-
'Emotional' Yu, 12, celebrates historic world swimming medal
-
Stocks struggle as Trump unveils new tariff sweep offsets earnings
-
Landslide-prone Nepal tests AI-powered warning system
-
El Salvador parliament adopts reform to allow Bukele to run indefinitely
-
What are all these microplastics doing to our brains?
-
Zverev rallies in Toronto to claim milestone 500th ATP match win
-
Farrell says debate over Australia as Lions destination 'insulting'
-
After stadium delays, African Nations Championship kicks off
-
US tech titan earnings rise on AI as economy roils
-
Nvidia says no 'backdoors' in chips as China questions security
-
Wallabies' Tizzano absent from third Lions Test after online abuse
-
Famed union leader Dolores Huerta urges US to mobilize against Trump
-
Richardson, Lyles ease through 100m heats at US trials
-
Correa returning to Astros in blockbuster MLB trade from Twins
-
Trump orders tariffs on dozens of countries in push to reshape global trade
-
Trump to build huge $200mn ballroom at White House
-
Heathrow unveils £49 bn expansion plan for third runway
-
'Peaky Blinders' creator to pen new James Bond movie: studio
-
Top seed Gauff rallies to reach WTA Montreal fourth round
-
Gas workers uncover 1,000-year-old mummy in Peru
-
Brazil vows to fight Trump tariff 'injustice'
-
Michelsen stuns Musetti as Ruud rallies in Toronto
-
Oscars group picks 'A Star is Born' producer as new president
-
Apple profit beats forecasts on strong iPhone sales
-
Michelsen stuns Musetti at ATP Toronto Masters
-
Peru's president rejects court order on police amnesty
-
Google must open Android to rival app stores: US court
-
Amazon profits surge 35% as AI investments drive growth
-
Trump envoy to inspect Gaza aid as pressure mounts on Israel
-
US theater and opera legend Robert Wilson dead at 83
-
EA shooter 'Battlefield 6' to appear in October
-
Heavyweight shooter 'Battlefield 6' to appear in October
-
Justin Timberlake says he has Lyme disease
-
Atkinson and Tongue strike as India struggle in England decider
-
US theater and opera auteur Bob Wilson dead at 83
-
In Darwin's wake: Two-year global conservation voyage sparks hope
-
Microsoft valuation surges above $4 trillion as AI lifts stocks
-
Verstappen quells speculation by committing to Red Bull for 2026
-
Study reveals potato's secret tomato past
-
Squiban solos to Tour de France stage win, Le Court maintains lead
-
Max Verstappen confirms he is staying at Red Bull next year
-
Mitchell keeps New Zealand on top against Zimbabwe
-
Vasseur signs new contract as Ferrari team principal
-
French cities impose curfews for teens to curb crime
-
Seals sing 'otherworldly' songs structured like nursery rhymes
-
India captain Gill run out in sight of Gavaskar record
-
Trump's global trade policy faces test, hours from tariff deadline
-
Study reveals potato's secret tomato heritage
-
Wirtz said I would 'enjoy' Bayern move, says Diaz
-
West Ham's Paqueta cleared of betting charges
CMSC | 1.09% | 22.85 | $ | |
SCU | 0% | 12.72 | $ | |
RIO | 0.47% | 59.77 | $ | |
NGG | 0.28% | 70.39 | $ | |
GSK | -4.9% | 37.15 | $ | |
BTI | 0.97% | 53.68 | $ | |
RBGPF | 0.69% | 74.94 | $ | |
BP | -0.31% | 32.15 | $ | |
BCC | -1.29% | 83.81 | $ | |
JRI | 0.15% | 13.13 | $ | |
CMSD | 0.9% | 23.27 | $ | |
SCS | 0% | 10.33 | $ | |
BCE | -0.86% | 23.33 | $ | |
RYCEF | 7.62% | 14.18 | $ | |
AZN | -4.79% | 73.09 | $ | |
RELX | 0.21% | 51.89 | $ | |
VOD | -2.31% | 10.81 | $ |
Finance’s Role in Economic Ruin
The finance industry, often hailed as the backbone of modern economies, has a darker side that increasingly threatens global stability. Since the 2008 financial crisis, triggered by reckless speculation in mortgage-backed securities, the sector’s unchecked growth has sown seeds of destruction. In the United States alone, the financial sector’s share of GDP rose from 2.8% in 1950 to 8.4% by 2020, yet it produced no tangible goods, instead profiting from debt and risk. Critics argue this shift diverts capital from productive industries like manufacturing—down from 27% to 11% of US GDP over the same period to speculative bubbles.
The 2023 collapse of Silicon Valley Bank, fuelled by over-leveraged bets on tech stocks, cost $20 billion in bailouts and sparked a domino effect across European markets. In the UK, the 2022 mini-budget crisis, exacerbated by hedge fund short-selling of gilts, pushed borrowing costs to record highs. Economist Ann Pettifor warns, “Finance thrives on instability it creates”. With global debt at $305 trillion—three times world GDP—experts fear the industry’s pursuit of profit through complex derivatives and high-frequency trading could precipitate another crash. Is finance an engine of growth or a wrecking ball?

Can Poland Rescue Europe?

Trump’s Tariffs Spark Global Fear

Georgia Slips into Russia’s Grasp

Trump’s Ukraine Economic Colony Plan Stirs Debate

China Targets Dollar at US Critical Moment

EU Pledges €800 Billion for Defence to Deter Russia

Israel escalates War to crush Hamas

Trump, Putin and the question: What now?

Canada challenges Trump on Tariffs

Nuclear weapons for Poland against Russia?

Rebellion against Trump: "Ready for War?"
