Keywords: Economy


Nvidia targets $500 billion in financing for artificial intelligence infrastructure

Nvidia is joining forces with major U.S. financial institutions in an ambitious effort to secure as much as $500 billion in financing for artificial intelligence infrastructure, highlighting the growing scale of investment required to support the rapid expansion of AI computing. According to Bloomberg,......

US existing home sales fall for second month as mortgage rates weigh on market

The US housing market lost further momentum in July, with existing home sales declining for a second consecutive month as elevated mortgage rates and limited inventory continued to constrain activity. Existing-home transactions fell 1.7% in July to a seasonally adjusted annual rate of 4.06 million units,......

Brent crude rises above $90 as Iran-US standoff keeps Hormuz Strait blocked

Oil prices climbed sharply on Tuesday as financial markets reacted to the continued disruption in the Strait of Hormuz and the absence of progress between Iran and the United States. The latest move pushed the benchmark Brent contract briefly above the $90-a-barrel threshold, highlighting renewed concerns......

Trump says Iran faces severe economic turmoil as Washington weighs three strategies

US President Donald Trump has described Iran’s economic situation as being in severe disarray, while outlining three possible approaches for dealing with Tehran as Washington continues to apply economic and political pressure. In an interview with Real America’s Voice, Trump claimed that......

Natural disaster losses fall by more than a third to $100 billion in first half of 2026

Economic losses caused by natural disasters fell sharply during the first half of 2026, reaching an estimated $100 billion, according to an initial assessment by Swiss Re. The figure represents a decline of more than one-third compared with the same period in 2025 and stands about 10% below the average......

Bank of Japan signals faster rate hikes amid rising inflation concerns

The Bank of Japan is showing growing readiness to tighten monetary policy as policymakers become increasingly concerned that inflation could remain above the central bank’s 2% target. A summary of recent discussions revealed that several officials are considering a faster pace of interest-rate......

Heatwaves threaten Europe’s economy with losses of up to €180 billion

Europe’s increasingly intense heatwaves are emerging as an economic threat, with extreme temperatures and drought putting pressure on productivity, agriculture and overall economic growth. A report by Dutch sustainable finance bank Triodos estimates that climate-related disruptions could cost......

China tightens margin trading rules after sharp stock market sell-off

Chinese financial authorities are taking steps to reduce risks in the stock market after a period of intense volatility and sharp declines. Brokerage firms have reportedly strengthened their checks on investors seeking margin financing or access to options trading. The new measures include closer assessments......

Nigeria’s cost-of-living crisis deepens as election approaches

Nigeria’s cost-of-living crisis is putting increasing pressure on households as the country moves closer to its next election, with rising prices eroding the purchasing power of workers despite signs of stronger foreign investment. For many Nigerians, higher salaries have failed to keep pace with......