Economy

Clean energy is rapidly gaining traction as an investment option, having reached a record $1 trillion. According to BloombergNEF researchers, this trend will soon eclipse the money backing oil and gas.

Euro zone inflation has declined for three months in a row due to decreasing energy prices. January saw the latest drop in euro zone inflation, confirming the trend observed over recent months.

Federal Reserve Chair Jerome Powell has stated that more evidence is needed to be confident inflation is on a downward path. He emphasized the importance of bringing price pressures back to 2% in order for an economic recovery.

Nancy Lazar, chief global economist of Piper Sandler, has warned that the impending recession in 2023 could be as severe or even more so than the crisis experienced in the 1970s. She believes people are underestimating this potential upheaval

The International Monetary Fund (IMF) has revised its global growth forecast upwards, citing easing inflation and unexpected increases in household spending. The IMF now predicts the world economy will grow by 2.9% in 2020.

These three South Africans have become incredibly wealthy through their business acumen and hard work, amassing vast fortunes that place them among the wealthiest people in the world. Their success serves as an inspiration to others to make money of their own.

The United States achieved a diplomatic victory on Friday with its agreement to limit chip-related exports to China. However, the lack of detail in the deal indicates that more work is needed from Washington to convince allies to forgo their export revenue for

Russia has been able to evade oil sanctions on an industrial scale, allowing them to continue their trade practices despite the looming threat of new embargoes. This grey market is expected to expand even further in response.

Walmart Inc. announced that it will increase average hourly wages for its U.S. store workers, raising the minimum wage to $14 per hour beginning in 2021. This move is part of Walmart's larger effort to improve working conditions and

The number of Americans struggling to make car payments is the highest since the Great Recession, with car repossessions increasing as many households face an inflation crisis.