Russia could soon be forced to curtail crude oil production by 30%, subjecting the global economy to the biggest supply crisis in decades — that is, unless Saudi Arabia and other major energy exporters start pumping more. The world’s second-largest crude oil
Tag: economy
China’s new Covid lockdowns are another threat to the economy
London (CNN Business)Russia’s war in Ukraine is roiling the global economy as policymakers race to get high inflation under control. But China’s response to its worst outbreak of Covid-19 in two years is a reminder that the conflict isn’t the
Inflation Is Not The Biggest Thing Happening In The Economy Right Now
WASHINGTON ― Rising prices have crushed consumer sentiment and become a major political story as President Joe Biden struggles to enact the broad social policy agenda that helped him win the White House last year. But inflation is actually just
House bill would eliminate natural gas, impose sweeping changes on economy
President Joe Biden’s climate ambitions will face a critical test on Monday as a major portion of the $3.5 trillion reconciliation bill comes up for a vote. If it passes, the sprawling legislation will push the American economy to rein