Governments around the world “have vowed in recent weeks to deploy more clean energy” and reduce their dependence on fossil fuels that flow out of a part of the world always in turbulence, The Wall Street Journal reported.
Tag: Global Economy
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TURKEY SELLS OR LOANS GOLD, DRIVING WORLD PRICES DOWN
Since the Iran War began, Turkey’s central bank has sold or loaned about $20 billion worth of its gold bullion.
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TOP TREND 2025: DRAGFLATION
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.
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SPOTLIGHT: THE IRAN WAR’S ECONOMIC IMPACT
The socioeconomic and geopolitical impact of the Iran War is global.
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CENTRAL BANKS DUMP U.S. TREASURY SECURITIES
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.
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SPOTLIGHT: BIGS GETTING BIGGER
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.
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SPOTLIGHT: ECONOMIC UPDATE FROM THE IRAN WAR FRONT
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.
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SPECIAL REPORT: HOW CHINA PROFITS FROM THE IRAN WAR
As Gerald Celente has long noted, the 20th century was the American century, but the 21st century will be the Chinese century.
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HEDGE FUNDS SINKING UNDER ECONOMIC TURBULENCE
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.
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THE PRIVATE CREDIT INDUSTRY IMPLODES
Investors’ demands to withdraw their money from private credit funds increased last week, rising to “unprecedented levels,” The Wall Street Journal reported.