Category: Economy News

Russian war is endangering Middle East`s food
Economy News

Russian war is endangering Middle East`s food

Russia’s unprovoked invasion of Ukraine now endangers a considerable proportion of the wheat and grain that these countries depend on. Concurrently, Russia and Ukraine account for roughly one-third of the world’s global wheat exports, almost

Canadian banks are fighting hard labor market
Economy News

Canadian Banks Are Fighting Hard Labor Market

Their expansion amid swelling inflation could threaten profit margins, mainly as higher interest rates weigh on loan volumes. But they are not adding staff when clients desire more advice and personalized solutions; moreover, better digital

China`s producer and consumer inflation increased
Economy News

China’s Producer and Consumer Inflation Increased

The producer price index (PPI) increased 8.3% year-on-year, as stated by data from the National Bureau of Statistics (NBS); it fell from 8.8% growth in February but beat a forecast for a 7.9% incline in

Risks of global recession approaching
Economy News

Risks of global recession approaching  

The war in Ukraine, Russia sanctions, China’s “zero COVID” procedures, spiking inflation, and interest hikes by the United States Federal Reserve are all ready to crumple growth in 2022. Whether worsening conditions and ill-judged policy

The U.S. halts Russian debt payments
Economy News

The U.S. halts Russian debt payments

Under sanctions set in place after Russia invaded Ukraine on Feb. 24, foreign currency reserves owned by the Russian central bank at US financial institutions were frozen. But the Treasury Department had been permitting the

EU plans energy imports sanctions towards Russia
Economy News

EU plans energy imports sanctions towards Russia

Nevertheless, the bloc remains divided over whether to expand those sanctions to energy imports, despite mounting evidence of war crimes committed by Russian forces in Ukraine. Ukraine’s top prosecutor has spoken that 410 bodies had

Putin`s Europe isolation could benefit Africa
Economy News

Putin`s Europe isolation could benefit Africa

Russia and the West stay at odds regarding overpayment for natural gas exports. Europe, in particular, is heavily dependent, with Moscow insisting “unfriendly” countries pay for gas deliveries in Russian rubles, a demand G-7 nations

Experts say The Second Cold War has started
Economy News

Experts Say the Second Cold War Has Started

According to Jason Schenker, president of Prestige Economics, the second Cold War has already started. Angela Stent, the senior advisor for Georgetown University’s Center for Eurasian, Russian, and East European Studies, stated that she thinks