In recent months, the Federal Reserve made avoidable mistakes that fueled inflation. That's the view of a range of economists and policymakers, including some voting members of the Federal Open Market Committee. In the spring, some FOMC members called for...

President Gotabaya Rajapaksa has fled Sri Lanka in a military jet, amid mass protests over the island's economic crisis. The country's air force confirmed the 73-year-old flew to the Maldives with his wife and two security officials.

Indonesian President Joko Widodo is the latest world leader to visit Ukraine, arriving in the capital Kyiv from Poland by train on June 29, 2022. In talks with Volodymyr Zelensky, Widodo offered to deliver a message from the Ukrainian president to Russian...

Sri Lanka announced a two-week ban on fuel sales for all non-essential services, starting from June 28, 2022, as the island nation faces its worst economic crisis in 70 years. Schools have also been shut to reduce the need for commuting, and the governmen...

A new warning says the Covid-19 pandemic and Russia’s invasion of Ukraine mean the global economy might be on the brink of high prices and low economic growth.

Sri Lanka is experiencing its worst economic crisis since its independence. No industry has remained untouched by this crunch. The tea industry, one of the most crucial industries for the country's GDP, is facing a double whammy: the economic slump and il...

Warren Buffett warns investors of rapidly increasing inflation and explains the best ways to protect yourself from its negative consequences. Listen to his advice closely; Mr. Buffett knows how to get through these times.

Are we entering a new age where serious downturns caused by genuine economic hardships can be avoided with piles of cash? Or is this all just putting off the inevitable and potentially making it worse further down the road?