From India to Southeast Asia to South Korea, currencies are crumbling as governments race to secure fuel that is priced in American money.
Category: Economic Conditions and Trends
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Asia Is Getting Crushed Between Oil Prices and the Dollar
The New York Times – Business: -
As Gas Prices Spike, California Is Hit Hardest
The New York Times – Business:A gallon has climbed to nearly $6 in the state, about $2 above the national average.
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Energy Attacks in War on Iran Could Turn Economic Shock Into Long-Term Damage
The New York Times – Business:A new phase targeting oil and gas infrastructure in the Persian Gulf threatens to hurt businesses and customers around the world for months or even years.
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As War Disrupts the Gulf, India’s Growth Story Faces New Risks
The New York Times – Business:Generations of Indian workers and businesses have turned the Arab side of the Gulf into a vital appendage of their own country.
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Central Banks Brace for Inflation as Energy Prices Surge
The New York Times – Business:Traders now expect Europe’s central bankers to raise rates this year to address a sharp increase in inflation because of higher energy prices.
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Central Banks Brace for Inflation as Energy Prices Surge
The New York Times – Business:Traders now expect Europe’s central bankers to raise rates this year to address a sharp increase in inflation because of higher energy prices.
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Gas Prices in Japan Hit Record High, Testing Leader’s Cost-of-Living Pledge
The New York Times – Business:Japan is deploying subsidies to blunt fuel price increases but remains vulnerable to the long-term economic risks of the war in the Middle East.
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Gas Prices in Japan Hit Record High, Testing Leader’s Cost-of-Living Pledge
The New York Times – Business:Japan is deploying subsidies to blunt fuel price increases but remains vulnerable to the long-term economic risks of the war in the Middle East.
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Surge in Oil Prices Shakes Pakistan’s Already Fragile Economy
The New York Times – Business:Families preparing for Eid al-Fitr and farmers ready for harvest are being squeezed in a country that gets nearly all its oil through the Persian Gulf.
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Surging Energy Costs Put German Industry ‘Really in Danger’
The New York Times – Business:Four years after the Russian invasion of Ukraine sent energy prices soaring, the war in Iran is posing another challenge to efforts to revive European factories.