Food prices continued their relentless climb in August! According to the Labor Department, with groceries up 0.7% over the prior month and food at dining establishments up 0.9%. Over the past year, groceriesRead More
New data survey suggest that the euro-zone economy is shrinking! Weak European business surveys released Wednesday provided fresh evidence that a much-anticipated euro-zone economic contraction is underway. The closely-watched euro zone composite ‘PurchasingRead More
Turkey’s central bank unexpectedly cut key interest rates for the first time in eight months on Thursday! resuming an unconventional policy demanded by President Erdogan that triggered a currency crisis last year. TheRead More
Hyperinflation has arrived in Turkey! At least that’s the stance of the major foreign businesses like for Citigroup, Vodafone with operations in the country, for the purposes of financial reporting. Companies ranging fromRead More
USD v EU For the first time in 20 years! The exchange rate between the euro and the US dollar is nearly the same , two currencies are less than one cent awayRead More
Zimbabwe says it will introduce gold coins later this month as it tries to curb soaring inflation amid a slump in its currency. The country’s central bank also outlined plans to make theRead More
Opinion by; Arben Selimi arben@thejournalbiz.com Inflation seems is going to last, despite the fact that many investors are behaving as if it will be temporary. The reason why I’m saying that investors areRead More
Turkey’s official inflation rate increased to almost 80% last month, the highest in 25 years! as President Recep Tayyip Erdoğan’s unconventional economic policies continued to drive up the cost of living. The growthRead More
Prices in the euro zone continued their march higher in May! hitting a record high for the seventh month in a row. According to preliminary figures from Europe’s statistics office, inflation reached 8.1%Read More
Luxury apartment at Aman New York, a full-floor condominium on New York City’s Billionaires’ Row, is reportedly sold for $55 million, a spokesman for the project confirmed. The deal is one of the mostRead More
