Europe will undergo a period of rising prices and slow or stagnant economic growth due to the Iran War, even if the two-week ceasefire between the U.S. and Iran holds or extends, Valdis Dombrovskis, the European Union’s (EU’s) economy minister, warned last week.
The socioeconomic and geopolitical impact of the Iran War is global.
In March, central banks cashed in $82 billion worth of their holdings of U.S. treasury securities at the Federal Reserve Bank of New York, reducing the volume of their securities there to the lowest since 2012, the Financial Times reported.
Investors brushed aside concerns about a Mideast war, a U.S. stock market that delivered its worst quarter in four years, $100-a-barrel oil, and a bond sell-off to announce a record 22 deals with a value of at least $10 billion each during this year’s first three months.
Amid skyrocketing energy prices, the government of the Philippines has ordered people to work from home if they are able to in order to save fuel usually spent on commuting.
As Gerald Celente has long noted, the 20th century was the American century, but the 21st century will be the Chinese century.
In March, the world’s hedge funds sold the greatest volume of assets in more than four years, Reuters reported, as global economic volatility roiled market values.
Investors’ demands to withdraw their money from private credit funds increased last week, rising to “unprecedented levels,” The Wall Street Journal reported.
Europe faces a “long-lasting” crisis of energy shortages and high fuel prices, the European Commission (EC) has warned.
Apollo Global Management is buying Nippon Sheet Glass for about $3.7 billion.