Some investors view copper prices as a leading indicator of the world economy. If you are one of them, you have reason to be concerned. What’s going on: On Thursday, copper prices fell to a 16-month low as traders unloaded… Read More ›
Geopolitics
Germany Close To Imposing Gas Rationing
Following a decline in Russian supply, Germany has moved one step closer to gas rationing. According to Germany’s economy ministry, the government has activated the “alert” level of its emergency gas plan to deal with shortages. It is the latest… Read More ›
Putin Claims That Russia Is Redirecting Trade To China And India
As the West strives to cut economic connections, Russian President Vladimir Putin said Wednesday that Russia is rerouting commerce to “trusted international partners” such as Brazil, India, China, and South Africa. “We are actively engaged in reorienting our trade flows… Read More ›
UK Inflation Now At Hits 40-Year High And Highest Among G7 Countries
Food price increases boosted British consumer price inflation to a 40-year high of 9.1 per cent last month, the highest rate among the Group of Seven countries and highlighting the severity of the country’s cost-of-living crisis. The reading increased from… Read More ›
Europe Could Return To Using Coal As Russia Significantly Reduces Gas Supply
Europe’s largest Russian gas purchasers were scrambling to find other fuel supplies and even considering burning additional coal to compensate for lower gas flows from Russia on Monday, which threatened an energy crisis in winter if reserves were not replenished…. Read More ›
China’s Xi Predicts Commerce With Russia Will Break Records In The Coming Months
Despite Western sanctions on Russia for its invasion of Ukraine, Chinese President Xi Jinping has reiterated his country’s determination to trade with Russia. “Today our cooperation between Russia and China [is] rising,” Xi said, according to an official English translation… Read More ›
Bank Of England Hikes UK Interest Rates To 1.25%
Interest rates in the United Kingdom have climbed further as the Bank of England works to slow the rate of price rises. Rates have risen from 1 per cent to 1.25 per cent for the fifth time in a row, reaching… Read More ›
Revlon Declares Bankruptcy As The Online Beauty Race Hits Sales Of The Company
Revlon Inc has declared bankruptcy after succumbing to debts incurred in its efforts to compete with online-focused upstarts. In a court statement on Wednesday, the 90-year-old company, known for its nail polishes and lipsticks, stated assets and liabilities ranging from… Read More ›
US Fed Raises Interest Rates For The First Time Since 1994, Signalling A Deteriorating Economy
The Federal Reserve approved its largest interest rate hike in more than a quarter-century on Wednesday to stem a surge in inflation that U.S. central bank officials acknowledged may be eroding public trust in their power and is being driven… Read More ›
Following Rise In Bond Yields, ECB To Develop A New Instrument To Manage Fragmentation Risk
The European Central Bank revealed Wednesday that it intends to develop a new instrument to combat the possibility of eurozone fragmentation, in an effort to allay fears of a new debt crisis. The decision follows the central bank’s surprise emergency… Read More ›
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