Month: August 2023

Asylum Claims and Backlog Soar to Record Highs in the UK The United Kingdom is facing a significant surge in new asylum claims and an unprecedented backlog of individuals awaiting initial decisions. Despite the government’s 2019 pledge to decrease the influx of people entering the UK, both legal migration for work and studies have also […]

In a surprising move, China’s central bank, the People’s Bank of China (PBoC), has announced a reduction in one of its key lending rates while leaving another unchanged. This decision has caught economists off guard, as they were anticipating more assertive measures to bolster the nation’s economic growth amidst growing concerns about its trajectory. As […]