North Korea shuns foreign aid as COVID disaster looms | Corona virus pandemic news

Hwaseong, South Korea – Like any other country, North Korea can do help against COVID-19. The country’s population is not immune and vulnerable to disease due to chronic malnutrition. The crumbling health care system lacks supplies of essential medicines and equipment. But even as North Korea faces the prospect of a humanitarian catastrophe amid the … Read more

Opinion: There is no mystery to success as an entrepreneur: it is a skill that can be learned

Eric Morse is Executive Director of the Morissette Institute of Entrepreneurship at the Ivy School of Business. Neil McLaughlin is Head of the Personal and Commercial Banking Group at Royal Bank of Canada. An entrepreneur’s journey often begins without capital, a team, or a market. But almost all of them start their projects with an … Read more

Fuel is a problem for business and consumers – why prices are so high

A sign displays gas prices at a gas station on May 10, 2022 in San Mateo County, California. Liu Guangan | China News Service | Getty Images It’s impossible to overlook the skyrocketing price of gasoline and right in the head of consumers’ minds as big billboards advertise that gas is now $4, $5 and … Read more

New Zealand distributes additional funds to combat the “inflation storm” | Health, medicine and fitness

By Nick Perry – The Associated Press Wellington, New Zealand (AFP) – The New Zealand government said Thursday it will distribute a few hundred extra dollars to more than two million low-income adults to help them navigate what it describes as the “peak of a global inflation storm”. The payments are part of a package … Read more

Retailers ask Visa and MasterCard to raise fees that could make inflation worse

Last month, the two credit card companies combined some of their exchange rates, or the fees merchants pay with each credit or debit card transaction. These so-called “withdrawal fees” are then paid to the card-issuing bank but are largely invisible to the consumer. However, some retailers claim that the additional fees will force them to … Read more

Explainer: Why is Wall Street so close to a bear market?

New York (AFP) – Bears are heading towards Wall Street. This year’s stock market slump has pushed the S&P 500 index close to what’s known as a bear market. High interest rates, high inflation, the war in Ukraine and a slowing Chinese economy have caused investors to reconsider the prices they are willing to pay … Read more

With inflation slowing and the ruble rising, Russia hopes to avoid a crisis

Russian President Vladimir Putin. pool | Reuters Russia believes it has weathered the financial crisis with its currency strengthening and economic data improving, but strategists say the numbers hide some ugly facts for Moscow. Although inflation is rising in the country, there are signs that price increases are slowing and will continue to slow, while … Read more

Yellen calls for ‘huge’ economic aid to Ukraine | Business and Economics News

The United States is currently preparing a $40 billion package for Ukraine and is expected to win final approval in the Senate as soon as Wednesday. by Christopher Condon and Christopher AnsteyBloomberg Posted on May 17, 2022May 17 2022 US Treasury Secretary Janet Yellen has issued a call for widespread economic aid to Ukraine, warning … Read more

Musk and Bezos agree to determine who is responsible for inflation

It’s rare to see Elon Musk and Jeff Bezos agree on things. The first is the world’s richest man, with an estimated fortune of $213 billion as of May 16, according to Bloomberg Billionaire Index. The second is the second richest man on the planet. His fortune is estimated at $135 billion. Musk and Bezos … Read more

Waltz and top lawmakers reach bipartisan agreement to end session | Health, medicine and fitness

By Steve Karnosky – The Associated Press St. POOL, Minnesota (AFP) – Democratic Governor Tim Walz and legislative leaders said Monday they have reached a bipartisan agreement on a broad framework for distributing a huge budget surplus with only one week left in session. The agreement will allocate $4 billion for tax relief, and another … Read more