Since Russia first invaded Ukraine in February 2022, western media has frequently suggested that economic sanctions against the Russians are going to stifle the war effort or even bring the country to its knees. As recently as early November, for example, the Wall Street Journal reported that “mobilization, sanctions and falling energy prices” were hurting … Read more
Wheeler in action in last season’s EFL Cup – Wycombe lost 6-1 to Man City in round three David Wheeler’s frustration is tangible. A 32-year-old who’s played for seven clubs and at every professional level below the Premier League, he has seen numerous team-mates suffering from depression, eating disorders and gambling addictions. The midfielder has … Read more
Economic slowdowns around the world hasn’t yet led to beer sales going flat for mega-brewer AB-InBev. “I think that demand is holding,” AB-InBev CEO Michel Doukeris said on Yahoo Finance Live (video above). “Beer as a category is very resilient.” AB-InBev produces everything from good old affordable Bud Light to more premium priced non-beers such … Read more
Ukraine’s economy is both hurting and defying expectations. The International Monetary Fund (IMF) estimates that GDP will shrink by 35% this year and inflation is running at 24%. Yet slowly and grimly the country’s economy has adapted to war—and seems to be growing again. What can and should the long march back to normalcy look … Read more
Despite concerns about the effects of the current energy crisis, global carbon dioxide (CO2) emissions from fossil fuel combustion are expected to grow by just under 1% this year, only a small fraction of their increase last year, as a strong expansion of renewables and electric vehicles prevents a much sharper rise. New IEA analysis … Read more
“Some data do not correlate. If GST collections are high and everything is so good, why is IIP growth just 3%? There is some dissonance in the data flow in India which becomes more and more difficult to correlate because many companies on the capex side also talk bullish but when IIP data comes out, … Read more
In periods of gloom like this one, when commentators see nothing but faults in most countries, it is worth highlighting the few that defy the prevailing pessimism. Here are seven that stand out in a world tipping towards recession and higher inflation: Vietnam, Indonesia, India, Greece, Portugal, Saudi Arabia and Japan. They share some combination … Read more
SYDNEY: Australian retail sales boasted another strong month in August as shoppers spent on household goods and eating out, a sign consumers were proving resilient to red-hot inflation and rising interest rates. Data from the Australian Bureau of Statistics (ABS) yesterday showed retail sales rose 0.6% in August from July to a record A$34.9bil (US$22.38bil … Read more
New home sales rose a surprising 28.8% in August from a month earlier, a contrast to the broader narrative of a housing market slowdown, the Census Bureau and the Department of Housing and Urban Development reported on Tuesday. After a 12.6% decline in July, economists had expected another slight downturn in the pace of annual … Read more
Fabio Panetta, director of international and European relations at the European Central Bank, attends the award ceremony for the Order of Merit of the Federal Republic of Germany at Bellevue Palace in Berlin, Germany, January 31, 2020. REUTERS/Annegret Hilse Register now for FREE unlimited access to Reuters.com Register ROME, Sept 20 (Reuters) – ECB board … Read more