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Stories Tagged as

Global economy

Global food prices reach all-time high

by Stephanie Hughes
Apr 8, 2022
The United Nations’ index of global food prices rose 12.6% in March, increasing the risk of hunger in the developing world.
In Egypt, the government subsidized bread so much that it costs consumers less than the value of the grain it's made with, leading to waste.
Khaled Desouki/AFP via Getty Images
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Could the U.S. have weakened its financial clout by using it to sanction Russia?

by Sabri Ben-Achour
Apr 4, 2022
Probably not, but Russia and China are likely to keep looking for ways to avoid U.S.-controlled financial infrastructure.
The U.S. has a lot of leverage in the global financial system — at least for now.
SSV-Photo/Getty Images
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How Russian sanctions could speed up the corrosion of globalization

by Kai Ryssdal and Andie Corban
Mar 23, 2022
Adam Posen of the Peterson Institute says that could lead to less varied, costlier goods and a more divided and politically uncertain world.
As globalization corrodes, Adam Posen argues, American consumers could see a smaller variety of goods at higher prices.
Justin Sullivan/Getty Images
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Trade deals improve relations with U.S. allies — gradually

by Mitchell Hartman
Mar 23, 2022
A new trade deal with the U.K. will erase Trump-era tariffs on steel and aluminum imported into the U.S., and motorcycles and whiskey exported to the U.K.
Paul Ellis/AFP via Getty Images
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Central Asia suffers collateral economic damage from Russia's war in Ukraine

by Stephen Beard
Mar 22, 2022
These neighbors of Russia played no part in Putin’s invasion, but they are caught in the economic crossfire triggered by sanctions.
Kazakhstan's president, Kassym-Jomart Tokayev, left, meets with Russian President Vladimir Putin in February. The value of Kazakhstan's currency has fallen since Russia's invasion of Ukraine.
Mikhail Klimentyev/Sputnik/AFP via Getty Images
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COVID-19

After 2 years in the pandemic economy, businesses still face uncertainty

by Sean McHenry
Mar 7, 2022
But it's not necessarily the pandemic that's driving it. Three businesses on three continents share what they're seeing.
Small businesses have been through a lot of stress and uncertainty in the last two years, and the war in Ukraine is creating new challenges.
Sascha Schuermann/Getty Images
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Higher prices, more risk: How Russia's war on Ukraine is likely to affect the global economy

by Mitchell Hartman
Feb 24, 2022
The invasion has introduced a lot of unknowns for global trade, financial markets and national economies. It's also a blow to the pandemic recovery.
People carrying bags walk on a street in Ubla, Slovakia, after crossing the Slovak-Ukrainian border on Feb. 24. Russia began a large-scale attack on Ukraine overnight, with explosions reported in several cities and outside the regions held by Russian-backed rebels.
Zuzana Gogova/Getty Images
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IMF downgrades global economic growth in its latest report

by Kai Ryssdal and Sean McHenry
Jan 25, 2022
The IMF's Gita Gopinath talks about the challenges facing the global economy as the world enters its third year of the COVID-19 pandemic.
"The global economy did rebound quite strongly in 2021," says the IMF's Gita Gopinath. "The problem is that countries have recovered at very divergent paces." Above, Gopinath at a 2021 interview.
Pedro Ugarte/AFP via Getty Images
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Forecasting the biggest challenges facing companies in 2022

by David Brancaccio and Rose Conlon
Jan 5, 2022
Corporations will have to navigate an increasingly polarized world — and economy.
Corporations will have to navigate an increasingly polarized world — and economy.
Chris Hondros/Getty Images
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Brexit

Has Brexit boosted London’s financial center?

by Stephen Beard
Sep 22, 2021
British financial services exports to the EU rose in the first few months after the U.K. left the bloc.
The City of London financial district. Data from the first quarter after Brexit took effect shows a small increase in the U.K.'s financial exports to the European Union.
Justin Tallis/AFP via Getty Images
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