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News
Can the Suez save Asian oil consumers after Houthis shut Bab al-Mandeb?
7+ hour, 36+ min ago (1719+ words) About 6 million barrels of crude per day that pass through the strait to Asia are now at risk, experts say. Two tankers carrying Saudi crude to Asia have reversed course in the Red Sea after Yemen’s Houthis announced a blockade…...
Iran war: Look beyond stocks to understand state of economy, experts say
1+ day, 3+ hour ago (899+ words) Yields on 10-year US Treasury bills, a bellwether for inflation, are up nearly 60 basis points since the start of the war on Iran. The US-Israel war on Iran is escalating again and oil prices are on the rise, but experts…...
As Chinese economy slows, experts say there will be ‘problems for Beijing’
5+ day, 10+ hour ago (843+ words) While the ‘export engine is running very hot’, jobs are lagging, squeezing spending in China. China’s economy slowed sharply in the quarter ending June, revealing vulnerabilities in the country’s growth model, which is predominantly propelled by exports with little appetite…...
US job growth slows in June; hospitality sheds roles despite World Cup
2+ week, 6+ day ago (470+ words) Labour force participation dropped to its lowest level since March 2021, reaching 61.5 percent in June. The United States economy added 57,000 jobs in June, marking a slowdown in economic growth following several months of steady gains. The weaker-than-expected hiring figures were released…...
How each prime minister broke Britain’s economy | Economy
3+ week, 1+ day ago (120+ words) How each prime minister broke Britain’s economy Al Jazeera How each prime minister broke Britain’s economy Six British prime ministers in 10 years, with a seventh on the way. From Brexit, to austerity, to a 45-day premiership, each leader blamed the…...
How each prime minister broke Britain’s economy
3+ week, 1+ day ago (63+ words) Al Jazeera How each prime minister broke Britain’s economy Six British prime ministers in 10 years, with a seventh on the way. From Brexit, to austerity, to a 45-day premiership, each leader blamed the predecessor for the failing economy and then…...
Rial rebounds and stocks soar, but Iranians still grapple with high prices
1+ mon, 4+ day ago (1035+ words) While the stock market surges and the US dollar plummets after an initial US-Iran agreement, Iranians are still waiting for relief at the grocery checkout. The value of Iran’s currency has risen by more than 15 percent against the US dollar,…...
Are prices really dropping in the US, as Trump claims?
1+ mon, 3+ day ago (921+ words) Donald Trump boasts on social media that since the signing of a US-Iran MoU for a peace deal, oil is flowing and prices are dropping. United States President Donald Trump has taken to social media to boast about the state…...
Japan’s central bank raises interest rates to highest level since 1995
1+ mon, 6+ day ago (465+ words) Bank of Japan hikes benchmark rate to 1 percent, continuing shift away from decades of ultra-low borrowing costs. Japan’s central bank has raised interest rates to a three-decade high, citing price pressures stemming from the United States-Israel war on Iran. The…...
Can Africa turn its population boom into prosperity?
1+ mon, 1+ week ago (969+ words) Pretoria, South Africa – As global sentiment towards Africa turns sharply pessimistic, with aid cuts, foreign investment retreating, and governance scores stagnating, one structural fact remains: the continent is becoming demographically unavoidable. Africa is home to 1.6 billion people today, a figure…...