Unauthorized Immigration Fuels Britain’s £250 Billion Underground Economy: Report
UK’s Black Market Driven by Illegal Immigration Illegal immigrants are significantly contributing to the UK’s growing black market economy, which now exceeds 1 trillion pounds annually, according to a report. A forthcoming report from the Independent National Center for Social Studies (NATCEN) indicates that involvement in the black market has surged by 80% since 2016. […]
Dollar Remains the Ruler of the Global Economy
The world is not dedollarizing The dollar is always said to be on the brink of collapse, but that’s just not the reality we’re seeing. Every few months, there’s a surge in talk about dedollarization, often triggered by U.S. financial instability, China’s trade moves, or some academic dream of a new global currency system. Yet, […]
Trade in Gems and Precious Metals Affects Armenia’s Economy – Current Crude Oil Prices
Armenia’s Trade Turnover Plummets Armenia’s foreign trade turnover experienced a staggering 53% drop in the first four months of 2025, largely attributed to a sharp decline in the import and export of gemstones and precious metals, particularly diamonds and gold. For this period, Armenia’s total trade volume was reported at $6.3 billion, according to data […]
European stocks fall as tariff concerns weigh; UK economy contracts more than anticipated.
European stocks decline amid tariff sentiment UK spending plans risk creating a “snowball effect” that increases borrowing costs The UK government intends to raise public spending, a move that could inflate annual interest payments, which currently reach $143 billion. Analysts warn this initiative might induce anxiety in the bond market. Long-term borrowing costs surged to […]
CEO Jamie Dimon of JPMorgan Chase gives a serious caution about the economy.
Jamie Dimon, the CEO of JP Morgan, has raised alarms about the US economy. Even prior to President Trump’s tariffs, top bankers warned that the prolonged benefits from financial and monetary stimulus during the pandemic have run their course, increasing the risk for the country. “I think the numbers might worsen soon,” Dimon expressed during […]
US Economy Created a Bit More Jobs Than Anticipated in May
US Employment Growth Surpasses Expectations in May The latest data from the Bureau of Labor Statistics (BLS), released on Friday, indicates that employment growth in the US exceeded predictions for May. The economy added 139,000 non-farm payroll jobs during the month, which was notably above expectations. Interestingly, the unemployment rate remained unchanged at 4.2%, reflecting […]
U.S. Economy Experienced a Small Decline, Raising Questions About Fed Interest Rate Decisions
US Economy Experiences Slight Decline Amid Market Volatility The US economy has experienced a slight and uneven decline amid recent fluctuations in financial markets and online tariff policies. A Federal Reserve beige book released Wednesday shows that six out of the 12 Federal Reserve districts reported a slight to moderate drop in economic activity, while […]
Americans Are Confused About the Economy Under Trump, Survey Reveals
Poll Reveals Divided Opinions on the Economy Under Trump A recent poll indicates that opinions among Americans are sharply divided regarding the state of the economy since President Donald Trump took office. While a mere fraction of Democrats feel the economy has improved, a noticeable number of Republicans hold a contrasting view, illustrating a broader […]
Some Democrats Caution Peers: Cryptocurrency Legislation Could Introduce 19th Century Turmoil Into US Economy
Senate Set to Pass Crypto Bill The Senate is on the verge of passing a significant piece of legislation that could bring substantial changes to the crypto landscape. This bill, particularly regarding stablecoins—cryptocurrencies pegged to traditional currencies like the dollar—aims to implement a regulatory framework that is reportedly quite lenient. Many see this as a […]
Dollar stays close to six-week low as trade conflict impacts US economy
Market Update: Dollar Nears Six-Week Low TOKYO/LONDON – The dollar hovered near a six-week low on Tuesday, reflecting the growing economic concerns stemming from the trade war emphasized by President Trump’s administration. Despite a significant recovery in global stock markets following the persistent narrative surrounding Trump’s tariff threats, the dollar struggled to maintain its footing. […]