Asia grabbing more European fuel oil to ease energy crisis
LONDON (BLOOMBERG) – Asia is taking more fuel oil from Europe to help deal with the energy crisis, according to a company that manages hundreds of ocean-going tankers. There has […]
Is climate change an economic crisis?
(NYTIMES) – The climate crisis is at high risk of becoming an economic crisis. That is an increasingly widespread view among leading economic thinkers – that a range of economic […]
Chip crisis worsened by Delta variant threatens to cut auto output by 7.1 million cars
SOUTHFIELD, MICHIGAN (BLOOMBERG, REUTERS) – The global shortage of semiconductors will cut worldwide auto production by as many as 7.1 million vehicles this year, and pandemic-related supply disruptions will hobble […]
Beware financial crisis emerging: World Bank
WASHINGTON • World Bank chief economist Carmen Reinhart said the coronavirus pandemic is turning into a major economic crisis and warned of the possibility of a financial crisis emerging. “This […]