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Despite damaging Western sanctions imposed on Moscow in the wake of the invasion of Ukraine, Russia's economy appears to be weathering the storm better than expected as it benefits from high energy prices, the IMF said Tuesday. Meanwhile, rising energy prices are "providing an enormous amount of revenues to the Russian economy."
The global economy is facing a worrisome slowdown, but the critical priority for policymakers is to bring raging inflation under control, the IMF's chief economist said Tuesday. - Signs of hope - Some of the primary risks facing the global economy are beyond the control of policymakers, including the potential for Russia to shut off gas supplies to Europe.
Honduras on Tuesday extradited Herlinda Bobadilla, a 61-year-old alleged gang leader arrested in a shootout that killed one of her sons, to the United States on drug charges.
Canadian e-commerce platform Shopify laid off about 10 percent of its workers Tuesday as a pandemic-driven boom in online shopping has waned. Shopify beefed up its team as online shopping boomed during the pandemic, gambling that the lifestyle shift would remain even when restrictions eased, Lutke told workers.
German national carrier Lufthansa said it would have to cancel almost all flights at its domestic hubs in Frankfurt and Munich on Wednesday because of a planned strike by ground crew, adding to a summer of travel chaos across Europe.
Award-winning rapper Medikal, born Samuel Adu Frimpong, celebrated his wealth by showing off a luxury car in new photos on social media on Monday, July 25.
Moscow said on Tuesday it was leaving the International Space Station "after 2024", amid tensions with the West, in a move analysts warned could lead to a halt to Russian manned flights.
Ghanaian actress and business mogul, Michy, and her son, Majesty, keep showing that they are an adorable duo. They were spotted paintballing at a park in Ghana.
Potential red flags such as the low cheap price of homes and others to look out for when house hunting which will prevent people from losing a lot of money
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