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Tag: economic crisis
Navigating Sanctions: A Closer Look at the Complex Web of Sino-Russian Financial Relations
In a world increasingly defined by geopolitical tensions and economic sanctions, the relationship between...
Canada is facing a historic housing market correction that will eclipse 2008 and 2009, says Canada's largest bank.
‘Historic’ Housing Market Correction en Route, Says Canada’s Largest Bank
An analyst for Canada’s largest bank has warned that a “historic correction” to the housing market not...
Sri Lankan Opposition Leader Vows to ‘Listen to the People’
COLOMBO, Sri Lanka (AP) — Sri Lanka’s opposition leader, who is seeking the presidency next week, vowed...
A "Doomsday" disruption to natural gas by Russia's Gazprom Nord Stream 1 pipeline is closer to happening as a key turbine is still trapped in Canada.
Russia’s Gazprom Warns July 22 European ‘Doomsday’ Is on Track
Russia’s state owned natural gas distributor Gazprom warned on July 13 that finagling by the government...
Samsung and LG electronics are overstocked heavily as the country is ahead of the field in heading to recession.
South Korea’s Biggest Companies Are Overstocked With Unsellable Inventory
The largest companies in South Korea, home of many of the world’s leading electronics manufacturers,...
The trucking industry bubble is popping, shown by the price of used trucks at auction cratering.
Another Bubble Is Popping: Used Semi Truck Auction Prices Are Cratering
Another symptom of a lesser-noticed bubble popping has surfaced: the prices that used semi trucks are...
Casinos, sportsbooks, and other gambling venues took $5.31 billion out of the US economy in Q1 2022, the most on record.
Americans Lost More Money Gambling In Q1 2022 Than Ever Before
The U.S. gaming industry posted its most profitable Q1 in history this year, states an industry advocacy...
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Sri Lanka in Chaos, Protesters Burn Down the Homes of 38 Politicians, Troops Ordered to ‘Shoot on Sight
Rage has boiled over in Sri Lanka. Reports have surfaced that protesters have burned down the homes of...
The economic consequences of COVID pandemic spending and lockdowns are so severe that 1 in 3 retailers could not pay April rent, a survey found.
1 in 3 Retailers Couldn’t Make Rent in April: Study
More than a third (34 percent) of North American retailers could not make ends meet and pay their rent...
Russia Turns to Chinese Services as Mastercard, Visa, American Express Cancel the Kremlin
While China’s banks and its homegrown payments system could offer Russia a much-needed respite from crippling...
A woman wears a protective mask as she walks past the People's Bank Of China (PBOC) on Financial Street, April 17, 2020 in Beijing, China. China's gross domestic product (GDP) stood at 20.65 trillion yuan (about 2.91 trillion U.S. dollars) in the first quarter of 2020 amid COVID-19 impact, down 6.8 percent year on year, according to data from the National Bureau of Statistics (NBS).
4 Factors to Watch in China’s Latest Economic Stagnation
Given China’s tightened real estate market and the newest spread of COVID-19, quarterly data due to be...
China economy failing
The Economic Scenario Beijing Fears Most Is Just Around the Corner
News analysis On Dec. 8 through Dec. 10, China held its annual Central Conference on the Economy in...