Day: December 8, 2022

After a year of intense negotiations and a difficult global economic outlook, development partners of the African Development Fund (ADF) have agreed to commit a total package of $8.9 billion to its 2023 to 2025 financing cycle. This, according to a statement yesterday, was the largest replenishment in the history of the Fund. The ADF […]

Rep Alexandria Ocasio-Cortez, D-N.Y., is under a House ethics investigation, according to a statement issued by the House Committee on Ethics on Wednesday. The panel will announce its course of action after its organizational meeting in the next Congress, sometime in 2023, the statement said. Details about what the investigation is looking into haven’t been […]

A European cruise line’s expansion plans will bring an annual $102 million in new revenue to New York City. This is in addition to more than 200,000 additional tourists per year, Mayor Adams predicted Wednesday. Under the new deal, MSC Cruises will operate out of the Brooklyn Cruise Terminal year-round beginning next year, with voyages […]

There are three factors that could lead to inflation which include demand-pull inflation, cost-push inflation and built-in inflation. Amid record-high inflation, new data shows that rent prices may be declining across much of the country, signaling a potential shift in the real estate market. Zumper, a real estate marketplace company, analyzed rental data from over […]