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Rise in diesel costs have regional economic effect, professor says

SAVANNAH, Ga. (WSAV) — Gas prices in Georgia exceeded the record set back in 2008 on Wednesday, rising $0.10 overnight and $0.63 from last week, according to AAA. As of Wednesday evening, the average for regular gas in Georgia is $4.17 per gallon and diesel is $4.88, according to AAA. In South Carolina, the average […]

Damage in economic loss claims: The English Court provides welcome clarification on accepting jurisdiction | Dechert LLP

The English High Court has decided1 that, in determining whether it has jurisdiction to hear claims about economic loss, the focus must be on where the loss manifested itself (i.e. its crystallisation) rather than on the transaction that led to the loss. The Facts In 2013, the first claimant decided to invest US$3bn in Haitong, […]

XAU/USD – Gold prices pass all- time high amid dollar appreciation

The war in Ukraine has finally pushed traditional safe-haven Gold closer to the all-time high seen in August 2020 after the United States and Britain announced a ban on oil imports from Russia. The EU will cut gas imports from Russia by two-thirds by the end of the year despite threats from Russia that it […]

How a Ban Russian Oil Imports Could Affect the U.S. Economy

The ban on Russian oil imports announced by President Biden on Tuesday could have meaningful consequences for the U.S. economy, pushing prices at the gas pump higher when inflation is already rapid, although how long-lasting that impact might be remains uncertain. “We’re banning all imports of Russian oil and gas and energy,” Mr. Biden said, […]

Will the economic shocks of war spark a global recession?

The economic costs mount. The burden that the economies of the rest of the world will have to bear is nothing to the burden carried by the Ukrainian people. But as the violent movements of the past few days on the markets show – the oil price reached $130 a barrel yesterday – there will […]

How Russia’s war could knock out Europe’s economy

By Charles Riley, CNN Business Stagflation strikes fear into the hearts of economists — and policymakers —the world over. Europe could be headed for something even worse. Western sanctions imposed following Russia’s invasion of Ukraine have caused global energy prices to spike and consumer confidence to plummet in Europe. Russia is being cut off from […]

Tightening financial conditions sound alarm for world economy

Russian financial conditions at tightest since 2008 Global financial conditions at tightest since pandemic height Conditions could tighten further if inflation rises further March 8 (Reuters) – Global financial conditions, perceived as strongly correlated with future growth, are at the tightest in two years, driven by soaring energy prices, sliding stocks and the market fallout […]

Russia invades Ukraine – CNN

Russia invades Ukraine CNN Read more…

What a $1 billion challenge says about the state of U.S. competitiveness

Over the past two months, the five of us have been part of a community of practice selected by the Economic Development Administration to coach the winners of the $1 billion Build Back Better Regional Challenge (“BBBRC”). Along with partners at America Achieves, the Federation of American Scientists, the National League of Cities, and […]

Markets slide as soaring oil price stokes stagflation worries – business live | Business

Equities seem to be having an “Oh (pick your expletive)” moment, as the US reportedly weighs an embargo on Russian oil that could strangle global growth, fuel inflation and accelerate the trend to a more multipolar world. Of course, this doesn’t have to come to fruition – sentiment improved this afternoon on reports that the […]