The Central Bank of Egypt lowered the overnight deposit rate to 22% during its policy meeting on August 28, 2025/ representative Image Gold prices in Egypt surged on Friday, August 29, 2025, with 21-karat gold reaching EGP 4,650 (approximately $97.65), marking a sharp response to the Central Bank of Egypt’s recent decision to lower key […]
Elon Musk, the billionaire CEO of Tesla, SpaceX, and xAI, has reignited global debate by declaring that concerns about overpopulation are “the most nihilistic lie ever told.” In a series of posts on X, Musk argued that the real threat facing humanity is not overpopulation but a dramatic, accelerating decline in birth rates. By calling […]
A woman and her partner in Beijing, Tuesday, Aug. 5, 2025. (AP) As China’s population approached 1 billion in the late 1970s, the then Chinese leader Deng Xiaoping introduced the one-child policy in 1979, and China even fined parents for having more children. Four decades later, the government has turned the policy upside down and […]
The fertility rate in the United States fell to its lowest point in history in 2024, just under 1.6 children per woman, according to new data released by the CDC on Thursday. The rate is well below the replacement level of 2.1 and now sits close to that of many western European countries. This marks […]
Officials at the Federal Reserve on Friday showed little sign of deviating from their message that there is no urgency to lower interest rates, despite a claim by President Trump that there is “no inflation.” A solid economy affords the central bank the flexibility to wait and see what the economic impact of Mr. Trump’s […]
File photo: US federal reserve chair Jerome Powell (Picture credit: AP) US Federal Reserve Chair Jerome Powell on Wednesday warned that US President Donald Trump’s escalating and uncertain tariff policies could force the central bank into a difficult position where its key objectives, low inflation and maximum employment, might come into conflict. “I think there’s […]
US president Donald Trump on Tuesday said he does not plan to remove Federal Reserve Chair Jerome Powell, even as he renewed his call for the central bank to lower interest rates. Speaking at a White House event, Trump tried to ease market concerns sparked by speculation about Powell’s future. “I have no intention of […]
