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America One News
12 May 2024
#politics
#economy
Le Monde: Soaring US dollar is weakening emerging economies
The strong dollar poses a threat to emerging markets, as currencies like the Indonesian rupiah and Indian rupee hit all-time lows. This is bad news for countries reliant on imports and foreign debt.
Emerging countries are cautious in lowering interest rates to boost their economies due to fear of capital flight to the US. Brazil and Mexico are keeping rates steady amidst global economic uncertainty.
#culture
The Telegraph: ‘Monumental’ George Stubbs painting up for auction
A rare George Stubbs painting, Mares and Foals, is up for auction. Expected to fetch millions at Christie’s, it is one of a series painted in the 1760s. Originally owned by the 18th-century prime minister, it was acquired privately in the mid-20th century and has a fascinating history.