Ongoing volatility in the price of oil could shave 1.75 percent off the value of world trade by the end of next year, the private Global Trade Alert (GTA) research organization reported.
Author: admin (Kendrick Williams)
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SPOTLIGHT: IRAN WAR SUPERCHARGES SHIFT TO CLEAN ENERGY
Simon Stiell, the United Nations official in charge of its program addressing climate change, calls it an “immense irony:” a world leader – Stiell did not name the person – who has dismantled clean energy programs at home and championed greater use of fossil fuels is “inadvertently supercharging the global renewables boom.”
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SPOTLIGHT: PRIVATE CREDIT ALERT
The $2-plus-trillion private credit industry is “untested” in a sharp economic downturn, the Financial Stability Board (FSB) pointed out in a report on the private credit market released last week.
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AI CHIPMAKER SAMSUNG IS NOW WORTH $1 TRILLION
The market value of South Korea’s Samsung Electronics reached $1 trillion on 6 May, thanks to demand for its AI-related memory chips.
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GOING OUT OF BUSINESS TRENDS
The “going out of business” trend is spreading. What began as a retail-centric downturn has evolved into a broader contraction hitting restaurants, healthcare providers, manufacturers, and regional employers.
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WHEN THE ECONOMY FALLS, JOBS GO WITH IT
Hiring is slowing, wage growth is losing ground to inflation, and layoffs are quietly expanding across more industries.
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GAZA/ LEBANON DEATH TOLL
Israel has killed at least 72,737 Palestinians and wounded over 172,500 people since the start of the genocidal war in October 2023.
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CARRYING EXTRA WEIGHT CAN LEAD TO A DECLINE IN BRAIN HEALTH LATER IN LIFE
Researchers published a study last week that linked individuals with high BMIs for extended periods of time with an increased risk of memory loss, cognitive impairment, and reduced reasoning skills as they grow older than people who maintain a healthy weight.
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MORE COMPLICATIONS ARISE IN THE TRUMP UNIVERSE – RULING THE WORLD IS A TRICKY BUSINESS
The top story last week, at least in terms of shock value, might well be the ongoing saga of the Trump White House ballroom, which started out as a $200 million development off of the building’s East Wing accommodating 300 guests and completely paid for by private donors.
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ULTRA-PROCESSED FOODS LINKED TO PLASTIC BUILDUP IN BRAINS: STUDY
Ultra-processed foods have been linked to various mental health disorders, and one of the reasons could be that microplastics and nanoplastics commonly found in these food products could easily cross the brain’s protective barrier just hours after being ingested, according to report.