UK Prime Minister: Boris Johnson hands over his successor an economic “disaster”

London CNN Business - Across the UK, businesses and families are warning that it won’t work over the winter Without help from the government. This poses enormous challenges for the next prime minister, who will be announced this week. For months, the UK suffered from a leadership vacuum as the country slid into recession and … Read more

High inflation in Turkey warns of more losses for Gulf banks

A general view of Emirates NBD on January 3, 2017 in Dubai, United Arab Emirates. Tom Dolat | Getty Images Dubai, United Arab Emirates - Banks dealing with Turkey have faced losses since the country’s currency began to decline sharply in 2018; Now, lenders in many of the oil-rich Gulf states in particular are set … Read more

Countries are taking advantage of historical surpluses to cut taxes and cuts

Jefferson City, Missouri (AP) - Driven by the largest surplus in state history, the Republican-led Missouri legislature devised a $500 million plan to send a one-time tax refund to millions of families. To the shock of some, Republican Governor Mike Parson objected. Parson’s objection: He wanted a bigger, longer-term tax cut. “Now is the time … Read more