World
Fertilizer prices are at record highs. Here’s what that means for the global economy
Workers spray fertilizer in a sugar cane field in Zacatepec de Hidalgo, in Morelos state, Mexico, May 31, 2017. Picture taken May 31, 2017. Edgard Garrido | Reuters LONDON — Supply shortages fueled by the Ukraine-Russia conflict, along with a host of pre-existing factors, have driven fertilizer prices to record highs. Prices for raw materials […]
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Elon Musk to officially open German factory as Tesla looks to ease demand pressure
SpaceX founder and Tesla CEO Elon Musk looks on as he visits the construction site of Tesla’s gigafactory in Gruenheide, near Berlin, Germany, May 17, 2021. Michele Tantussi | Reuters Elon Musk will officially open Tesla’s first manufacturing facility in Europe on Tuesday as the company looks to take pressure off its other factories in […]
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‘I am enemy No. 1’: Protester on Russian TV speaks out from hiding
Marina Ovsyannikova is seen here (in a still grab taken from a video uploaded on March 14, 2022) giving a statement recorded before she held up an anti-war sign live on air. Marina Ovsyannikova via Reuters Marina Ovsyannikova, the Russian journalist who protested the war in Ukraine on live state TV, has told international media […]
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Russian court finds Kremlin critic Navalny guilty of fraud
Russian opposition leader Alexei Navalny is seen on a screen via a video link during the verdict in his embezzlement and contempt of court trial at the IK-2 prison colony in the town of Pokrov in Vladimir Region on March 22, 2022. – | Afp | Getty Images A Russian court found jailed Kremlin critic […]
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Russia says it fired hypersonic missiles in Ukraine. What are they and why would Moscow use them?
A MiG-31K fighter jet with a Kinzhal hypersonic missile flies over Moscow’s Red Square during the Victory Day military parade in 2018. Sefa Karacan | Anadolu Agency | Getty Images Russia’s purported use of hypersonic missiles in Ukraine in recent days is not only a sign that the military could be resorting to using more […]
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Central banks face tough decisions after Russia’s invasion. Not everyone’s sure they’ll get it right
A trader works, as Federal Reserve Chair Jerome Powell is seen delivering remarks on a screen, on the floor of the New York Stock Exchange (NYSE), January 26, 2022. Brendan McDermid | Reuters LONDON – Just as many central banks had set their sights on normalizing monetary policy as economies emerged from the coronavirus pandemic, […]
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‘Red flags’ as some China property developers say they can’t release earnings on time
A view of the Evergrande Changqing community on Sept. 24, 2021, in Wuhan, Hubei Province, China. Getty Images | Getty Images News | Getty Images A slew of Chinese real estate developers said this week that they are either not able to release their financial results on time or have yet to set board meetings […]
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Porn star Stormy Daniels loses appeal in Trump case, owes former president almost $300,000
A combination photo shows Adult film actress Stephanie Clifford, also known as Stormy Daniels speaking in New York City, and U.S. President Donald Trump speaking in Washington, Michigan, U.S. on April 16, 2018 and April 28, 2018 respectively. Reuters Porn star Stormy Daniels is on the hook to pay former President Donald Trump nearly $300,000 […]
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Alibaba increases share buyback to $25 billion from $15 billion
Alibaba’s headquarters in Hangzhou, China, on Wednesday, Nov. 10, 2021. Qilai Shen | Bloomberg | Getty Images Chinese e-commerce giant Alibaba Group Holding said on Tuesday it upsized its share buyback program to $25 billion from $15 billion, the second time in the past year. Alibaba said it had already re-purchased about $9.2 billion of […]
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Wall Street banks think these global stocks will benefit if stagflation takes hold
Bank of America and Jefferies name their top stocks to navigate the phenomenon of stagflation — when high inflation meets stagnant growth. Source
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