UK Faces A Decade Of Lost Growth
The UK economy looks set to shrink 0.4% next year as high inflation persists and companies withold investment to weather the broader economic headwinds, according to a warning from the…
Eurozone Sees Wood Thefts Rise As Energy Prices Skyrocket
In the last ten months, roughly 150 cubic meters of roundwood worth €10,400 ($10,388) has been stolen from private forests in Estonia, according to a report by state broadcaster ERR…
Asian Emerging Markets Stand To Lose Against A Weakening Dollar
As the dollar rises, outflows from Asia’s emerging markets is increasing, giving the region’s future an air of gloom. In an ominous harbinger for equities in the region, given historical…
FCC Requires More Money To Remove Chinese Tech From Our Telecom
The FCC has told Congress it will need an additional $3 billion to fund the removal of all equipment made by Chinese technology firms Huawei and ZTE, which will bring…
Oil Slightly Up Friday, But Down For The Week On Recession Fears
Concern over rising interest rates cooling the economy forced oil into its second weekly decline, even as it inched up $3 per barrel Friday. Brent crude rose $3.07, or 2.8%,…
Fed Strikes Uncompromising Tone To Congress On Inflation
In a prelude to Fed Chairman Jerome Powell’s appearance before Congress next week, the Federal Reserve delivered its annual report on Monetary Policy to Congress. In it, they struck a…
GM Makes Bolt The Cheapest EV In America
GM is slashing the price of 2023 Chevy Bolt, leaving it the cheapest EV in America for 2023. General Motors laid out pricing for the 2023 version of the Bolt…
Brent Crude Breaks $120 Per Barrel
The benchmark for international oil, Brent Crude, has surpassed $120 per barrel – a two-month high. West Texas Intermediate, the US benchmark, passed $116 per barrel, as both gas and…
US Weekly Rail Traffic Declines 5.4%
Rail traffic down: The Association of American Railroads (AAR) has reported US rail traffic down 5.4% Y/Y to 505,120 carloads and intermodal units for the week ending May. 14, 2022.…
