Brits are starting to think again about Brexit as the economy slides into recession

Anti-Brexit protester Steve Bray (L) and a pro-Brexit protester argue as they demonstrate outside the Houses of Parliament in Westminster on January 08, 2019 in London, England. Jack Taylor | Getty Images News | Getty Images The U.K.’s growth prospects are lower even than Germany, whose economy is uniquely exposed to higher energy prices owing … Read more

Oil Prices Could Rise After Latest EU Sanctions on Russia

The European Union’s ban on seaborne imports of Russian oil, along with the Group of Seven’s plan to cap prices of oil from Russia early next month won’t guarantee that prices for the commodity will see a lasting rally, or that supplies will tighten further in the days ahead. “In isolation, the sanctions on Russia … Read more

Global shipping industry faces a new problem — too many containers

Trends in global supply chains continue to flip as container prices fall and container depots fill up, logistics data show. Sasin Tipchai | 500Px | Getty Images While there was a shortage of containers at the height of the pandemic, the global economy is now facing the opposite problem: too many containers.  On top of … Read more

New Foreign Trade Policy to chart vision statement for 25 years

To inspire exporters to dream big, the new Foreign Trade Policy (2022-27), expected to be announced later this week, is likely to feature a ‘vision statement’ laying the road-map for increasing India’s share in world trade to 10 per cent of global trade by 2047 and 3 per cent by 2027 from the existing 2.1 … Read more

Impact on Philippines, Indonesia, Thailand: Nomura

Rice production in India has fallen by 5.6% year on year as of September in light of below-average monsoon rainfall, which has affected harvest, Nomura said. Rebecca Conway | Getty Images News | Getty Images India, the world’s largest rice exporter, has banned shipments of broken rice — a move that will reverberate across Asia, … Read more

Russia Confounds the West by Recapturing Its Oil Riches

Moscow is raking in more revenue than ever with the help of new buyers, new traders and the world’s seemingly insatiable demand for crude Oil storage tanks at the RN-Tuapsinsky refinery in 2020 operated by Rosneft Oil Co., in Tuapse, Russia. Andrey Rudakov/Bloomberg News

Increase in ‘unsafe’ aerial Chinese intercepts’: U.S. Navy

U.S. Navy P-8 Poseidon aircraft. Nurphoto | Nurphoto | Getty Images SINGAPORE — The commander of the U.S. Seventh Fleet said on Tuesday that he’s seen an increase in “unsafe” aerial intercepts by the Chinese military in the South China Sea region. As recently as May, a Chinese fighter aircraft allegedly intercepted a Royal Australian … Read more

China’s trade curbs on Taiwan after Pelosi visit are drop in the ocean

Beijing’s trade blocks against Taiwan affect about 0.04% of their two-way trade, reinforcing that these moves in Beijing’s playbook tend to be more political than economic, analysts said.  Beijing took action against Taiwan following U.S. House Speaker Nancy Pelosi’s visit to the island earlier this month despite warnings from Beijing. That included suspensions of imports … Read more

Senate Passes Climate Bill. The Rush to Renewable Energy Is On.

The climate and tax package passed by the Senate on Sunday will unlock some $370 billion in funding for clean energy and accelerate a historic shift in how the world is powered. Along with a parallel initiative in Europe, the bill could trigger private investments that reach into the trillions. The transition to renewable energy … Read more