Economy

Brexit has made Britain the sick man of Europe again | William Kegan

When recently asked about the Today program to quote chapter and verse on the subject of Brexit “opportunities” Michael Gove, the Secretary of State for All Seasons, was hopelessly out of depth. However, Gove missed a round. What he should have said, but as a registered Brexiter obviously could not, is that the only “opportunity” …

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China is starting to really regret its friendship with Russia

China is starting to really regret its friendship with Russia

“The biggest surprise for China was that Russia totally misjudged its own power. We thought that Russia would win a war very quickly,” the Chinese expert explained with regret, a few weeks after the invasion. This was not the official line, which was then in the phase of intense attempts to persuade the global public …

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Millions of households will spend almost a third of their income on fuel by spring

Millions of households will pay nearly a third of their income in fuel costs this spring, amid warnings that a ‘black hole in supply’ remains for Britain’s poorest families. The vast majority of households in certain vulnerable groups – including around 70% of pensioners – will spend a tenth or more of their income on …

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Latin America stagnation 'worse than 1980s', says UN official

Latin America stagnation ‘worse than 1980s’, says UN official

Low investment, low productivity and inadequate education condemned Latin America to a period of economic failure even worse than the “lost decade” of the 1980s, according to the UN’s top economics official in the region. José Manuel Salazar-Xirinachs, new head of the United Nations Economic Commission for Latin America and the Caribbean (ECLAC), said the …

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Conflict of Interest: Did Low Interest Rates Create the “Everything Bubble”?

Twenty years ago, a young economist destined to become a household name in Australia issued a warning to central banks around the world. “[L]lowering rates or providing ample liquidity when problems materialize, but not raising rates as imbalances accumulate, can be rather insidious in the long run,” he said. “They promote a form of moral …

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Chevron can resume a key role in Venezuela's oil production and exports

Chevron can resume a key role in Venezuela’s oil production and exports

WASHINGTON/HOUSTON, Nov 26 (Reuters) – Chevron Corp on Saturday received a U.S. license allowing the second-biggest U.S. oil company to expand production in Venezuela and ship crude oil from the South American country to the United States . The ruling grants broader rights to the last major US oil company still operating in US-sanctioned Venezuela. …

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House Republicans don't really have a plan to cut inflation, but economists say it could be a good thing - The Boston Globe

House Republicans don’t really have a plan to cut inflation, but economists say it could be a good thing – The Boston Globe

But these are all longer-term initiatives. They don’t really have a short-term plan, and even if they did, they’re unlikely to get any significant legislation through the Democratic-controlled Senate and the former president’s veto pen. Biden. “To be honest, taming President Biden’s continuing raging inflation will be difficult,” Texas Rep. Kevin Brady, a key player …

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United Furniture employee: Company-wide layoff 'teared me apart'

United Furniture employee: Company-wide layoff ‘teared me apart’

She was looking forward to a big family for Thanksgiving when Toria Neal received a text that changed her life: the mother of four was losing her job, along with everyone else in her business. “I couldn’t believe my eyes,” Neal, 36, told The Post. “The text stated that we were all made redundant and …

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A railway strike will not ruin your vacation.  Here's how it will affect you in other ways |  CNN Business

A railway strike will not ruin your vacation. Here’s how it will affect you in other ways | CNN Business

New York CNN Business — So once again the nation and its economy are facing the risk of a massive freight railway strike, this one as early as December 9th. But the one thing you don’t have to worry about is whether it will affect your holiday shopping. plans. (This will not be the case.) …

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Just because a company bulked up doesn’t mean that layoffs are coming.

Mega-corporations have turned America’s job market upside down. They start again

Part of what has made the US job market so tight is that big, publicly traded companies have been hiring like crazy after the pandemic hit. Now that many are backtracking, it looks like a wave of unemployment is underway. The parent meta-platforms of Amazon, Disney and Facebook are all suddenly acknowledging that they have …

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