World economy
Skipping meals and shrinking portions. Brits are being warned of ‘apocalyptic’ food price rises
More than four in five people in the U.K. are worried about rising living costs and their ability to afford basics necessities like food and energy over the coming months, according to a new survey. Tolga Akmen | Afp | Getty Images LONDON — A quarter of Britons have resorted to skipping meals as inflationary […]
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Some factories might leave China, but in the grand scheme of things it doesn’t matter much
China still holds the cards for global supply chains, whether or not Covid lockdowns frustrate businesses in the near term. An employee works on the production line of the screens for 5G smartphones at a factory on May 13, 2022 in Ganzhou, Jiangxi Province of China. Zhu Haipeng | Visual China Group | Getty Images […]
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JPMorgan picks China stocks to play Beijing’s infrastructure boost
China has announced big plans to build up more cities, and JPMorgan analysts say it’s time to buy some infrastructure stocks. That’s based on news earlier this month that China’s top executive body, the State Council, has loosened residency rules to allow migrant workers from rural areas to settle in smaller towns. By the numbers, […]
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NATO is about to get bigger and Putin is unhappy: Here are 3 ways Moscow could react
Russian President Vladimir Putin leaves Red Square after the Victory Day military parade in central Moscow on May 9, 2022. Kirill Kudryavtsev | Afp | Getty Images With Finland and Sweden both announcing their bids to join the Western military alliance NATO, ending a decades-long history of military non-alignment, all eyes are on Russia and […]
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‘Londongrad’: How Russia’s war exposed the dark side of luxury London
Following Russia’s invasion of Ukraine, and resultant sanctions on President Putin’s oligarch elite, a spotlight has been firmly cast on the British capital and its complicity as a store for dirty money. When Russia mounted its war in Ukraine in February 2022, Britain was one of the first Western allies to impose sanctions on the […]
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Lebanon voters deal blow to Hezbollah allies in first election since economic meltdown
Lebanon, a nation of nearly 7 million, is home to 18 different religious communities. Ibrahim Chalhoub | Afp | Getty Images Lebanon has voted in the country’s first parliamentary elections since its economic meltdown in 2019 and the Beirut port blast the following year. Dealing a major blow to the Iranian-backed Hezbollah, preliminary results from […]
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China’s economic data disappoint in April as Covid controls weigh
The persistent spread of Covid and resulting stay-home orders — primarily in Shanghai — forced factories to close or operate at limited capacity in April. Pictured here on May 12 is a refrigerator factory in Hefei, China, about a five hours’ drive from Shanghai. Xie Chen | Visual China Group | Getty Images BEIJING — […]
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European stocks climb as global markets look for rebound; Stoxx 600 up 1.4%
LONDON — European stocks bounced on Friday as global markets looked to regain some ground after a bruising week, with investors assessing the outlook for inflation and interest rates. The pan-European Stoxx 600 added 1.4% by around noon, with travel and leisure stocks jumping 3% to lead gains as all sectors and major bourses traded […]
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With floods and electricity shortages, South Africa’s economy is threatening to go into reverse
DURBAN, South Africa – April 16, 2022: Massive debris at the Durban harbor following heavy rains, mudslides, rain and winds in Durban. The harbour serves as a bulwark for the economy of the city of Durban. RAJESH JANTILAL/AFP via Getty Images South Africa’s economy picked up momentum in the first quarter of the year, but […]
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Education is important, ‘but the money does not seem to add up,’ says UNESCO
The amount spent on financing education doesn’t match the view that education is important, said Priyadarshani Joshi, a research officer on UNESCO’s Global Education Monitoring Report team. Nobody would argue that education isn’t important, “but the money does not seem to add up,” Joshi told CNBC’s Squawk Box Asia last Friday as she spoke about […]
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