© Reuters. FILE PHOTO: A worker holds a nozzle to pump petrol into a vehicle at a fuel station in Mumbai, India, May 21, 2018. REUTERS/Francis Mascarenhas By Sanjeev Miglani NEW DELHI (Reuters) – India’s…
Read More
The sacking of 800 workers by P&O Ferries is devastating for every single one of them. The staff, some of whom have served the company for decades, were told – by video call – that…
Read More
Central banks – more than ever – have to be alert and, if necessary, take action to ensure the safety and soundness of the financial system. Their reputations are on the line and it is…
Read More
On Sept. 1 and 2, 1859, telegraph systems around the world failed catastrophically. The operators of the telegraphs reported receiving electrical shocks, telegraph paper catching fire, and being able to operate equipment with batteries disconnected.…
Read More
© Reuters. FILE PHOTO: A drilling rig operates in the Permian Basin oil and natural gas production area in Lea County, New Mexico, U.S., February 10, 2019. REUTERS/Nick Oxford/File Photo (Reuters) -The Biden administration on…
Read More
The ramifications of the Russian war on Ukraine are being felt across the world. The effects are likely to be particularly acute for countries in North Africa. The region is a major exporter of energy…
Read More
More than ten years ago, the so-called “rare earth crisis” highlighted the fragility of the supply chain of these metals, which are crucial for the transition to a carbon-neutral economy. Most of the world’s supply…
Read More
© Reuters. FILE PHOTO: Wheat is seen in a field near the southern Ukranian city of Nikolaev, July 8, 2013. REUTERS/Vincent Mundy//File Photo By Emma Farge GENEVA (Reuters) -A World Food Programme (WFP) official said…
Read More
Russia’s invasion of Ukraine could create a global food security crisis. It is disrupting agricultural production and trade from one of the world’s major exporting regions. This threatens to drive rising food prices still higher…
Read More
Foreign dollar-denominated sovereign debt is “highly responsive” to Federal Reserve monetary policy, a paper published by the Federal Reserve finds. Simon Gilchrist, Vivian Yue and Egon Zakrajsek measure how yields on foreign government debt issued in dollars…
Read More