October 1 marks the beginning of the new fiscal year in America. The White House faces a difficult task in reaching an agreement with Republicans in Congress to approve the budget. Many in this party do not agree with Biden’s policies and, as people say, “sharpen a grudge against him” and are waiting for the…
Oil prices should fall as a result of increased supplies from countries other than OPEC+ leaders such as Saudi Arabia and Russia, Citigroup Inc. said. While technical traders and geopolitical risks could push prices above $100 briefly, additional supply means “$90 prices look unsustainable,” analysts including Ed Morse wrote. This, in turn, should lead to…
Against the backdrop of the stabilization of the Chinese economy and the strengthening of the Chinese yuan, the government is lifting restrictions on the import of gold into its country. As the authoritative news agency Financial Times notes, this could cause increased volatility for the most sought-after metal on the planet, further opening up a…
After ten months of consistent decline, gas consumption in the EU countries in August increased by 6.5% year on year – to 17.5 billion cubic meters, as stated in the monthly report of the Gas Exporting Countries Forum (GECF). At the same time, from January to August, gas consumption in the EU decreased by 9.5%…
The German Institute for Economic Research is one of the most influential and authoritative. It was founded back in 1925 and has received a huge number of prestigious awards for the best research and forecasts in various sectors of the economy. Today, in an official forecast, the German Economic Institute DIW worsened its forecast for…
Birmingham City Council announced on September 5 that it had filed for bankruptcy. From this day on, the city stops all payments and expenses, with the exception of social security obligations. The main reason for the bankruptcy was the legal costs that Birmingham incurred during the consideration of the claim of trade unions, who accused…
As expected, Saudi Arabia followed Russia and its decision to voluntarily cut oil production. The first reaction of the market to such changes was the rise of quotations above $90 per barrel. As a rule, in a not very stable world economy, such demand for news quickly fades away. But when a giant like Goldman…
2023 can be marked by a turning point in the history of the economies of various countries. The rise in the cost of energy resources and the consumer principle of people’s living are increasingly provoking large technology companies to rush to create something new. Hired engineers and managers work according to the corporate American labor…
The Japanese yen has once again depreciated against the dollar and is trading near all-time highs of 150,000. The Japanese regulator continues to keep the interest rate unchanged, despite the growing inflation in the country following the global trend in this indicator. For a long time, the Central Bank of Japan has not raised or…
US Federal Reserve Governor Christopher Waller spoke today on the current economic situation in the country, based on economic statistics for the past week. He believes that the situation in the labor market is beginning to soften, and he is not surprised that the unemployment rate has risen, but does not comment on the reasons…
