After months of bickering inside his three-way coalition with the Greens and the pro-business Free Democrats, Germany's Olaf Scholz fired his finance minister last week.

Global and Middle Eastern stock markets were affected by political tensions following the assassination of Ismail Haniyeh in Tehran and the earlier killing of Hezbollah military commander Fouad Shukr in Beirut by an Israeli raid.

Germany, Europe’s largest economy, is facing a prolonged and painful downturn, as the latest reports show no signs of a swift and robust recovery.

Today, the world is experiencing an inflation crisis that fears that it will turn into a recession, especially with the US Federal Reserve's strict policies.

The world economy today is going through an exceptional situation, before recovering from the Covid-19 pandemic, and 2023 is not going to be less harsh than 2022.