Countries already walloped by a breakdown of the international trading order, war in Ukraine and chaotic U.S. policymaking are facing potentially lasting economic damage.
Category: Economic Conditions and Trends
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Fallout From Iran War and Oil Shock Deliver Another Blow to World Economy
The New York Times – Business: -
Countries Scramble to Shore Up Global Oil Supplies as Ships Are Attacked
The New York Times – Business:The United States and Israel launched more strikes against Iran, where crowds mourned military commanders killed in the war. Israel also bombed targets in Lebanon, where the death toll climbed.
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Trump Directs Iran War Keeping Markets Top of Mind
The New York Times – Business:President Trump again demonstrated his desire to keep the stock markets aloft when he suggested U.S. attacks on Iran could end soon.
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Elevated Energy Prices Add to Fed’s Dilemma on Interest Rates
The New York Times – Business:Investors now expect that the Fed will delay a rate cut until September instead of July, as they had before the war in Iran began.
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Oil Remains Potent Geopolitical Tool, Decades After Energy Crisis
The New York Times – Business:The war in the Middle East has sent prices soaring, showing how much the world continues to depend on reliable supplies of oil and gas.
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War-Induced Inflation Spike Looms Over Europe’s Economic Recovery
The New York Times – Business:For months, the region has been encouraged by low inflation and better-than-expected economic growth. A disruption to energy supplies from the Middle East could knock it off course.
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Oil and Natural Gas Prices Extend Rally as Iran Attacks Escalates
The New York Times – Business:Energy prices continued to rise on Tuesday as attacks by the United States and Israel on Iran intensified, along with the country’s response.
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How India Became One of the World’s Biggest Economies
The New York Times – Business:India has grown rapidly despite its slow industrialization, and its economy is now nearly as big as Japan’s.
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A World Where All Is Free? That’s Elon Musk’s Theory of ‘Sustainable Abundance.’
The New York Times – Business:The Tesla and SpaceX chief has told his followers that they will live in a world where robots will take care of every need and people do not have to work, in what has become his latest slogan.
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India Built the World’s Back Office. A.I. Is Starting to Shrink It.
The New York Times – Business:Artificial intelligence promises to automate the white-collar work that made India a tech powerhouse. The country is racing to adapt before it’s too late.
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Diplomatic Feud With China Weighs on Japan’s Economy
The New York Times – Business:A standoff over the security of Taiwan has led to a steep decline in the number of Chinese visitors to Japan, which is heavily dependent on the tourists.
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In a Bid to Kick-Start Growth, Britain Turns to China
Buffeted by tariffs and trade tensions, Prime Minister Keir Starmer took British business leaders to China and emerged with deals on visas and Scotch whisky, as well as pledges to deepen ties.