An inflation gauge closely monitored by the Federal Reserve jumped 6.4% in February compared with a year ago, with sharply higher prices for food, gasoline and other necessities squeezing Americans’…
more ...Russia’s Ruble Rebound Raises Questions of Sanctions’ Impact
The ruble is no longer rubble. The Russian ruble by Wednesday had bounced back from the fall it took after the U.S. and European allies moved to bury the Russian…
more ...The Global Economic Impact of Russia’s Invasion of Ukraine
Russia’s military invasion of Ukraine has not only created one of the world’s most tragic humanitarian crises but resulted in economic devastation that will reverberate far beyond Ukraine’s borders. …
more ...Mumbai to Rebuild Century-Old Tenements: Boon or Bane?
For Mumbai resident Shailesh Kambli a childhood dream is about to translate into reality. The 40-year-old is the third generation of his family living in a cramped, 15-square meter room…
more ...Research Claims Widespread Fraud in Australia’s Official Carbon Abatement Scheme
Australia’s 11-year-old carbon credit scheme aims to reward farmers, landholders and other businesses to store carbon in trees, the soil or to use different methods to cut emissions. For every…
more ...For a California Cafe, a New Lease Is Hope After Two Bad Years
Last month, not quite two years after the COVID-19 pandemic sent the U.S. and world economies into their steepest downturn in decades, Chris and Amy Hillyard renewed the lease on…
more ...New World Order? Pandemic and War Rattle Globalization
Globalization, which has both fans and detractors alike, is being tested like never before after the one-two punch of COVID and war. The pandemic had already raised questions about the…
more ...Biden Budget to Trim $1 Trillion from Deficits Over Next Decade
President Joe Biden intends to propose a spending plan for the 2023 budget year that would cut projected deficits by more than $1 trillion over the next decade, according to…
more ...US Aid Will Help Europe Replace Russian LNG but Not Pipeline Gas
The announcement Friday that the United States will help Europe find alternative sources for the 15 billion cubic meters of liquefied natural gas (LNG) that it imports from Russia every…
more ...War in Ukraine Dims Prospects for Global Growth This Year
U.N. economists warn prospects for global growth this year are rapidly fading as the adverse impact of the war in Ukraine kicks in. The U.N. Conference on Trade and Development,…
more ...American Weekly Jobless Claims at Lowest Level since 1969
The number of Americans applying for unemployment benefits last week fell to its lowest level in 52 years as the U.S. job market continues to show strength in the midst…
more ...Sanctions Halt Millions of Dollars in Kenyan Trade to Russia
Kenya’s tea and flower exporters say global sanctions to punish Russia for invading Ukraine have halted millions of dollars of Kenyan trade with Russian importers. While they hope for peace,…
more ...Ukraine War Pushing Food Prices Even Higher
The world is feeling the effects of the war in Ukraine from the gas pump all the way to the dinner table. Food prices are climbing just about everywhere, raising…
more ...The Impact of the Russian Invasion on Food Prices Around the World
What Russia’s war in Ukraine means for food prices around the world …
more ...New Corporate Climate Change Disclosures Proposed by SEC
Companies would be required to disclose the greenhouse gas emissions they produce and how climate risk affects their business under new rules proposed Monday by the Securities and Exchange Commission…
more ...Amid Western Sanctions, India Explores Rupee-Ruble Mechanism for Trade with Russia
India is considering establishing a payment mechanism in local currencies to allow it to continue trade with Russia, which has been hit with Western sanctions in response to its invasion…
more ...Small Businesses in Nigeria Face Downtime Amid Fuel, Electricity Shortages
Weeks of scarce fuel coupled with a failing national electricity grid are hurting countless small businesses across Nigeria. Some businesses have temporarily shut down, while others reduced hours to cope…
more ...Hundreds оf Western Businesses Are Leaving Russia, Their Employees in Limbo
Many western companies and brands have temporarily closed their locations in Russia or stopped selling products there. But officials for the some of the companies say they will continue to…
more ...Ukraine War Profits Fuel Unease in Norway
One man’s loss may be another’s unfortunate gain, and the Ukraine conflict is proving a boon to some energy-producing nations as oil prices soar. The war has given an unexpected…
more ...Fewer Americans Filed for Jobless Claims Last Week
Fewer Americans applied for unemployment benefits last week as layoffs continue to fall amid a strong job market rebound. Jobless claims fell by 15,000 to 214,000 for the week ending…
more ...Reports of Fake Banknotes Rise Amid Economic Turmoil in Myanmar
Reports of counterfeit banknotes circulating in Myanmar have skyrocketed in recent weeks amid the junta’s mismanagement of the economy, but experts say the military regime is ill-equipped to address the…
more ...US Begins Inflation Fight With Key Rate Hike; More to Come
The U.S. Federal Reserve launched a high-risk effort Wednesday to tame the worst inflation since the early 1980s, raising its benchmark short-term interest rate and signaling up to six additional…
more ...QR Codes Seen as Key to Reviving the Fading Glory of Kashmiri Carpets
Traditional Kashmiri carpet weavers are turning to a 21st century technology already embraced by French winemakers and other international purveyors to boost sales by reassuring buyers that they are buying…
more ...India in Talks with Russia to Buy Discounted Crude Oil
India is exploring the possibility of buying oil from Russia amid sanctions imposed by Western countries in the wake of its invasion of Ukraine. India’s petroleum and natural gas minister,…
more ...Ship From Same Firm That Blocked Suez Canal Runs Aground in US
A massive container ship, owned by the same company whose vessel last year blocked the Suez Canal, has run aground near the U.S. port of Baltimore, U.S. officials said Monday.…
more ...Putin Threatens to Nationalize Western Companies that Exit Russia
Russian officials have said that they will move to nationalize the assets of Western companies that pull out of their country over its invasion of Ukraine, a decision that will…
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