US Share of World Economy Projected to Reach Historic Low
The U.S. share of the global economy has fallen below 15% during President Joe Biden’s term, according to Sputnik’s analysis of World Bank and International Monetary Fund (IMF) data. Once peaking at over 21% in 1999, the U.S. has seen a steady decline, with China now commanding a larger share at 18.76%. This downward trend […]
Vivek Ramaswamy Calls to End Federal Bureaucracy: ‘We Have Too Many Laws’
Vivek Ramaswamy has voiced strong criticism against the federal bureaucracy, emphasizing that unelected officials are behind most laws, not Congress. He called for bipartisan efforts to dismantle the regulatory state. Ramaswamy emphasized that reducing bureaucratic power will drive prosperity, quoting key political figures and citing the success of airline deregulation as proof of his argument. […]
China and South Africa Boost BRICS Ties: Key Outcomes from Xi’s Meeting With Ramaphosa
China and South Africa committed to deepening cooperation within the BRICS framework during South African President Cyril Ramaphosa’s second state visit to China, where he met with Chinese President Xi Jinping. The leaders emphasized the importance of expanding BRICS and enhancing economic coordination to support sustainable development. China and South Africa Reaffirm Commitment to Strengthening […]
No Rate Cuts Yet: Fed Maintains Rates at Historic Highs
The U.S. Federal Reserve has opted to maintain the federal funds rate target range at 5.25-5.5%, according to the latest report from the Federal Open Market Committee (FOMC). The committee noted that while inflation has eased over the past year, it remains somewhat elevated, with the overarching goal being to bring inflation down to the […]
Latvia's economic shift: Minister of Economics on crypto law and blockchain innovations
Latvia’s Minister of Economics Viktors Valainis shared insights on the country’s vision for a tech-driven future and new crypto laws and blockchain initiatives aimed at transforming its economy. This post was originally published on this site
Latvia's economic shift: Minister of Economics on crypto law and blockchain innovations
Latvia’s Minister of Economics Viktors Valainis shared insights on the country’s vision for a tech-driven future and new crypto laws and blockchain initiatives aimed at transforming its economy. This post was originally published on this site
IMF Advises US to Keep Interest Rates Steady Through Late 2024
The International Monetary Fund (IMF) has advised the U.S. to improve its fiscal position by reducing spending and increasing revenues. The IMF emphasizes addressing rising debt through policy adjustments and recommends maintaining current interest rates until late 2024. “Given those risks, we agreed that the Fed should keep policy rates at the current level until […]
Bitwise Analysis: AI and Crypto Fusion Poised to Elevate Global Economy by $20 Trillion
Bitwise’s Senior Crypto Research Analyst, Juan Leon, predicts a transformative impact on the global economy as artificial intelligence (AI) and cryptocurrency converge, potentially adding $20 trillion to the global Gross Domestic Product (GDP) by 2030. AI and Crypto — The Trillion-Dollar Synergy Leon’s bold forecast was emphasized at the recent Consensus conference in Austin, which […]
Australia needs blockchain ‘more than ever’ to flip productivity freeze
Australian Parliament Member Andrew Charlton said he believes blockchain technology could add $60 billion to the economy. This post was originally published on this site
Intel and AfDB to train millions of Africans in AI
The initiative aims to equip many Africans with Fourth Industrial Revolution (4IR) skills, including skills in advanced technologies like artificial intelligence, robotics, and data science.This post was originally published on this site