Canada is finally moving towards a more secure banking system. The government has announced a new framework for open banking, set to launch in 2026. This system will replace the risky practice of sharing online banking passwords with third-party apps. Instead, users will be able to securely share th
In a recent turn of events, French senators have given the green light to the 2026 budget bill. This move sets the stage for some serious talks between the Senate and the lower house of parliament later this week. The Senate, which leans conservative, voted in favor of the bill with a count of 187
In a surprising turn of events, Japan's Finance Minister, Satsuki Katayama, hinted at a possible interest rate increase by the Bank of Japan. Speaking at an event in Sendai, she mentioned that there is no significant disagreement between the finance ministry and the central bank. This statement come
In the U. S. , many people who voted for Donald Trump are feeling the pinch of higher prices. But they don't blame the president. Instead, they point fingers at big companies and the overall economy. Take Ron Dailey, a 63-year-old from Denver. He's noticed that eating out is getting more expensive.
The European Union has made a significant move to freeze Russian assets worth €210 billion indefinitely. This decision comes after months of debate and legal maneuvering. The EU used a little-known treaty clause to bypass the usual unanimity requirement, which had become a sticking point due to Hung
A crucial decision is coming up for President Donald Trump: selecting the next chair of the Federal Reserve. This isn't just any decision; it's a big deal because the Fed's actions impact everyone, from individuals taking out loans to businesses investing in growth. The Fed is supposed to be indepe
Austan Goolsbee, head of the Chicago Fed, made a bold move recently. He voted against lowering interest rates. Why? He thinks the Fed should wait for more data before making big changes. Goolsbee is not against lowering rates in the future. He just wants to make sure it's the right time. Inflation
Fernando Haddad, Brazil's Finance Minister, hinted he might step down soon. He shared this with O Globo in a recent chat. Haddad wants to help Luiz Inacio Lula da Silva's 2026 presidential campaign. He made it clear he won't run for office himself, but he wants to shape the campaign's strategy. Had
The Federal Reserve is at a crossroads. Not only is it grappling with the complex task of deciding interest rates, but it's also facing a leadership change. Jerome Powell's term as chair is ending in May, and President Trump is on the hunt for a replacement. Trump has been vocal about his desire fo
Trade talks between the US and India are getting tense. The US president, Donald Trump, has hinted at slapping new tariffs on Indian rice. This comes after American farmers complained that cheap rice imports from India, Vietnam, and Thailand are hurting their business. Trump questioned why India doe
