The US shale oil boom is officially over

Gone are the days of explosive growth in US shale oil production. US oil production is increasing, but at a much slower pace than before the 2020 crash, and at lower rates than expected a few months ago. The shale sector’s new priorities – capital discipline, focus on shareholder returns and debt repayment – have … Read more

The globalization elephant has left the room

Almost a decade ago, the elephant of globalization entered the room. At a time when advanced Western economies were still reeling from the 2008 financial crisis, World Bank 2013 Worksheet It has a chart on the back to explain everything. The graph, made by researchers Christoph Lackner and Branko Milanovic, looks like an elephant. It … Read more

Crunching inflation misses the shopping boom on “Black Friday”

The start of the Black Friday holiday shopping season is expected to bring particularly big discounts in 2022, but one challenge is finding consumers confident enough to spend. Chronic inflation in the world’s largest economy in recent months has created uncertainty about this year’s holiday season, which begins the day after the Thanksgiving holiday on … Read more

The British are beginning to think again about Brexit as the economy slips into recession

Anti-Brexit protester Steve Bray (L) and a pro-Brexit protester argue as they demonstrate in front of the Houses of Parliament in Westminster on January 08, 2019 in London, England. Jack Taylor | Getty Images News | Getty Images The UK’s growth prospects are even lower than Germany’s, whose economy is uniquely vulnerable to higher energy … Read more

Jeff Bezos Just Issued A Financial Warning, Says You Might Want To Rethink Buying ‘A New Car, Refrigerator, Or Something Else’ – 3 Better Recession-Proof Purchases

‘Keep Your Money’: Jeff Bezos Just Issued A Financial Warning, Says You Might Want To Rethink Buying ‘A New Car, Refrigerator, Or Something Else’ – 3 Better Recession-Proof Purchases Jeff Bezos, founder and CEO of Amazon, is sounding the alarm. In an interview with CNN, Bezos said the economy “doesn’t look good right now.” “Things … Read more

Ukrainians are facing a cold, dark winter that will test their resilience

People warm by fires outside the main railway station in Lviv, Ukraine. Dan Kitwood | Getty Images News | Getty Images More than 10 million Ukrainians have fled the country since the start of the war, but many of those who remain – particularly in the south and east of the country – have already … Read more

$353 million in tax credits provided for Chesterfield “downtown” projects

CHESTERFIELD – A plan to create a “downtown” Chesterfield cleared its first major hurdle Monday when a special committee recommended receiving $353 million in tax incentives. The committee voted 9-3 to recommend that the City Council be given a tax incentive for two projects poised to create thousands of new apartments, restaurants and offices in … Read more

SMART-TD votes on labor deal as bars near national strike

An aerial view of freight containers and freight rail trains at the BNSF Los Angeles Intermodal Facility’s rail yard in Los Angeles, California, September 15, 2022. Bing Guan | Reuters SMART-TD, one of the largest railroad workers’ unions, voted out an agreement in principle with the railroad management, raising the possibility of a strike in … Read more

Younger Chinese are rejecting the factory jobs that underpin the economy

SHENZHEN (Reuters) – Growing up in a Chinese village, Julian Zhou only saw his father a few times a year when he returned for a break from his grueling job at a textile factory in the southern province of Guangdong. For his father’s generation, working in factories was a lifeline out of rural poverty. For … Read more

Thatcher and Lawson had a strategy – where is Hunt and Sunak’s strategy? | Larry Elliott

FFor good or bad, the modern British economy was shaped in the 1980s. The unregulated labor market, city dominance, north-south divide, privatized public utilities, high levels of personal debt, chronic trade deficits and the major role played by the housing market all inherited the decade when Margaret Thatcher He was prime minister. Perhaps it was … Read more