Economy

Putin's war makes the West more dependent than ever on Asian fuel

Putin’s war makes the West more dependent than ever on Asian fuel

(Bloomberg) — The war in Ukraine reinforces the role of Asia and the Middle East as the world’s main suppliers of fuels like diesel and gasoline that are crucial to the global economy. Bloomberg’s Most Read As Europe and the United States seek to reduce their dependence on Russian petroleum products, they face a supply …

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The reason why bots dominate the crypto game?  Money-snatching developers trick them

The reason why bots dominate the crypto game? Money-snatching developers trick them

Think back to the communities you have truly enjoyed being part of throughout your life. It is likely that these were groups formed on the basis of common interests, is not it? It is because we feel a sense of belonging when we bond with others on a particular thing that we feel in particular …

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Global inflation has likely peaked, leading data indicators show

Global inflation has likely peaked, leading data indicators show

Leading data indicators suggest that this year’s runaway global inflation has peaked and the pace of global price growth is expected to slow in the coming months. Ex-factory prices, shipping rates, commodity prices and inflation expectations have all started to decline from their recent record highs. These data series are widely followed by economists and …

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Industrial strategy demands new deal with private sector

Industrial strategy demands new deal with private sector

The writer, professor at UCL, will deliver the Penrose Conferences in Soas this week Industrial strategy is experiencing a renaissance. Triggered by multiple crises – financial, climate and health – countries around the world are investing heavily in promoting economic growth and resilience. The war in Ukraine, with its impact on supply chains, made this …

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Brexit has made Britain the sick man of Europe again | William Kegan

When recently asked about the Today program to quote chapter and verse on the subject of Brexit “opportunities” Michael Gove, the Secretary of State for All Seasons, was hopelessly out of depth. However, Gove missed a round. What he should have said, but as a registered Brexiter obviously could not, is that the only “opportunity” …

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China is starting to really regret its friendship with Russia

China is starting to really regret its friendship with Russia

“The biggest surprise for China was that Russia totally misjudged its own power. We thought that Russia would win a war very quickly,” the Chinese expert explained with regret, a few weeks after the invasion. This was not the official line, which was then in the phase of intense attempts to persuade the global public …

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Chevron can resume a key role in Venezuela's oil production and exports

Chevron can resume a key role in Venezuela’s oil production and exports

WASHINGTON/HOUSTON, Nov 26 (Reuters) – Chevron Corp on Saturday received a U.S. license allowing the second-biggest U.S. oil company to expand production in Venezuela and ship crude oil from the South American country to the United States . The ruling grants broader rights to the last major US oil company still operating in US-sanctioned Venezuela. …

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United Furniture employee: Company-wide layoff 'teared me apart'

United Furniture employee: Company-wide layoff ‘teared me apart’

She was looking forward to a big family for Thanksgiving when Toria Neal received a text that changed her life: the mother of four was losing her job, along with everyone else in her business. “I couldn’t believe my eyes,” Neal, 36, told The Post. “The text stated that we were all made redundant and …

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