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Global Economic News

OPEC+ to Accelerate Oil Output Increases

Staff Reporter OPEC+ is set to speed up its oil output increases and may fully reverse its 2.2 million barrels per day voluntary cuts by the end of October unless member compliance with production quotas improves, according to four sources within the group. In a surprising...

DOGE Savings Hit $160 Billion as Wasteful Contracts Get Cut

  Staff Reporter The Department of Government Efficiency (DOGE) has announced a significant milestone, with taxpayer savings reaching $160 billion, as detailed on the official DOGE website. These savings stem from a variety of actions, including asset sales, contract cancellations, fraud eliminations, and workforce reductions, averaging about...

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Trump Tells Alabama Graduates: Use Your Business Skills to Strengthen America, Not Just Build Portfolios

Staff Reporter Your future is in your hands. Work hard, never give up, and strive...

Trump’s Budget Proposes $3.2 Billion for World Bank Fund Aimed at Poorest Nations

Staff Reporter On Friday, President Donald Trump urged Congress to approve $3.2 billion in contributions...

Survey: 40% of Tesla Owners Experience Vandalism Amid Soaring Insurance Costs

  Staff Reporter A recent survey indicates that over 40% of Tesla owners have faced vandalism...

U.S. Homeownership Rate Drops to Lowest Level in Five Years

Staff Reporter The homeownership rate in the United States has dipped to 65.1 percent in...

India Set to Overtake UK as Largest Migrant Community in Australia: ABS

Staff Reporter Australia's population is becoming increasingly multicultural, with over 8.6 million residents born overseas—accounting...

Emirates Executive Reports No Impact from U.S. Tariffs, Remains Cautious

Staff Reporter Emirates Airlines has not experienced any effects from U.S. tariffs under President Donald...

Volkswagen Warns Tariffs Will Impact Profits as Earnings Plunge 40%

Staff Reporter Volkswagen (VOW3.DE, VWAGY) announced on Wednesday that it expects its profit margins for...

California Becomes the World’s Fourth-Largest Economy in 2024

Staff Reporter California Governor Gavin Newsom announced on April 23 that the state has now...

Generative AI Could Be Fueling Freight Industry Fraud

Staff Reporter Emerging AI technologies are often touted for their potential to optimize the freight...

Euro Zone Economy Faces Uncertain Future, ECB Officials Warn

  Staff Reporter European Central Bank (ECB) officials issued a stark warning on Monday about the...

S&P Warns Australia’s AAA Rating at Risk Due to Election Promises

Staff Reporter S&P Global Ratings has issued a warning that Australia’s coveted AAA sovereign credit...

Private Equity Firm Expands to Facilitate Investments in U.S. Oil and Gas Sector

In recent developments within the U.S. energy sector, American Energy Fund (AEF), a Texas-based...

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Warren Buffett to Step Down as Berkshire Hathaway CEO at End of 2025: What Changes and What Stays the Same

Staff Reporter Warren Buffett has announced he will step down as CEO of Berkshire Hathaway...

OPEC+ to Accelerate Oil Output Increases

Staff Reporter OPEC+ is set to speed up its oil output increases and may fully...

Tether CEO Paolo Ardoino Warns: ‘Many’ European Banks at Risk of Collapse in Coming Years

Staff Reporter Tether CEO Paolo Ardoino has issued a serious warning regarding the state of...

DOGE Savings Hit $160 Billion as Wasteful Contracts Get Cut

  Staff Reporter The Department of Government Efficiency (DOGE) has announced a significant milestone, with taxpayer...