Aggressive monetary tightening by central banks threatens the global economy, according to strategists A cycle of boom and bust will return this year and a wave of corporate debt defaults is imminent, particularly in the US and Europe, Deutsche Bank has warned.

Inflation will wipe out the effect of a recent increase in the defense budget in real terms, the newspaper claims The share of US spending on defense may drop below 3% for the first time since the Cold War era, the Wall Street Journal reports, citing the latest debt ceiling agreement as a major reason…

Trade between BRICS and Iran has been growing as Iran seeks to become a member of the alliance, according to the country’s foreign minister.  Hossein Amir-Abdollahian was speaking at the ‘Friends’ of BRICS session as part of the bloc’s foreign ministers’ meeting in Cape Town, South Africa, on Friday.