Gasoline shortages in Russia, which recently drove prices up, are expected to ease soon, the energy minister told Reuters, citing stronger supply chains and increased refinery production
Browsing: economic impact
Markets plunged sharply after former President Trump announced a daring 100% tariff on Chinese goods, doubling the existing rates. This bold escalation has intensified trade tensions, rattling the global economy with far-reaching impact
The recent policy shifts in the US and China have sent shockwaves through the global renewable energy sector, igniting concerns over a potential slowdown in clean energy investments, Al Jazeera reports
A “perfect storm” of climate change, soaring inflation, and aging infrastructure is driving a dramatic surge in the cost of natural disasters, experts warn. These skyrocketing expenses are creating huge challenges for recovery efforts and placing enormous strain on insurance industries across Australia
Australia is steering through challenging economic times as trade tensions with China persist. Amid these strained relations, exports and investments have taken a hit, prompting Canberra to seek out new markets and expand its economic opportunities
The Canadian Federation of Independent Business is sounding the alarm: soaring tariffs in the Canada-U.S. trade war are threatening the survival of small businesses. They’re urging the government to take swift action to protect cross-border trade and secure our economic future
Japan’s tourism boom, once hailed as a golden opportunity, is now stirring local unrest. Crowded streets, skyrocketing prices, and cultural clashes are fueling calls for stricter visitor controls-revealing the hidden challenges behind the country’s booming travel scene
Japan’s rubber futures plunged sharply, hammered by a soaring yen and sluggish demand. Traders highlight the currency’s rally and weak global consumption as key factors driving prices lower, reports Finimize
Germany soared during the first China Shock, leveraging its powerful manufacturing and export strengths to new heights. However, experts warn that the next wave of economic shifts driven by China’s rise could pose serious challenges to its industrial backbone
Argentina’s sudden cut in export duties has sent shockwaves through the Chicago Board of Trade (CBOT), sparking a surge of volatility as traders race to predict shifts in global commodity supply and prices
N.W.T. Premier recently sat down with the U.S. Ambassador to Canada to confront the challenges that the ongoing trade war presents for Northern communities. United in purpose, they emphasized the power of collaboration to protect local economies and ensure cross-border trade continues to flourish
Indian pharma stocks plunged sharply following President Trump’s announcement of new drug tariffs. However, analysts urge investors not to panic, highlighting that this sell-off is largely sentiment-driven and the sector’s strong fundamentals remain intact despite the market turbulence
As the number of Canadian tourists-fondly known as “leaf peepers”-planning autumn visits begins to wane, local businesses are bracing for a possible dip in fall revenue. Shops and hotels in beloved foliage destinations are reinventing their strategies to attract more U.S. and international travelers this season
South Korea is facing a demographic emergency as its birth rate plunges to historic lows. This sharp drop in births threatens to undermine the country’s economic stability and places enormous strain on social welfare systems, fueling urgent calls for bold and immediate government intervention
Argentina’s soy crushers are facing mounting challenges as the lasting impacts of the Trump-era trade war continue to ripple through the industry, despite a booming surge in exports. Persistent supply chain disruptions and soaring costs are squeezing profit margins, putting intense pressure on the sector’s financial health
France is caught in a whirlwind of political upheaval, with recent government shake-ups sending shockwaves through the markets. Investors are on high alert, preparing for continued uncertainty as key indices highlight growing concerns about the economic outlook, reports Macrobond
EU firms are gearing up for fresh shutdowns as China tightens its grip on rare earth exports, despite recent summit promises, Reuters reveals. These new restrictions could disrupt vital supply chains and send shockwaves through the industry
Democrats warn that Donald Trump’s tariffs are driving India closer to Russia, risking the loss of vital U.S. influence and strategic alliances. Party leaders caution that this realignment could seriously undermine America’s economic strength and global leadership
Stock Spirits has revealed plans to close its German factory, citing operational hurdles and escalating cost pressures. This bold move aims to streamline production and enhance efficiency as the company navigates a fast-evolving market landscape
France’s economy showcases impressive resilience amid global uncertainties, but escalating political turmoil threatens to cloud its bright growth prospects. Bloomberg warns that this unrest could undermine investor confidence and slow down economic momentum