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News & Articles By Arsenio Toledo
04/01/2022
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By Arsenio Toledo
IMF WARNS: Rising shipping costs are affecting inflation, raising prices of everyday goods
The International Monetary Fund (IMF) is predicting that the effects of the two-year-long global supply chain crisis will worsen again in April, as rising shipping costs threaten to slow economic growth and worsen inflation. According to an article posted on the IMF’s website on March 28, the organization outlined how the economic restrictions imposed upon the world […]
03/30/2022
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By Arsenio Toledo
Drought conditions causing surge in cotton prices, raising fears clothes could become more expensive
Freak weather patterns in the United States, including drought conditions in Texas, are affecting the price of cotton, signaling fears that clothes are about to get more expensive. On Monday, March 28, cotton futures in Texas jumped by four percent to reach a price of $1.3171 per pound. At one point during the trading day, cotton futures […]
03/25/2022
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By Arsenio Toledo
Price of crude oil shoots above $120 per barrel during short squeeze; experts warn of even higher oil prices in coming months
During a short squeeze on Wednesday, March 23, the price of crude oil futures shot up to a record-breaking price of $120 per barrel. Financial experts warn that this is just the beginning, and oil prices will one day stay above $120 per barrel for a long time. Brent crude futures, one of several internationally […]
03/25/2022
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By Arsenio Toledo
Philippine President Rodrigo Duterte threatens to RATION gasoline as fuel prices continue to surge
Philippine President Rodrigo Duterte warned in an address that he may start rationing gasoline supplies as a way to deal with the skyrocketing price of fuel. In a pre-recorded address released on Tuesday, March 22, Duterte reminisced about his childhood, when fuel rationing was a lot more common because of limited supplies. He warned that this […]
03/23/2022
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By Arsenio Toledo
Los Angeles first major city in the country to reach average gas price of $6 per gallon
Los Angeles on Tuesday, March 22, became the first major city in the United States to have an average gas price of over $6 per gallon. Patrick De Haan, head of petroleum analysis for Boston-based fuel price assessment company GasBuddy, broke the story that Los Angeles was the first big city in America to breach […]
03/23/2022
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By Arsenio Toledo
Production costs in Germany rise by record-breaking 25.9% due to ongoing energy crisis
German producers reported a record-breaking rise in factory gate costs of 25.9 percent year-on-year for February, pushed upward mainly due to the ongoing energy crisis caused by Germany’s green policies and the war in Ukraine. This data is according to the Federal Statistics Office, a German federal authority responsible for collecting statistical information. The office added that […]
03/22/2022
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By Arsenio Toledo
China’s Evergrande indefinitely suspended from trading in Hong Kong Stock Exchange
The Hong Kong Stocks Exchange (HKSE) just suspended trading in shares for Evergrande, China’s largest property developer and one of the world’s most indebted corporations. China Evergrande Group has become quite notorious in recent months due to its financial troubles, which could have debilitating effects on the global economy. (Related: On the brink of economic […]
03/20/2022
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By Arsenio Toledo
Oil prices continue to surge amid fears of approaching supply crisis
The price of oil worldwide surged once again on Thursday, March 17, after the International Energy Agency (IEA) warned that the world could experience a massive shortage in the global oil supply by next month. According to the IEA, Russian oil production could shrink by nearly three million barrels per day (bpd) while Russian oil exports could fall […]
03/20/2022
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By Arsenio Toledo
Saudis consider using yuan over dollar in oil sales; move could signal collapse of petrodollar and the American economy
The status of the American dollar as the world’s most influential and most powerful currency is coming to an end, as Saudi Arabia’s move to allow the use of the yuan for Chinese oil sales is widely seen as a signal that the petrodollar is weakening. In an article for the Wall Street Journal, journalists Summer […]
03/17/2022
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By Arsenio Toledo
World braces for renewed supply chain crisis as COVID outbreaks shut down highly vaccinated China
The supply chain crisis is expected to get worse as the resurgence of Wuhan coronavirus (COVID-19) in highly vaccinated China led to tens of millions being forced into some form of lockdown. News from authoritarian China shows that the communist nation’s zero-tolerance approach to the coronavirus has failed, and around 51 million people are currently under lockdown due […]
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