BofA CEO notes consumers trading down to cheaper pet food amid inflation
Bank of America CEO Brian Moynihan sees a clear shift in consumer behavior in the pet food aisle,…
Indonesia may have stabilised the Rupiah, but the bigger fight is not over
Bank Indonesia’s emergency rate hike has bought the Rupiah some time, but the currency’s hesitant response suggests it…
Africa’s largest refinery reduces the amount of clean fuel being imported into West Africa
West Africa’s imports of clean refined petroleum products dropped dramatically to 765,000 barrels per day in May…
US and UK central banks expected to keep interest rates on hold amid Iran peace deal | Interest rates
Central banks in the US and UK are expected to leave interest rates on hold this week as…
Irish consumers yet to feel full impact of war in Middle East, experts suggest – The Irish Times
Many Irish consumers will be worse off by at least €1,000 a year as a direct consequence of…
Euro area trade balance posts a deficit in April due to jump in energy imports
This feels like stepping back in time to the Russia-Ukraine conflict, as the euro area trade balance returns…
Britain ‘faces deindustrialisation’ without relief from high energy prices, survey warns | Manufacturing sector
Britain’s industrial sector is at risk of collapse as thousands of companies warn that they could face bankruptcy…
ECB policymaker Nagel says ECB is keeping all options open for July meeting
ECB keeping all options open for July meetingOil supply to take months to recover once the Strait opensECB…
Industrial production increases 6 percent in April
ANKARA Türkiye’s calendar-adjusted industrial production index increased by 6 percent in April compared to the same month…
Global issues and vertical integration
Economic historians coined the phrase ‘vertical integration’ to understand the rise of Rockefeller’s oil conglomerate The writer is…
U.S. Interest Expense Just Hit $1.6 Trillion Annually. Peter Schiff Warns a Dollar Crisis Arrives When It Hits $2 Trillion.
© FOTOGRIN / Shutterstock.com Peter Schiff has been sounding the alarm on U.S. sovereign debt for years, and…
Saudi housing demand remains robust despite conflict-affected Q1: Knight Frank
RIYADH: The fundamentals underpinning Saudi Arabia’s housing market “transcend” the impact of the Iran war, a property expert…