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Economy
Germany triggers ‘alert level’ of emergency gas plan, sees high risk of long-term supply
Habeck has previously warned the situation is going to be "really tight in winter" without precautionary measures to prevent a gas supply shortage.Picture Alliance | Picture Alliance | Getty ImagesGermany has declared it is moving to the…
The Consumer Fuel Price Gouging Prevention Act, explained
As the average consumer bears the brunt of rising gas prices, big oil and gas companies have continued to rake in historic profits. Lawmakers alarmed at the stark contrast between the industry’s earnings and consumers’ struggles…
Bitcoin, The Purchasing Power Preserver
This is an opinion editorial by Dan, cohost of the Blue Collar Bitcoin Podcast.Series ContentsPart 1: Fiat Plumbing IntroductionBusted PipesThe Reserve Currency ComplicationThe Cantillon ConundrumPart 2: The Purchasing Power…
Ritson’s recession playbook: 9 steps marketers should take to survive the dark times
Source: Shutterstock
With the tasteless timing of a drunk hitting on a widow at her husband’s funeral, marketers are in Cannes this week as the big grey clouds of recession barrel overhead.
While our economy constricts and inflation…
U.S.-Led Alliance Faces Frustration, and Pain of its Own, Over Russia Sanctions
WASHINGTON — Four months into the war in Ukraine, the countries aligned against Russia face growing economic pain even as sanctions and energy embargoes are showing little impact on Russian President Vladimir V. Putin’s military campaign…
The AP Interview: Sri Lanka PM says he’s open to Russian oil
COLOMBO, Sri Lanka (AP) — Sri Lanka may be compelled to buy more oil from Russia as the island nation hunts desperately for fuel amid an unprecedented economic crisis, the newly appointed prime minister said.Prime Minister Ranil…
Oil executives barred from leaving Peru after massive spill
The travel ban will last for 18 months, according to Judge Romualdo Aguedo. It applies to four employees of the Spanish energy and oil company Repsol: the general manager of La Pampilla refinery, Jaime Fernández-Cuesta, and three company…
China’s steel mill owners are in a bad mood as demand takes a hit
Steel mill owners in parts of China are in a bad mood, Beijing-based commodities consultant Simon Wu said.Steel inventories are slowly piling up in the warehouses of the country's biggest steelmaking hub, the northeastern city of…
Europe’s Russian Oil Ban Could Mean a New World Order for Energy
HOUSTON — The European Union’s embargo on most Russian oil imports could deliver a fresh jolt to the world economy, propelling a realignment of global energy trading that leaves Russia economically weaker, gives China and India…
‘It won’t be easy’: the European exporters battling Brexit bureaucracy
For more than two decades, Unexport has shipped millions of kilograms of produce annually from farms in the southern Spanish region of Murcia to clients in the UK. Brexit has transformed the relatively straightforward process into a…