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Economy
This Chemical Is in Short Supply, and the Whole World Feels It
This is a story about one of those unsung forces that quietly keep the world running. It is a story about the clockwork interconnectedness of modern civilization, about how disturbances in one part of the planet can kick up storms in…
European markets fall as UK wage growth wiped out by inflation
European markets: Mining stocks proved to be the biggest drag on the FTSE, along with technology and consumer-focused firms also. Photo: Toby Melville/ReutersEuropean stock markets headed lower on Tuesday after a strong start to the…
India’s imports of cheap Russian crude surge since Ukraine invasion – Times of India
NEW DELHI: India has received 34 million barrels of discounted Russian oil since Moscow invaded Ukraine on February 24, according to Refinitiv Eikon data, more than trebling the value of total imports from Russia, including other…
Britain needs a ‘booster for growth’ as tax hikes threaten investment
The Confederation of British Industry said in its latest forecast that a "short-lived recovery" in capital spending would end in 2023 because of tax hikes on companies.Investment in the United Kingdom has lagged that of other advanced…
Glorious Effects of Money-Printing Bail Out Manhattan Luxury Housing Market in 2021,
“Perhaps the biggest pandemic trend was this: The rich got richer — and they also bought bigger”: Olshan Realty.
By Wolf Richter for WOLF STREET.
We knew this was coming: The huge bout of global money-printing and interest-rate…
No, you’re not imagining it — package sizes are shrinking
It’s the inflation you’re not supposed to see.From toilet paper to yogurt and coffee to corn chips, manufacturers are quietly shrinking package sizes without lowering prices. It’s dubbed “shrinkflation,” and it’s accelerating…
China’s zero-Covid strategy hurts consumer spending more than manufacturing
Residents line up for mass Covid-19 testing on Jan. 9, 2022, in Tianjin, after the municipality reported 20 news cases over the weekend.Feature China | Future Publishing | Getty ImagesBEIJING — China's zero-Covid policy for controlling…
FBI sets sights on crypto economy with arrest of former OpenSea staffer
An ex-employee of the leading non-fungible tokens (NFT) marketplace has been charged with wire fraud and money-laundering offences in a sign that US law enforcement will no longer turn a blind eye to the crypto economy.Nathaniel Chastain…
Asia shares edge up with U.S. futures, oil gains
A man walks past a screen displaying a graph showing recent Nikkei share average movements outside a brokerage in Tokyo, Japan, December 30, 2020. REUTERS/Issei Kato/File PhotoRegister now for FREE unlimited access to…
McDonald’s in Russia could be called ‘Fun and Tasty,’ documents show, after…
McDonald's in Russia has submitted a list of names, patent office filings seen by RBC show.
Businessman Alexander Govor has agreed to buy all McDonald's…