word.” The Wall Street Journal reminded readers of the neologism’s origins as a catchy way to […]
WASHINGTON – As the 6th item on the 2022 “Dirty Dozen” scams warning list, the Internal Revenue Service today cautioned taxpayers with pending tax bills to contact the IRS directly and not go to unscrupulous tax companies that use local advertising and falsely claim they can resolve unpaid taxes for pennies on the dollar. “No […]
Yevgeny Shumilkin is going back to work on Sunday. To prepare, he pulled the familiar “M” off what had been his McDonald’s shirt and covered the “M” on his McDonald’s jacket with a Russian flag patch. “It will be the same buns,” promised Mr. Shumilkin, who maintains the equipment at a restaurant in Moscow. “Just […]
Tourism urged to jump start local economy The Mon Valley Independent Read more…
ST. PAUL – Cities, counties, tribes and other government entities in Greater Minnesota are encouraged to apply for matching funds for local transportation infrastructure projects that support economic development, according to a news release from the Minnesota Department of Transportation. Greater Minnesota is defined as all counties outside of the seven-county Twin Cities metropolitan area. […]
Woman holds Russian Roubles in front of U.S. Dollar banknotes in this illustration taken May 30, 2022. REUTERS/Dado Ruvic/Illustration Register now for FREE unlimited access to Reuters.com Register Rouble jumps to highest in over 2 weeks vs dollar and euro Bank of Russia cuts interest rate by 150 bps to 9.5% 10-yr OFZ yield reaches […]
European stocks fell at the open on Friday with investors cautious that US economic data would stiffen central banks’ resolve to fight inflation with more interest rate rises. Europe’s regional Stoxx 600 share index opened 0.7 per cent lower, with London’s FTSE 100 down 1.5 per cent and Germany’s Xetra Dax off 1 per cent. […]
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