World economies

Okiya

Elder Lister
Reuters: China's state banks ordered to buy stocks to prevent selling.

British pound falls to 37 year low.Pound now almost at parity with the dollar

Britain heading for IMF bailout.

Economist Nouriel Roubini, who correctly predicted the 2008 financial crisis, has said there is a "long and ugly" global recession coming up that could last all of 2023.

Strict export conditions for Kenyan exports to China led to a 10.7% decline in Horticultural exports.

US 30-Year Mortgage rates hit 6.25%, the highest since 2008.

Credit card debt in US is up 13% in Q2, most since 2002


Italy exit polls show the Anti EU nationalist
Georgia Meloni is likely to be Prime Minister.

One of Europe's most authoritarian politicians, the unelected EU Commission President Ursula von der Leyen, threatened to sanction Italy if its citizens voted for Georgia Meloni

The Indian rupee has fallen to an all-time low against the dollar

Half of the NSSF contributions were used up in NSSF expenses.

The cost of shipping goods from China has dropped to the lowest level in more than two years as the global economy slows, dimming prospects for container carriers that reaped record profits during the pandemic

Crude oil price
Six months ago: $114
Now: $78

Palm Oil price slips more than 6% to trade at lowest levels since June 2021

President Ruto calls for prayers for Kenya’s economy; says the national debt is the country’s greatest burden

According to National Drought Management Authority (NDMA), Kenya is facing an unprecedented severe drought due to the cumulative impacts of four consecutive failed rainy seasons.

Melilla is now the 1st Spanish city to surpass a 50% Muslim population due to immigration, family reunification & high birth rates
 
Man, look at the kind of accuracy this man speaks. It didn't take weeks. The British sterling pound is on a free fall.
How I wish we had someone who visualizes things like him
20220926_181812.jpg
 
Man, look at the kind of accuracy this man speaks. It didn't take weeks. The British sterling pound is on a free fall.

The chancellor did a U-turn yesterday. The pound is now strengthening. Was 127 Vs Kenya shilling a week ago. Now it's at 137.

 
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