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Economics

Binance founder: 'We hold our profits in crypto,' 'we believe that crypto longer term will rise higher'

Changpeng "CZ" Zhao, founder of Binance, said that the company remains committed to holding profits in cryptocurrency and is confident in the sector's long-term prospects despite price fluctuations.

Economics

IMF concludes sixth review of Cabo Verde's credit facility

The International Monetary Fund (IMF) Executive Board has concluded the sixth review under the Extended Credit Facility (ECF) arrangement for Cabo Verde, initially approved on June 15, 2022.

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Economics

IMF completes third review of Somalia's economic reform program

The International Monetary Fund (IMF) Executive Board has completed the third review of Somalia's economic reform program under the Extended Credit Facility (ECF).


Economics

IMF concludes Article IV consultation with Iraq amid economic challenges

The Executive Board of the International Monetary Fund (IMF) has concluded its Article IV consultation with Iraq, endorsing the staff appraisal without a formal meeting.


Economics

IMF outlines strategies for stabilizing sub-Saharan Africa's public debts

Successful debt stabilization in sub-Saharan Africa requires strengthening public finances and institutions, alongside structural reforms and a stable macroeconomic environment.


Economics

IMF completes fourth review under ECF arrangement with Ghana

The International Monetary Fund (IMF) Executive Board has completed the fourth review of Ghana's Extended Credit Facility (ECF) Arrangement, originally approved in May 2023.


Economics

BlackRock announces acquisition agreement with real estate firm ElmTree Funds

BlackRock, Inc. has announced a definitive agreement to acquire ElmTree Funds, a real estate investment firm with $7.3 billion in assets under management as of March 31, 2025.


Economics

Nigeria continues economic reforms amid persistent challenges

Nigeria has been implementing reforms over the past two years to address long-standing economic challenges.


Economics

IMF concludes Article IV consultation with Austria amid challenging economic conditions

The International Monetary Fund (IMF) Executive Board has concluded its Article IV consultation with Austria.


Economics

IMF approves fourth review of Extended Fund Facility for Sri Lanka

The International Monetary Fund (IMF) Executive Board has completed the fourth review under the Extended Fund Facility (EFF) arrangement with Sri Lanka.


Economics

Toyota ranks among Canada's top ten respected companies

Toyota has been recognized as one of the top ten most respected companies in Canada, according to Leger's annual Reputation Study.


Economics

IMF concludes Article IV consultation with Denmark highlighting economic resilience

The International Monetary Fund (IMF) Executive Board has completed its Article IV Consultation with Denmark, endorsing the staff appraisal without a formal meeting.


Economics

IMF completes reviews for Mauritania’s extended credit facilities

The International Monetary Fund (IMF) Executive Board has completed the fourth reviews of Mauritania's Extended Credit Facility (ECF) and Extended Fund Facility (EFF), as well as the third review under the Resilience and Sustainability Facility...


Economics

U.S trade deficit widens as exports decline sharply

The U.S. Census Bureau and the U.S. Bureau of Economic Analysis reported that the United States' goods and services deficit increased to $71.5 billion in May, a rise of $11.3 billion from April's revised figure of $60.3 billion.


Economics

IMF completes second review of credit facilities with Madagascar

The International Monetary Fund (IMF) Executive Board has completed the second reviews under both the Extended Credit Facility (ECF) and the Resilience and Sustainability Facility (RSF) arrangements with Madagascar.


Economics

IMF completes third review under ECF arrangement for Ethiopia

The International Monetary Fund (IMF) Executive Board has completed the third review under the Extended Credit Facility (ECF) arrangement for Ethiopia and concluded the 2025 Article IV consultation.


Economics

IMF completes first review for DRC's credit facility amid regional conflict

The International Monetary Fund (IMF) Executive Board has completed the first review under the Extended Credit Facility (ECF) Arrangement for the Democratic Republic of the Congo (DRC), initially approved on January 15, 2025.


Economics

Toyota Canada reports increased vehicle sales in second quarter

Toyota Canada Inc. (TCI) reported a notable increase in sales for the second quarter of 2025, with a total of 73,346 vehicles sold, marking an 8.6% rise compared to the previous year.


Economics

IMF discusses economic opportunities during Article IV mission to Timor-Leste

An International Monetary Fund (IMF) team, led by Yan Carrière-Swallow, visited Dili from June 19 to July 2 for the 2025 Article IV consultation with Timor-Leste.


Economics

IMF highlights Curaçao's economic growth driven by tourism; risks remain

Curaçao's economic landscape has experienced notable growth, with a 5 percent expansion in 2024 driven by robust tourism activity.