Russia’s first external default in a century now looks all but inevitable after another brutal week for the country’s finances. First, the Treasury halted dollar debt payments from Russia’s accounts Continue Reading
In the latter half of the 1980s, roughly 200 American companies withdrew from South Africa, partly in protest against its apartheid system. As businesses fled the country, South Africa’s segregationist Continue Reading
The U.S. economy faces plenty of threats: War in Ukraine, high grocery bills, spiking gasoline prices, splintered supply chains, the lingering pandemic and rising interest rates that slow growth. The Continue Reading
The trucking industry has long been dealing with a shortage of drivers and high job turnover, but supply-chain bottlenecks have underscored the need for new recruits. Here’s how some companies Continue Reading
Growth in developing Asia will likely be slower this year than previously thought, the Asian Development Bank said on Wednesday, as the war in Ukraine is expected to derail an Continue Reading
Barricades, panic buying and empty streets are some scenes from Shanghai as China’s most populous city imposed a new lockdown. Offices and factories – including Tesla’s – were affected by Continue Reading
Janet Yellen U.S. Treasury Secretary Janet Yellen will warn on Wednesday that the war in Ukraine threatens to inflict “enormous economic repercussions” globally, just as governments impose fresh sanctions on Continue Reading
German consumers should expect to pay more for dairy produce and meat as production costs hit “extraordinary” levels, according to the country’s farmers union. Moscow’s invasion of Ukraine has boosted Continue Reading
German factory orders fell for the first time in four months in the runup to Russia’s invasion of Ukraine, underscoring concerns over slower growth in Europe’s largest economy. Demand declined Continue Reading
A measure of U.S. supply-chain pressures rose to a record, adding to already stiff inflationary headwinds from logistics amid dwindling warehouse space and unprecedented inventory costs. The Logistics Managers’ Index Continue Reading
