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It’s not easy being a global economy right now. One month into the US and Israel’s war against Iran, fears are raising concerns about everything from supply chains to airline travel. While the price of a barrel of oil remains north of $100, from $70 before the war, the price of gas in the US … Read more
The price of coffee is increasing faster than any other domestic grocery, and it is not only tariffs that drive this process – bad weather, war and frustration of market traders are also responsible for the rise. Coffee prices rose by a staggering 18.4% last year, according to government data from February. Most other household … Read more
There has been a heated debate in the past few months on the merits of the Mahatma Gandhi National Rural Employment Guarantee Act (MGNREGA) and the Viksit Bharat – Guarantee for Rozgar and Ajeevika Mission Act (Gramin) Act, or VB-G RAM G Act for short. Absent from these discussions, however, is a critical issue that … Read more
When Scott Morrison announced that it was not a “race” to get vaccines first and quickly into Australia during the COVID epidemic, it was another nail in the coffin of his aging prime minister. Prime Ministers who do not unite at a time when the public is afraid and looking for leadership lose the public’s … Read more
Photo: RNZ / Unsplash The government should start prioritizing diesel allocations now as the fuel situation worsens, Westpac’s chief economist has said. It comes as supply data from US investment bank JP Morgan reports that the last shipment of fuel from Gulf Oil is likely to arrive in New Zealand on 20 April. Prime Minister … Read more
Photo: RNZ / Unsplash The government should start prioritizing diesel allocations now as the fuel situation worsens, Westpac’s chief economist has said. It comes as supply data from US investment bank JP Morgan reports that the last shipment of fuel from Gulf Oil is likely to arrive in New Zealand on 20 April. Prime Minister … Read more
In 2013, Shell closed its Clyde refinery on the Paramatta River, and a year later, Caltex closed Kurnell in Botany Bay. That was the time when Australia went from being self-sufficient in petrol and diesel to relying on imports. The oil shocks of the 1970s were forgotten. We endured a decade of recession like everybody … Read more
This week will continue to be dominated by developments in the Middle East. On Friday, the US and Israel struck Iran’s nuclear and missile facilities, and Iran retaliated across the Persian Gulf, as President Trump pushed for a deadline for Tehran to reopen the Strait of Hormuz or face further attacks on its infrastructure. The … Read more
(Bloomberg) — As the war in Iran enters its fifth week, Wall Street banking strategists have been pitching trades that could pay off if the stock market selloff is slow and steady. BBVA has recently recommended April Euro Stoxx 50 Index put spreads, citing the relaxation of the market even in the presence of a … Read more
Recession fears are back, and property prices are falling. The S&P 500 (^ GSPC 1.67%) it’s down more than 6% in the last month alone, and tech is heavy Nasdaq Composite (^IXIC 2.15%) it recently entered correction territory with a 10% drop from its peak earlier this year. Perhaps the worst part of this volatility, … Read more