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Economy
How An 18th Century Gambler Paved The Way For Central Banks, And Necessitated Bitcoin
I always love writing about the bridge between current events and their (often entertaining) counterparts or parallels in history. The current “war-on-cash” we see by the nation states along with the planned economy of the Amazons,…
The Fed, inflation and Spider-Man: Morning Brief
This article first appeared in the Morning Brief. Get the Morning Brief sent directly to your inbox every Monday to Friday by 6:30 a.m. ET. SubscribeWednesday, December 15, 2021‘Spider-Man’ and a high-class inflation problemDonning my…
A key inflation measure just hit a nearly four-decade high
Stripping out energy and food prices, both of which jumped over the period, the price index advanced 4.7%, the biggest increase since September 1983.For anyone hoping there would be an end to the exorbitant climb in prices before…
Britain’s stalling economy blamed on inflation and product shortages
Britain’s economic recovery stalled before the arrival of the Omicron variant of Covid and the dampening effect of the government’s plan B restrictions on consumer spending in the Christmas shopping period, a wide-ranging company survey…
Japan’s favourite snack falls victim to global inflation with first-ever price hike
One of Japan’s best-loved snacks is to go up in price – by a whopping 20% – for the first time since its launch more than four decades ago,But Umaibo – literally “delicious stick” – will still be a steal for schoolchildren at just ¥12…
Biden officials weighing Russia sanctions options after warnings about economic fallout,
One concern is that those negative effects could boomerang back onto the US during an election year, sources told CNN. But others in the administration believe the tough sanctions being weighed would have a manageable impact on the US,…
‘It won’t be easy’: the European exporters battling Brexit bureaucracy
For more than two decades, Unexport has shipped millions of kilograms of produce annually from farms in the southern Spanish region of Murcia to clients in the UK. Brexit has transformed the relatively straightforward process into a…
Venezuela to export diluted crude after 9-month pause, document shows
An oil tanker is seen at Jose refinery cargo terminal in Venezuela in this undated file photo. REUTERS/Jorge SilvaRegister now for FREE unlimited access to Reuters.comRegisterJan 10 (Reuters) - Venezuelan state-run oil firm PDVSA this…
Calisto Tanzi, Parmalat founder convicted over huge 2003 bankruptcy, dies at 83
The jailed founder and former chief executive of the failed Italian food giant Parmalat, Calisto Tanzi, sits in his garden at his residence near Parma, northern Italy, September 27, 2004. REUTERS/Daniele La MonacaRegister now for FREE…
GSK banks on stronger offer for its consumer healthcare business
With typical bravado, GlaxoSmithKline has, we learned on Saturday, dismissed three takeover bids from Unilever for its consumer healthcare venture with Pfizer, including one worth £50bn received just before Christmas.The drugmaker, run…