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Turkey halts oil not subject to Russian sanctions, raising concerns over global energy market supply

Turkey halts oil not subject to Russian sanctions, raising concerns over global energy market supply

Cargo ships and ships pass through the Bosphorus Strait, a body of water connecting the Black Sea to the Sea of ​​Marmara and the Mediterranean Sea via Istanbul, Turkey. Above, the Russian-flagged Volga River Taganrog tanker cruises through the Bosphorus Strait in October 2022. Nurphoto | Nurphoto | Getty Images Tankers full of Kazakh oil …

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Turkey halts oil not subject to Russian sanctions, raising concerns over global energy market supply

Turkey halts oil not subject to Russian sanctions, raising concerns over global energy market supply

Cargo ships and ships pass through the Bosphorus Strait, a body of water connecting the Black Sea to the Sea of ​​Marmara and the Mediterranean Sea via Istanbul, Turkey. Above, the Russian-flagged Volga River Taganrog tanker cruises through the Bosphorus Strait in October 2022. Nurphoto | Nurphoto | Getty Images Tankers full of Kazakh oil …

Turkey halts oil not subject to Russian sanctions, raising concerns over global energy market supply Read More »

Freight rates from China to West Coast drop 90% as global trade plummets

Freight rates from China to West Coast drop 90% as global trade plummets

Logistics managers are sending the message to customers that the ocean freight market is correcting at a faster rate than expected. Transport company HLS recently wrote to its customers: “We initially expected the market to be on the verge of correcting and normalizing sometime in 2023, but this is coming much sooner than expected.” The …

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Europe First: Brussels is preparing to give up its ideals of free trade

Europe First: Brussels is preparing to give up its ideals of free trade

The last great defender of rules-based open commerce — the European Union — is about to fall. It happens in slow motion and the impact will be painful. If the world’s largest trading bloc abandons the concept of free trade, the entire global economy will suffer. But such an outcome looks increasingly likely, as the …

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Europe First: Brussels is preparing to give up its ideals of free trade

Europe First: Brussels is preparing to give up its ideals of free trade

The last great defender of rules-based open commerce — the European Union — is about to fall. It happens in slow motion and the impact will be painful. If the world’s largest trading bloc abandons the concept of free trade, the entire global economy will suffer. But such an outcome looks increasingly likely, as the …

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Currency swap debt is an $80 trillion global regulator, says 'blind spot'

Currency swap debt is an $80 trillion global regulator, says ‘blind spot’

LONDON, Dec 5 (Reuters) – Pension funds and other “non-bank” financial firms hold more than $80 trillion in hidden off-balance sheet dollar debt in foreign exchange swaps, the Bank for International Settlements (BIS) said. ). The BIS, dubbed the central bank of central banks around the world, also said in its latest quarterly report that …

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Factory orders from China down 40% in relentless slump in demand

Factory orders from China down 40% in relentless slump in demand

Aerial view of containers stacked at Qinzhou Port on August 15, 2022 in Qinzhou, China’s Guangxi Zhuang Autonomous Region. China News Service | Getty Images U.S. logistics officials are bracing for delays in the delivery of goods from China in early January due to canceled container ship departures and export transfers by ocean carriers. Carriers …

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Brits start thinking about Brexit again as economy slides into recession

Brits start thinking about Brexit again as economy slides into recession

Anti-Brexit protester Steve Bray (L) and a pro-Brexit protester argue as they demonstrate outside Houses of Parliament in Westminster on January 08, 2019 in London, England. JackTaylor | Getty Images News | Getty Images The UK’s growth prospects are even lower than those of Germany, whose economy is particularly exposed to rising energy prices due …

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