Rising oil prices continue to weigh on the world economy as a result of the war with Iran. Now, some analysts say it could be worst as the conflict continues. The concern is that apart from the effects of rising oil prices, the disruption of the war may come in waves – it will play … Read more
However, other European countries with similar public debt burdens to Britain, such as France and Spain, have recently reduced their fuel tariffs or subsidized users. And they are not alone: Norway, Ireland and Poland have joined the European trend. Meanwhile, looming oil supply shortages are forcing many Asian countries to rely on imports. Affordability is … Read more
The chairman of the Federal Reserve Jerome Powell, in a wide speech at Harvard University, said on Monday that he sees inflation expectations established despite the rise in energy prices so the central bank does not need to respond with higher interest rates. As his term leading the central bank draws to a close, Powell … Read more
Russian billionaire Oleg Deripaska has urged citizens to adopt a 12-hour, six-day work week to accelerate the country’s economic transformation, The Moscow Times reported on March 30, 2026. Writing on his social media channels, the industrialist argued that Russia’s resources are limited and that the only way to deal with the global crisis is through … Read more
Shoppers walk past fruit and vegetable stalls at the Bauveau Market in Paris, France, on Wednesday, February 15, 2023. Bloomberg | Bloomberg | Getty Images Economic and consumer confidence fell in Europe in March, according to official data released on Monday, in the latest evidence that the war in Iran is weighing on growth and … Read more
TThe cities that are the bulwark of China’s energy security, in times of global crisis, can appear deceptively quiet. Oil trucks ply the open roads with little traffic, while a few quaint shops in dilapidated buildings give a hint of a long-forgotten local vibe. The ramshackle noodle shop serving hand-pulled noodles was empty at lunchtime, … Read more
1. For the first time, China has included a comprehensive plan to strengthen household income in its top-level policy framework, which marks a major change as policymakers deal with low consumer spending despite GDP per capita holding above $13,000 for two years. The Urban and Rural Income Development Plan, proposed by the Communist Party in … Read more
It’s not easy being a global economy right now. One month into the US and Israel’s war against Iran, fears are raising concerns about everything from supply chains to airline travel. While the price of a barrel of oil remains north of $100, from $70 before the war, the price of gas in the US … Read more
Almost two in five people of working age somewhere in the UK claim unemployment benefits, making it the country’s unemployment capital. Overall, more than 38 percent of the population aged 18 to 65 currently receives government assistance. The figures highlight a stark divide in employment opportunities, with thousands relying on benefits among the few. The … Read more