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Former Fed policymakers call for sharp U.S. rate hikes, warn of recession

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​reuters​​​ By Ann Saphir and Lindsay Dunsmuir Two ex-Federal Reserve officials, now freed from having to set economic policy and be accountable for it, are warning the U.S. central bank will have to →

Europe’s Energy Crisis and the War in Ukraine

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national interest by Paul J. Saunders Russia’s ongoing invasion of Ukraine—and its recent decision to halt natural gas exports to Poland and Bulgaria—have provoked searching debates surrounding →

UK can't help everyone now over cost of living, Johnson says

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​reuters​​​ by Kylie MacLellan British Prime Minister Boris Johnson said on Tuesday the government could not help everyone through the current cost-of-living crisis and had to remain prudent with its →

German unemployment sinks in April as pandemic measures ease

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​reuters​​​ German unemployment fell in April, Labour Office figures showed on Tuesday, though the effect of the war in Ukraine slowed a continued recovery seen since the lifting of coronavirus →

Exxon Mobil doubled its profit from last year to $5.5 billion

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​cbs news​​​ As gas prices continue to soar across the nation, oil producer Exxon Mobil reported $5.4 billion in profit during the first quarter — doubling its profits compared to the same quarter →

Financial markets dive as tech stocks slump and recession fears mount

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​cbs news​​​ Technology stocks plummeted Friday, capping a dismal month on Wall Street as persistently rising inflation and gas prices, along with aggressive Fed hikes, stoke fears of recession. The →

Wall Street closes sharply lower on Amazon slump, inflation worries

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​reuters​​​ By Bansari Mayur Kamdarand Noel Randewich Wall Street finished sharply lower on Friday, as Amazon slumped following a gloomy quarterly report, and as the biggest surge in monthly →

Russia cuts gas to Poland in what Ukraine condemns as 'gas blackmail'

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​reuters​​​ Russia halted gas supplies to Poland under the Yamal contract on Wednesday, data from the European Union network of gas transmission operators showed, in a deepening of the rift between →

China’s home-built aircraft carrier Shandong starts 1st maintenance, refurbishment: media reports

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​global times​​​ by Liu Xuanzun The Shandong, China's second aircraft carrier and the first developed domestically, reportedly started its first scheduled maintenance and refurbishment that is →

Italy consolidates gas deal with Congo as it boycotts Russian imports

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africa news Italy is another step ahead in its venture to increase its export of natural gas as the country signed a new deal with the Republic of Congo on Thursday. The Italian delegation paid a →

Inflation Insanity: When Will Home Prices Stop Rising?

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​national interest​​​ by Ethen Kim Lieser Thus far, 2022 has not been a good year for hungry homebuyers, as rampant demand has led to many being priced out of this cutthroat housing market. But as →

Israel Lowers U.S. Dollar Reserves, Embraces Chinese Yuan

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​national interest​​​ by Trevor Filseth The Israeli Central Bank indicated on Wednesday that it would make significant changes to its foreign reserves, including through the purchase of Chinese yuan →

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