marketcrash
bitcoincrash
pensions
nationaldebt
bubble
risk
debtcollapse
trade
09/01/2023
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By Zoey Sky
Severe DROUGHT affecting Panama Canal threatens at least 40% of the world’s cargo ship traffic
A severe drought is threatening to disrupt shipping on the Panama Canal, the crucial waterway responsible for transporting 40 percent of the world’s cargo ship traffic. An estimated two-thirds of the canal’s traffic is either headed for or leaving the United States. The products that typically ship through the canal include petroleum products, grains, canned and refrigerated foods, […]
08/24/2023
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By Richard Brown
Biden’s tariffs to drive up prices of canned goods, solar panels as “Bidenflation” intensifies
Tariffs are often touted as economic tools to protect domestic industries and address trade imbalances. But the recent plans of President Joe Biden’s administration to impose these on can-making metals imported from China, Germany and Canada will have potential ramifications for both international trade and everyday consumers. While the decision intends to address concerns about trade […]
08/23/2023
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By Ethan Huff
Worsening DROUGHT creates “big mess” at Panama Canal; 200 ships stuck in major BOTTLENECK at one of world’s most important trading routes
Ever-worsening drought conditions in Panama have created a major shipping bottleneck at the Panama Canal, which has a “parking lot of vessels” piling up on both sides with no end in sight. Lack of water in the area has made it extra difficult for some ships to make it through one of the world’s most […]
08/17/2023
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By Laura Harris
India not turning away from Russian Urals crude even as discount to global benchmarks narrows
Indian buyers see no reason to turn away from Russian Urals crude even as the discount to global benchmarks narrows. They argue that similar-quality barrels from the Middle East remain more expensive. In 2022, Russia became the leading supplier of crude due to affordable prices and good control of energy inflation. Earlier this year, the discount […]
07/10/2023
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By Arsenio Toledo
China enacts export restrictions on two crucial metals amid escalating trade war with US
China has just instituted massive export restrictions on two metals – gallium and germanium – necessary for the manufacturing of crucial technologies. According to a notice by China’s Ministry of Commerce and General Administration of Customs, the export controls will come into effect on August 1. These restrictions also include several of their compounds. The communist nation said […]
06/09/2023
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By Arsenio Toledo
New Energy Market Order: Russia, China, Iran sign over a dozen new trade agreements – mostly concerning energy
China, Iran and Russia signed over a dozen agreements with each other in the first week of June alone, mostly concerning energy, showing how the three nations are creating what has been billed as the “New Energy Market Order.” Moscow signed at least 10 new cooperation agreements with Iran for the benefit of both of their […]
05/24/2023
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By Laura Harris
IEA report: Nearly 80% of Russian crude oil has been rerouted from EU to China and India
The vast majority of Russian oil exports had been rerouted to China and India as Moscow continues to reduce its dependence on the European Union (EU) oil trade. In April, Russian oil exports reached their highest level in 14 months, with almost 80 percent heading to Asian markets due to Western sanctions, according to a recent report by the International […]
05/18/2023
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By Arsenio Toledo
China quickly expanding use of yuan in global trade as it seeks to dethrone US dollar as world’s top currency
The Chinese government is taking the country’s currency – the yuan or renminbi – global in a bid to oust the United States dollar as the world’s foremost currency. Chinese President Xi Jinping’s government has been busy over the past year striking deals to expand the ways in which the yuan is used. Countries like […]
05/12/2023
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By Arsenio Toledo
Iran’s trade with BRICS nations SURGES 14% as it eyes joining bloc and divesting from the dollar
Iran has massively increased its trade with the five nations that make up the BRICS alliance, according to the latest data released by the nation’s customs service. BRICS is comprised of the emerging economies of Brazil, Russia, India, China and South Africa. The alliance accounts for approximately 42 percent of the global population and about […]
05/03/2023
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By Arsenio Toledo
DE-DOLLARIZATION: China now uses the yuan for cross-border transactions more than it uses the US dollar
The Chinese yuan has overtaken the United States dollar to become China’s most-used currency for cross-border transactions. This is according to the latest data from the State Administration of Foreign Exchange (SAFE), an agency within the People’s Bank of China, the Chinese central bank. SAFE recorded that cross-border payments and receipts in the yuan rose to […]
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