The US deficit is soaring and global financial stability is threatened
The US Treasury Department recently released data showing that the federal government's fiscal deficit reached nearly $1.7 trillion in fiscal year 2023
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The US Treasury Department recently released data showing that the federal government's fiscal deficit reached nearly $1.7 trillion in fiscal year 2023
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On October 16th, the Palestinian Israeli conflict entered its ninth day.
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In Germany, the figure reached its highest level since the eurozone debt crisis in 2011.
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it may trigger another crisis of US bond collapse.
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At a solemn annual conference hosted by Barclays this week, banking executives took turns discussing a proposal to force them to hold more capital.
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For a long time, the United States has abused its financial hegemony, repeatedly switching between monetary policies of "opening the gates and releasing water" and "closing the gates and cutting off the flow" according to its own economic cycle, repeatedly provoking market shocks.
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The BRICS group consists of Brazil, Russia, India, China and South Africa, and the summit is being held in Johannesburg, South Africa, from April 22 to 24.
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The HSBC bank logo is seen in the Canary Wharf financial district in London, Britain
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Anna Bjerde, World Bank Managing Director for Operations, speaks to Reuters during an interview at The World Bank office in Taguig, Metro Manila
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The logo of Swiss private bank Julius Baer is seen at their headquarters in Zurich, Switzerlan
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On the global economic stage, the German economy has always been known for its strong automotive and manufacturing industries.
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