A large segment of the Israeli work force has been called up to fight or become jobless as a result of the conflict with Hamas.
Tag: Economic Conditions and Trends
A Thriving Border Town Undercuts South Africa’s Anti-Immigrant Mood
People by the thousands risk crocodile attacks, robbery, drowning and arrest to cross the Limpopo River from Zimbabwe to South Africa, part of a booming migrant economy.
Red Sea Shipping Halt Is Latest Risk to Global Economy
Next year could see increasing volatility as persistent military conflicts and economic uncertainty influence voting in national elections across the globe.
Under Argentina’s New President, Fuel Is Up 60%, and Diaper Prices Have Doubled
Javier Milei warned that things would get worse before they got better. Now Argentines are living it.
How China Is Profiting From Trade With Russia
The country’s trade with Russia this year has exceeded $200 billion, and makers of cars and trucks are the big winners.
Blocked by Polish Truckers, Ukraine Turns to the Black Sea to Boost Trade
The blockade at the border with Poland has crippled Ukraine’s land trade. But a new Black Sea route is providing an economic lifeline.
The Debt Problem Is Enormous. Experts Say the System for Fixing It Is Broken.
Economists offer alternatives to financial safeguards created when the U.S. was the pre-eminent superpower and climate change wasn’t on the agenda.
Russia’s Central Bank Raises Rates to 16 Percent
The bank warned that its tight monetary policy would continue “for a long period” as it attempts to slow an economy in danger of overheating.
Bank of England Keeps Interest Rates at 5.25%, a 15-Year High
The Bank of England and European Central Bank both held their benchmark rates steady. Even though inflation has been slowing, they gave no indication of when rates would start to come down.
Argentina’s New ‘Anarcho-Capitalist’ President Starts Slashing
Javier Milei has railed against Argentina’s government for years. In his first week in charge, he’s begun cutting it down.