2018, that is about 291 percent of GDP. European banks are in trouble for several reasons.
Interest rates, which influence the cost of borrowing, are on the rise after the Federal Reserve kept them near zero for years.
Turkey, Japan and Russia have calculated how much US tariffs would add to the cost of steel and aluminum exports to America, and submitted their claims to the World Trade Organization.
There’s a ‘decent probability’ bitcoin goes to zero, says Vanguard economist.
OIL advanced near US$72 a barrel as an economic truce between the United States and China eased fears of a trade war, and before a meeting on crude prices between the ministers of top producers Russia and Saudi Arabia.
Venezuelan President Nicolas Maduro won re-election to another six-year term on Sunday, despite widespread anger over the South American country's crushing economic and social crises.
Do you feel as if you’re drowning in debt? It’s worse than you think.
The European Union is considering switching payments from the US dollar to the euro after Washington threatened to target European firms working in Iran, according to reports.
Jan Hatzius, chief economist at Goldman Sachs, sees the deficit ballooning to $2.05 trillion (7 percent of GDP) by 2028.
Americans are in a borrowing mood, and their total tab for consumer debt could reach a record $4 trillion by the end of 2018.