The Asian region faces a “stagflationary” outlook, a senior International Monetary Fund (IMF) official warned on Tuesday, citing the Ukraine war, spike in commodity costs, and a slowdown in China as creating significant uncertainty. While Asia’s trade and financial exposures to Russia and Ukraine are limited, the region’s economies will be affected by the crisis…
Biden Slashes Millions of Acres Eligible for Oil Drilling in Alaska
April 26, 2022
admin
bidenBusiness & Economyeconomic policieseconomyEnvironmentExecutive Branchoil drillingPoliticsScienceUSUS News
0 Comment
The Biden administration is closing off almost half of the 23-million-acre National Petroleum Reserve in Alaska (NPRA) from oil and gas drilling, overturning a Trump-era policy that would have allowed oil development on more than 80 percent of the reserve. The Bureau of Land Management (BLM), part of the Department of the Interior, announced the decision on April 25….
European Union to Cut Russian Oil and Gas Imports to Zero by 2027
April 26, 2022
admin
Business & Economyeconomic policieseconomyEUEuropeGasInternationalInvestmentMarketsOilRussiaRussia-Ukraine WarWorld
0 Comment
A senior European Union official said Tuesday that the bloc plans to cut Russian oil and gas imports to zero by the end of 2027, with his remarks coming as EU leaders continue to deliberate on moves to accelerate reducing the region’s dependence on Russian energy. EU Economic Commissioner Paolo Gentiloni told Italian daily Il…
Shutdown of Foxconn’s Factories in China Threatens Apple’s Supply Chain
April 26, 2022
admin
Apple IncBusiness & EconomyBusinesses in COVID-19CCP VirusChinaChina Business & EconomyCompanieseconomyFoxconnINSIDE CHINAInternationalMedia & Big TechUSUS-China relationsWorld
0 Comment
Taiwan’s Foxconn Technology Group, the world’s largest electronics manufacturer and Apple’s main supplier, has again suspended operations at two of its factories in Kunshan, China, after the Chinese Communist Party (CCP) implemented strict quarantine rules in parts of the country to combat the spread of the Omicron variant of the virus in March. On April 22,…
Passenger Numbers at UK Airports Last Year 78 Percent Below Pre-COVID Levels
Passenger numbers at UK airports last year were 78 percent below pre-pandemic levels, new figures show. Analysis of Civil Aviation Authority (CAA) data by the PA news agency found just 64.4 million passengers arrived or departed on flights at UK airports in 2021. That is compared with 296.9 million in 2019 before the coronavirus pandemic…
Uncertainty Hovers Over Australia’s Economic Outlook Despite Impressive Recovery: Report
April 26, 2022
admin
AustraliaAustralia Economic RecoveryBusiness & EconomyCommSecDeloitte Access Economicseconomic policieseconomyinflationMarketsWorld
0 Comment
The pace of Australia’s economic recovery has exceeded the expectation of many observers; however, a new report has warned that the country will not be able to sustain the current growth. As indicated in the latest Deloitte Access Economics Business Outlook, Australia’s jobless rate was heading toward 3.5 percent, the lowest in half a century,…
Blackstone to Buy PS Business Parks in $7.6 Billion Take-Private Deal
Blackstone Inc on Monday agreed to buy real estate investment trust (REIT) PS Business Parks for $7.6 billion, including debt, as dealmaking activity in the real estate sector continues to thrive in the aftermath of the COVID-19 pandemic. As part of the take-private deal, Blackstone said its real estate affiliates will pay $187.50 cash to…
Corporates and Investors Go In Opposite Directions Over SEC Proposal on Shareholder Reporting
Corporates and their most prominent investors are at odds over new regulations meant to “modernize” how shareholders report their holdings, reports Financial Times. In February, the Securities and Exchange Commission proposed new rules to increase transparency in stock markets by shortening the 10-day window to 5 days for investors to reveal when they have built a stake of…
‘Elon Is the Singular Solution I Trust’: Jack Dorsey Throws Support Behind Musk After Twitter Takeover Approved
April 26, 2022
admin
Big Tech, Censorship, and SocialismBusiness & EconomyCompaniesElon MuskFeatured TopicsJack DorseyMedia & Big TechSocial IssuesTechTech NewsTwitter shareholdersUSUS News
0 Comment
Jack Dorsey, the co-founder and former CEO of Twitter, threw his support behind Elon Musk’s deal to take the social media platform private, with a Twitter thread that begins with a link to Radiohead’s “Everything In Its Right Place.” The Twitter board had unanimously approved the Tesla and SpaceX CEO’s unsolicited offer amidst polarizing reactions…
Russian Rouble Hits Near 2-Year High Vs Euro
April 26, 2022
admin
Business & Economyeconomic policieseconomyEuropeMarketsroubleRussia-Ukraine WarRussianstocksUkraineWorld
0 Comment
(Reuters) -The Russian rouble strengthened on Monday, firming past 77 against the euro to a near two-year high, helped by tax payments that companies are due to make this week and as the market looked ahead to a central bank rate decision on Friday. By 2:53 p.m. GMT, the rouble had gained 3.6 percent to…
-
Recent Posts
-
Archives
- May 2025
- April 2025
- July 2023
- June 2023
- May 2023
- April 2023
- March 2023
- February 2023
- January 2023
- December 2022
- November 2022
- October 2022
- September 2022
- August 2022
- July 2022
- June 2022
- May 2022
- April 2022
- March 2022
- February 2022
- January 2022
- December 2021
- November 2021
- October 2021
- September 2021
- August 2021
- July 2021
- June 2021
- May 2021
- April 2021
- March 2021
- February 2021
- January 2021
- December 2020
- September 2013
- July 2013
- March 2013
- January 2013
- December 2012
- November 2012
- December 1
-
Meta