The World Bank has issued a warning regarding the cash-based economy in crisis-hit Lebanon, stating that almost half of the country's economy operates on cash due to the erosion of trust in banks. This has…

Unemployment among Chinese youth surpassed 20 percent in April, marking a significant economic and social risk for policymakers, according to analysts. The National Bureau of Statistics (NBS) confirmed that the jobless rate for the 16-24…

The US Federal Reserve has cautioned that the recent banking turmoil could trigger a broad credit crunch that could slow the country's economy. The collapse of Silicon Valley Bank and Signature Bank in March, followed…

The European Commission and the European Investment Bank have jointly unveiled a €18 billion funding package under Europe's investment strategy for partner countries, Global Gateway. The funds will support investment in three priority areas of…

Bitcoin and Ether both experienced losses to start the week and new month, as investors speculated that the takeover of First Republic Bank could mark the end of the financial crisis. According to Coin Metrics,…