Russia posted its first monthly budget surplus of the year in June as revenue jumped, buoyed in part by a surge in oil and gas receipts that’s likely to prove short-lived.
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Russia posted its first monthly budget surplus of the year in June as revenue jumped, buoyed in part by a surge in oil and gas receipts that’s likely to prove short-lived.
Three consecutive downside inflation surprises and the slowest private-sector wage growth since 2020. It should be enough to convince investors that the Bank of England is entertaining interest rate cuts.
An unprecedented transfer of wealth in the coming decades is likely to disproportionately benefit America’s most affluent families, boosting their fortunes by trillions of dollars, according to a July report…