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The Latest Breaking News from International Monetary Fund

US National Debt Hits Historic $37 Trillion, Surpassing Pre-Pandemic Projections—'Piling Up At A Rapid Rate,' Warn Economists

The U.S. national debt has reached an all-time high of $37 trillion, as reported by the Treasury Department. This staggering figure highlights the growing debt burden on the American economy and its taxpayers.

Benzinga

I Asked ChatGPT To Explain Why Inflation Is Killing My Wallet Like I’m 12

I asked ChatGPT to explain inflation like I'm 12. The result? Juice boxes, laughs and a surprisingly clear guide to how inflation really works.

GOBankingRates

Market liberalism is dead — we need a new NATO for trade

An 80-year economic illusion has ended and the comfortable post-Cold War interlude has given way to a more raw and Hobbesian environment.

Fortune

From analysis to the latest developments in health,
read the most diverse news in one place.

Is western influence over Ukraine colonial meddling or a vital way to prevent corruption?

Ukraine’s former prime minister Yulia Tymoshenko recently called for an end to what she called the western “colonial model” of interference in Ukraine’s domestic politics.

The Conversation

Trump firing of statistics chief puts US data credibility at risk, experts warn

Erika McEntarfer’s exit could push US into category of countries found to have massaged economic data

The Guardian - US

Space hurricanes are real — and they wreak more havoc than we thought

Space hurricanes can shake Earth's magnetic field and scramble satellites without a solar storm in sight.

Space

Senegal PM Unveils Economic Recovery Plan Based On Domestic Resources

Senegal's prime minster unveiled an economic recovery plan for the highly indebted nation on Friday, focused on reviving its economy with a shift towards greater domestic funding.

International Business Times

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Rate cut looms as inflation result brings RBA 'comfort'

The Reserve Bank should have "all the comfort it needs" to cut interest rates again in August after underlying inflation fell to a three-and-a-half year low.

AAP

IMF Lifts 2025 Growth Forecast On 'Fragile' Easing In Trade Tensions

The IMF raised its global growth forecast Tuesday as efforts to circumvent Donald Trump's sweeping tariffs sparked a bigger-than-expected surge in trade, while the US president stepped back from some of his harshest threats.

International Business Times

Britain set for minor boost as world economy growth forecast upgraded despite Trump tariffs

The IMF said the global economy would be more resilient than it expected in May

The Independent UK

IMF upgrades global growth forecast as Trump tariffs ease, but warns on risks

Despite reduced tensions and EU trade deal, US policies are ‘highly uncertain’, says Washington-based organisation

The Guardian - UK

Surging US imports and lower tariffs to lift global growth, IMF predicts

The International Monetary Fund said ‘front-loading’ had ‘shaped economic activity in the first half of the year’.

Evening Standard

Reeves should consider ending pension triple lock and charging for NHS treatment, says IMF

Chancellor is advised to give herself more leeway in the next budget before adjusting taxation or spending

The Guardian - UK

Chancellor faces fiscal risks and ‘significant challenges’ amid trade war – IMF

The IMF said the UK’s ‘limited’ so-called headroom on its public finances could see plans thrown off course.

Evening Standard

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The Independent UK

Reeves will have to ditch key party manifesto pledge, IMF warns

IN FULL

The Independent UK

Reeves will have to raise taxes, charge for the NHS or ditch pensions triple lock, warns IMF

The International Monetary Fund praised Rachel Reeves’s overall strategy but warned that her lack of fiscal headroom will leave her with hard choices

Al Jazeera

Russia-Ukraine war: List of key events, day 1,247

Here are the key events on day 1,247 of Russia’s war on Ukraine.

The Conversation

US and European economies depend heavily on immigrants – decades of data reveal just how much

As anti-immigration rhetoric surges across Europe and the United States, it is vital that we look beyond the fearmongering and analyse what is really going on. While human mobility is often presented as a burden, the truth is quite the opposite. It is an essential driver of economic growth, demographic…

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The Guardian - AU

Australian employers view their older workforce with contempt. They need to understand 70s are the new 50s

A survey by the Australian HR Institute and the Australian Human Rights Commission found that nearly one-quarter of employers classify over-50s as ‘old’

The Conversation

Bangladesh sees small glimmers of economic hope a year after longtime autocrat ousted in people’s revolt

By the time a student-led protest movement erupted into a full-scale revolution in Bangladesh in July 2024, the country’s economy was already in free fall.

Benzinga

Nayib Bukele Faces Investigation Over Alleged Abuse Of Venezuelan Detainees — El Salvador President Says 'Now They Shout and Get Indignant'

Venezuela initiated an inquiry on Monday into El Salvador’s President Nayib Bukele and two other officials on charges of alleged abuse of detained Venezuelans.

Benzinga

Is El Salvador Faking Its Bitcoin Growth? IMF Footnote Sparks New Doubts

A new report from the International Monetary Fund (IMF) suggests that El Salvador's recent increase in Bitcoin (CRYPTO: BTC) reserves stems from internal asset consolidation, not new purchases, as previously claimed by government officials.

Cinemablend

I've Been Rewatching The Mission: Impossible Movies On Netflix, And I Totally Forgot These 10 Actors Appeared Early In The Franchise

Going back through Ethan Hunt's past missions has been a blast.

The Conversation

Over €10 billion has now been pledged for Ukraine’s recovery. It’s nowhere near enough

Clearly angered by the intensification of Russia’s air campaign against Ukraine, Donald Trump has pivoted from the suspension of US military assistance to Ukraine to promising its resumption. Russia’s strikes on major cities killed more civilians in June than have died in any single previous month, according to UN figures.

Fortune

Markets can't be bullied, and the US could face a financial crisis ahead of next year's midterm elections, former IMF official says

"The days of the world letting America live beyond its means are rapidly coming to an end."

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