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Opinion | As covid evolves, China’s obstinance only grows

Placeholder while article actions load Folks who don’t believe in evolution have never met the virus that causes covid-19. Because viruses replicate by the billions daily, they reveal the processes of random genetic variation and natural selection with all the immediacy of a time-lapse film. The virus we met more than two years ago is […]

How to Play a Stock Rebound, No Recession: Economy Chief

Stocks have taken a hit in 2022 as economic growth falters, inflation rises, and war rages. But Russell Price, Ameriprise Financial’s economy chief, is bullish on stocks and the economy. Here are the three sectors that Price likes most with stocks set to rally by over 10% this year. From a shrinking economy to high […]

Economic fallout from Ukraine war could bring business to U.S. railroads: Analysis

A BNSF Railway export grain train crosses the Mojave Desert east of Barstow, Calif., in June 2014. (Chase Gunnoe) CHARLESTON, W.Va. – Russia’s self-inflicted economic recession resulting from the Ukraine war will likely undo more than a decade’s worth of economic progress, as other countries end dealings with the Russians. For the U.S., this is […]

China, Russia Develop Alternatives to the SWIFT Payment System

Some Russian banks have been banned from SWIFT, a cross-border messaging service for banks. India was reportedly considering a Russian proposal to use the SPFS for payments in rubles. Moscow is also working with Beijing to connect to the Chinese messaging system. Loading Something is loading. … Read more…

US economy shrinks 1.4 per cent as concerns of recession rise

The US Gross Domestic Product shrank at an annual rate of 1.4 per cent in the first three months of 2022 as concerns about a recession rise. The news comes as President Joe Biden is trying to stave off concerns about inflation. Mr Biden mostly pinned the blame on outlying factors in a statement on […]

A hard landing for the global economy

As the world’s major central banks begin to adopt hawkish monetary policy stances, there is some good news and some bad news about the world economic outlook. The good news is that the world economy does not appear to be suffering from the same vulnerabilities that made the 2008-2009 Great Recession so severe. The bad […]

Putin warns West of lightning retaliation for intervention in Ukraine

Putin warns of retaliation if West interferes Biden set to comment on Russia’s ‘brutal war’ Ukraine says Europe should stop depending on Russia France to host EU energy ministers on May 2 Russia denies energy blackmail WARSAW/SOFIA/KYIV, April 28 (Reuters) – Russian President Vladimir Putin warned of lightning-fast retaliation if countries interfere in Ukraine, while […]

NHC roles out new ‘Economic Mobility’ report identifying job scene problems and potential solutions

On April 18 the county rolled out a new document titled “New Hanover County Economic Mobility – Economic Development Strategic Update.” It’s over 100 pages and the county paid about $60,000 to Greenfield, a local economic development firm, to update workforce and demographic data, identify county assets, and potential issues. There are four main takeaways […]

Dollar nears pandemic peaks

SINGAPORE- The dollar stood at its highest level since the early days of the pandemic on Wednesday and was heading for its best month since 2015, supported by the prospect of US rate hikes and on safe-haven flows fanned by slowing growth in China and Europe. Fears for Europe’s energy security pushed the euro to […]

Euro hits 5-year low, stocks down again on mixed earnings

A broker looks at a graph on his computer screen on the dealing floor at ICAP in London, Britain January 3, 2018. REUTERS/Simon Dawson Register now for FREE unlimited access to Reuters.com Register LONDON, April 27 (Reuters) – The euro dropped to its weakest since 2017 on Wednesday as investors increasingly concerned about the global […]