The European Union is ironing out the details of a potential oil embargo on Russia. A full embargo from the EU could be particularly devastating for Russia’s already-struggling oil industry. Continue Reading
The consequences of harsh economic sanctions against Russia are already being felt across the globe. WSJ’s Greg Ip joins other experts to explain the significance of what has happened so Continue Reading
Steel boss James Brand raises his voice above the roar of metal being funneled into a foundry furnace as he details how rampant costs have pushed him to raise his Continue Reading
China’s economic activity took a dramatic hit in April, according to a survey of sales managers that offered an early indication of how badly expansive Covid lockdowns weighed on the Continue Reading
Multinational companies continue to pay almost 200,000 employees based in Russia despite pledges to suspend or end activities in the country, raising fears of mass sackings or nationalisations as hopes Continue Reading
The war in Ukraine is making it tougher for many emerging-market governments to make debt payments to foreign creditors, fueling concerns of potential crises that could shake markets and weaken the global Continue Reading
China’s crude steel output fell more than 6% in March from the same month a year earlier, data from the statistics bureau showed on Monday, as production at mills was Continue Reading
China’s economy accelerated in the first quarter of the year, even as lockdowns closed factories and kept tens of millions confined to their homes in March, according to official data Continue Reading
The American workforce has been changing rapidly. Here is a look at where the workers have gone and why. Photo illustration: Liz Ornitz/WSJ Several million workers who dropped out of Continue Reading
Russia is ambling toward a major default on its foreign debt, a grim milestone that it has not seen since the Bolshevik Revolution more than a century ago and one Continue Reading
Several million workers who dropped out of the U.S. workforce during the Covid-19 pandemic plan to stay out indefinitely because of persistent illness fears or physical impairments, potentially exacerbating the Continue Reading
Global supply of key food and energy commodities is starting to impact the global economy. Rising core inflation and hawkish Central Bank policy could further impact economic growth. The Global Continue Reading
Moody’s said Russia may be in default because it tried to service its dollar bonds in roubles, which would be one of the starkest consequences to date of Moscow’s exclusion Continue Reading
Wood Mackenzie has produced a downside scenario for the global economy. Global economic growth could slow to 2.5 percent year on year in 2022 and 0.7 percent in 2023 due Continue Reading
Consumers are growing savvy to shrink flation, the practice of downsizing the contents of a product rather than raising prices. So companies are getting creative. WSJ’s Annie Gasparro explains how Continue Reading
US consumer price growth is expected to have surpassed 8 percent in March following a surge in energy and food prices following Russia’s war on Ukraine, bolstering expectations the Federal Continue Reading
Elvira Nabiullina spent eight years modernizing Russian monetary policy and forging bonds with global markets. In the past six weeks, she took apart much of what she created for a Continue Reading
Russia’s current account surplus, the broadest measure of trade, more than doubled in the first quarter of 2022 from the same period last year amid soaring oil and gas prices, Continue Reading
With coronavirus lockdowns, a real estate downturn, and surging oil prices stemming from Russia’s invasion of Ukraine, Chinese President Xi Jinping is turning to reliable allies to keep his ambitious Continue Reading
S&P Global Ratings cut Russia’s unsolicited foreign currency issuer credit ratings to selective default as it became the last major agency to pull sovereign ratings on the country. “The foreign Continue Reading
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
Ford and GM recently introduced their first electric pickup trucks. WSJ auto reporter Mike Colias breaks down the different strategies the two legacy auto manufacturers are pursuing to bring their Continue Reading
There is little sign that a recession is imminent. But sky-high demand and supply shortages are testing the economy’s limits. The rapid rebound in consumer spending has overwhelmed supply chains, Continue Reading
Russia’s private sector suffered “substantial declines” in activity last month as the impact of sanctions over the invasion of Ukraine and the plunge in the ruble triggered the sharpest drop Continue Reading
Before Russia invaded Ukraine, Mike Bazhenov was eyeing a new MacBook for work and an SUV for his nature photography trips near Lake Baikal. Instead, the 30-year-old software developer bought 10 Continue Reading
Germany will face a steep recession if there is a stop to imports or delivery of Russian gas and oil, a top German bank lobby warned on Monday. Europe’s largest Continue Reading
Euro-zone inflation surged to a record 7.5% in March from a year ago as Russia’s war in Ukraine further boosted already soaring energy costs. While that’ll cost consumers about 230 Continue Reading
Strong demand and tight inventories are leading drivers to snatch up vehicles as soon as they hit the lot. Auto makers are expected to report weak vehicle sales for the Continue Reading
Russia’s rouble has wiped out nearly all of the losses incurred after Vladimir Putin’s invasion of Ukraine as Moscow applies draconian capital controls and blocks most foreign traders from exiting Continue Reading
Russia’s invasion of Ukraine will cause their economies to contract this year by about 10% and 20%, respectively, the region’s leading development bank said Thursday in one of the most Continue Reading
Russia’s economy will shrink by 10 percent this year as the war in Ukraine and western sanctions inflict the deepest recession since the early 1990s, according to the European Bank Continue Reading
A closely watched recession signal flashed red on Tuesday, as investors fretted that the Federal Reserve’s efforts to tame inflation will bring about a sharp slowdown in US economic activity. Continue Reading
Saxo Bank expects a “dramatic change of policy” from the ECB this year. Sign up for the New Economy Daily newsletter, follow us @economics, and subscribe to our podcast. European Continue Reading
Russian steel market was expected to grow 2%-3% on year prior to the war Logistical challenges make rerouting steel volumes to Asia costly Eastern railway network overburdened, Northern Sea route Continue Reading
Shipping containers and gantry cranes at the Kwai Tsing Container Terminals in Hong Kong on March 14. Global supply strains that started to ease in early 2022 are worsening again Continue Reading
Federal Bank of Dallas economists warn that a global economic downturn may be unavoidable if a large of Russian energy exports remain off the market throughout the year. Billionaire investor Continue Reading
U.S. jobs and wages probably kept growing robustly in March and a key inflation measure may have reached a new 40-year high, reports that could push the Federal Reserve toward Continue Reading
For years, Volkswagen AG thrived as a global company, building and selling its cars all around the world. But as war, health scares and trade disputes roll back decades of Continue Reading
Russia’s economy is on course to contract in two consecutive years for the first time since the collapse that followed the Soviet breakup three decades ago, according to a Bloomberg Continue Reading
Compounding ongoing supply chain concerns, Russia’s war on Ukraine is posing a major problem for the auto industry. The industry has already spent the past two years trying to catch Continue Reading
When the Cold War ended, governments and companies believed that stronger global economic ties would lead to greater stability. But the Ukraine war and the pandemic are pushing the world Continue Reading
