According to a survey by Datafolha, six out of 10 Brazilian families say their salaries don’t cover their expenses, as President Bolsonaro scrambles to alleviate their plight ahead of October’s elections
The German and US financial groups cite supply shocks, rising food prices and higher interest rates as part of multiple strains on the global economy
US stocks have entered a bear market and if history is any guide, it could be long and painful; this is the fourth such event for the S&P 500 Index over the past two decades
The complementary action is the largest fiscal subsidy applied to gasoline, according to the Treasury
Markets are contending with Covid outbreaks in China, where Beijing and Shanghai resumed mass virus testing
The organization slashed its outlook for global growth this year to 3% from the 4.5% it predicted in December and doubled its inflation projection to nearly 9% for its 38 member countries
At a time when most of the world is compounding the problems of broken supply chains and rising energy prices by slapping tariffs on imports, Brazil — of all countries — is opening itself up to trade
David Malpass says the global economy "is facing high inflation and slow growth at the same time." He adds that even if a global recession is averted, the pain of stagflation could persist for several years
At least 20 local startups have begun to shed personnel amid higher interest rates and less capital availability, pointing to tough days to come
The ‘red tamale’, one of the Central American country’s favorite staple foods, has doubled in price this year, while workers earning the minimum wage struggle to afford milk