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How the supply chain crisis is affecting six big economies | Supply chain crisis

As the Covid-19 pandemic eases and national economies emerge from suspended animation, demand for energy, labour and transport has surged. That sudden acceleration is putting a huge strain on the just-in-time, cross-border supply chains that keep factories open and shelves stocked. From Liverpool to Los Angeles, Beijing to Berlin, the world is in the grip […]

Will US Dollar Index test 95?

The rally in the US Dollar Index gathered momentum last week. The index rose sharply, breaking above the key resistance level of 94. A strong surge in the Treasury yields aided the rise in the dollar index. The strength in the dollar index dragged the euro sharply lower, which tumbled below the crucial support level […]

$866.1 million in transfers from the United States to support the economy

Remittances totaled $1,381.6 million as of August this year, of which $866.1 million came from the United States, reflecting the support that shipment flows from that economy mean for the Nicaraguan economy, according to Nicaragua’s central bank data. (BCN). The $1,381.6 million reached as of August of this year amounted to $569 million, which is […]

Natural Gas Prices Are Surging. Here Are the Stocks to Tap the Rally.

Royal Dutch Shell operates a plant in Qatar, known as Pearl GTL, that transforms natural gas into liquid fuels. Stuart W. Conway/Shell International Limited Text size Natural gas has long been oil’s poor step-cousin, a commodity that many ignore until they have to pay their heating bill. Now, natural gas is the lead player in […]

Wall Street kicks off October with gains, boosted by economic optimism

A Wall Street sign is pictured outside the New York Stock Exchange in New York, October 28, 2013. REUTERS/Carlo Allegri Merck rises on positive COVID-19 pill data Strong consumer, factory data boost economic hopes Indexes up: Dow 1.37%, S&P 1.07%, Nasdaq 0.56% Oct 1 (Reuters) – Wall Street advanced in a broad rally on Friday, […]

The latest shock to China’s economy: power shortages

Oct 2nd 2021 Listen to this story Your browser does not support the <audio> element. Enjoy more audio and podcasts on iOS or Android. At least 19 of China’s provinces, including many of its industrial heartlands, have suffered power shortages in recent weeks, with some unplanned and indiscriminate cuts. In many parts of the country, […]

Rupee slumps 12 paise to 74.35 against U.S. dollar in early trade

Rupee opened at 74.33 against the dollar, then fell further to 74.35, registering a fall of 12 paise over its previous close The Indian rupee declined 12 paise to 74.35 against the U.S. dollar in opening trade on Friday, tracking strength of the American currency in the overseas market and a muted trend in domestic […]

Hanson warns of ‘Cuba or worse’ economic collapse if Democrats’ $3.5 trillion ‘equity’ infrastructure passes

The United States will risk becoming Venezuela or Cuba in the long term if the Democrats succeed in passing their at-least $3.5 trillion economic overhaul they are dubbing “human infrastructure”, historian and author Victor Davis Hanson warned Thursday on “The Story.” Hanson, author of “The Dying Citizen”, called President Biden’s claim that the price tag […]

How the U.S. Debt Ceiling Battle Threatens the Global Economy

Here is today’s Foreign Policy brief: U.S. Congress averts shutdown but avoids debt ceiling issue, climate ministers meet in Milan ahead of COP26, and North Korean leader Kim Jong Un offers to reopen hotline with South Korea. If you would like to receive Morning Brief in your inbox every weekday, please sign up here. Here is […]

Why China’s power crunch is such a big deal

A general view shows the Wujing Coal-Electricity Power Station in Shanghai on September 28, 2021. Hector Retamal | AFP | Getty Images BEIJING — Local Chinese authorities have abruptly ordered power cuts at many factories in the last week, reflecting a system trying to react to a number of directives from Beijing, and macroeconomic developments. […]