Economy- Page 136

Federal Reserve Board building in Washington as the FOMC raises interest rates for the first time since 2023

Warsh Raises Rates for First Time Since 2023 as Iran War Drives Inflation to 3.7%

The Federal Reserve raised interest rates Wednesday for the first time since 2023, lifting the benchmark to 3.75–4.00 percent as Iran war-driven oil costs push annual inflation to 3.4 percent. Emerging economies

September 16, 2026

by Amanda Graham

Federal Reserve Chair Kevin Warsh at the Jackson Hole Economic Symposium, where his hawkish speech all but cemented the September 2026 rate hike

Federal Reserve Opens Two-Day Meeting With Rate Hike All But Certain

Kevin Warsh's Fed opens its September meeting Tuesday with markets pricing 91 percent odds of the first rate hike since 2023. The move would push the federal funds range to 3.75–4 percent, hiking into Iran-driven energy inflation the Fed's tools

September 16, 2026

by Amanda Graham

Binance cryptocurrency exchange linked to case involving Iranian oil proceeds

US Prosecutors Say Hong Kong Firms Moved Iranian Oil Proceeds Through Binance

Federal prosecutors in Manhattan have accused two Hong Kong-based companies of using cryptocurrency accounts on Binance

Smoke rises from a pumping station on Saudi Arabia's East-West Crude Oil Pipeline after drone strikes in September 2026

Saudi Arabia Scrambles to Restore Oil Bypass After Drone Strikes Shut East-West Pipeline

Saudi Arabia shut its East-West Pipeline after drone strikes on September 10-11 damaged pump stations, cutting

Chinese President Xi Jinping delivers keynote speech at the China International Import Expo CIIE in Shanghai

In Shanghai, Macron calls for “European play” against China

Emmanuel Macron opened his second visit to China in Shanghai calling on Europeans to act together on trade and climate, arguing coordination with Germany and the EU was essential to weigh against

February 20, 2020

Economy·Government and Politics·News

A plane conducting aerial pesticide spraying over desert locust swarms in Samburu County Kenya in January 2020

Locusts attack South Sudan after Somalia, Kenya and Ethiopia

A devastating locust invasion has reached South Sudan after sweeping through Somalia, Kenya, Ethiopia, and neighboring East African nations. The UN's FAO has called it the worst locust crisis in a quarter

February 19, 2020

Business·Climate·Economy·News

Recession threatens the Japan’s economy

Japan's GDP fell 1.6% in the fourth quarter of 2019, its steepest quarterly decline since 2014, after an increase in the consumption tax from 8% to 10% suppressed household spending. The contraction

February 17, 2020

Economy·Government and Politics·News

Pakistan at the brink of Financial agony

Pakistan's economy posted a nine-year low of 3.3% GDP growth in fiscal 2018-19 as its rupee fell over 20% against the dollar and inflation surged. With FATF blacklisting looming over its terrorist

September 25, 2019

Economy·Government and Politics·News·Opinion

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