New Hungarian Prime Minister Says Borders Will Remain Shut To Immigrants

IEA Delivers No SPR Action After Extraordinary Meeting As Crude Jawboning Mania Enters Day Two Update (1514ET):  For a second straight day, G-7 leaders attempted to push crude prices lower with headlines about an "emergency meeting" to discuss a possible Strategic Petroleum Reserve (SPR) release aimed at containing Brent and WTI crude prices. However, by late afternoon in New York, the Financial Times reported that the International Energy Agency (IEA) had concluded the meeting without reaching a decision on a coordinated release of crude stockpiles. Today's slide in Brent and WTI was...

Britain Once Led The World. What Happened? Authored by Damian Pudner via the Foundation for Economic Education, An unsettling look at the economic settlement that the UK now seems willing to accept can be found in the latest fiscal forecast, published on March 3. By the end of the forecast period, borrowing will have decreased from 5.2 percent of gross domestic product (GDP) in 2024–2025 to about 1.6 percent. Public debt stabilizes at roughly 95 percent of national income. At those levels, even small shifts in interest rates matter: The Office for Budget...