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Economy

“Inflation rose 7.9% in February, as food and energy costs push prices to highest in more than 40 years”

March 10, 2022

“…The consumer price index, which measures a wide-ranging basket of goods and services, increased 7.9% over the past 12 months, a fresh 40-year high for the closely followed gauge, according to the Labor Department’s Bureau of Labor Statistics… Food prices rose… Continue Reading…

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Economy

“Food crisis grows as spiraling prices spark export bans”

March 9, 2022

“…The conflict in Ukraine is threatening global grain production, the supply of edible oils and fertiliser exports, sending basic commodity prices rocketing and mirroring the crisis in energy markets… Palm oil prices have risen by more than 50% this year….… Continue Reading…

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Business, Economy

“Half of Americans quit their jobs last year to make a career change…”  

March 9, 2022

“…It turns out the “Great Resignation,” also known as the “Great Reshuffle,” has many Americans rethinking the type of work they are doing. Some 53% of employed U.S. adults who quit their job in 2021 changed their occupation or field… Continue Reading…

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Economy, Energy

“Russia warns of $300 oil, threatens to cut off European gas if West bans energy imports”

March 8, 2022

“Russia has threatened to close a major gas pipeline to Germany and warned of $300 oil prices if the West goes ahead with a ban on its energy exports. “It is absolutely clear that a rejection of Russian oil would… Continue Reading…

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Economy, Energy

“Shell won’t buy any more Russian oil and gas”

March 8, 2022

“…Shell (RDSA) said Tuesday it was breaking completely with Russia’s giant energy industry, halting all purchases of Russian crude oil immediately and shutting its service stations in the country.The UK-based company, which last week announced it was dumping its investments in Russia, said its decision… Continue Reading…

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Economy

“Food prices jump 20.7% yr/yr to hit record high in Feb, U.N. agency says”

March 7, 2022

“World food prices hit a record high in February, led by a surge in vegetable oils and dairy products, to post a 20.7% increase year-on-year, the U.N. food agency said on Friday…FAO said its vegetable oils index rose 8.5% month-on-month… Continue Reading…

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Economy

“Russian war in world’s ‘breadbasket’ threatens food supply”

March 7, 2022

“The Russian tanks and missiles besieging Ukraine also are threatening the food supply and livelihoods of people in Europe, Africa and Asia who rely on the vast, fertile farmlands of the Black Sea region — known as the “breadbasket of the world.”…”… Continue Reading…

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Economy

“February jobs rose a surprisingly strong 678,000, unemployment edged lower while wages were flat”

March 4, 2022

“Job growth accelerated in February, posting its biggest monthly gain since July as the employment picture got closer to its pre-pandemic self. Nonfarm payrolls for the month grew by 678,000 and the unemployment rate was 3.8%, the Labor Department’s Bureau… Continue Reading…

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Economy, Energy

“…Americans are warned to budget for $5-A-GALLON gas as oil prices surge during Russian invasion of Ukraine and US national average rises to $3.61”

March 4, 2022

“Americans can expect to see gas prices to rise to $5 a gallon in the coming weeks, as the cost of oil continues to rise in the days following Russia’s invasion of Ukraine, experts say – and some parts of California… Continue Reading…

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Economy, Stocks

“Russian Stocks in London Wipe Out 98% of Value in Two Weeks”

March 2, 2022

“The Dow Jones Russia GDR Index, which tracks London-traded Russian companies, has plunged 98% in two weeks. The slump has wiped out $572 billion from the market value of 23 stocks, including Gazprom PJSC, Sberbank of Russia PJSC and Rosneft… Continue Reading…

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