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The International Monetary Fund (IMF) has raised significant concerns about the global public debt situation as it prepares for its annual meetings in Washington D.C. starting October 21, 2024. The IMF projects that global public debt will exceed $100 trillion by the end of 2024, reaching approximately 93% of global GDP. This milestone marks a […]
NYC issues posters telling migrants to ‘consider another city,’ warns of sky-high prices
New York City Mayor Eric Adams announced Wednesday that his administration is putting out new posters telling migrants to “consider another city” and warning of high costs for housing, food and transportation in the Big Apple as it struggles to deal with its share of illegal immigrants. “We have no more room in the city,” […]
Iron Ore Prices Climb as Beijing Hints at Economic Boost
The iron ore market saw a positive shift on Monday. Traders responded to news of potential fiscal stimulus from China. This development improved sentiment in the world’s largest steel-consuming market. China’s Dalian Commodity Exchange saw January iron ore futures rise by 1.97%. The price reached 800.5 yuan (R$631.59 / $112.78) per ton. Early trading witnessed […]