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News & Articles By Arsenio Toledo
04/05/2022
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By Arsenio Toledo
Russia orders “unfriendly” Western nations to pay for most Russian exports with rubles
Russia is expanding its counterattack against Western sanctions by warning that “unfriendly” states may be forced to pay for most Russian exports with rubles. Late last month, Russian President Vladimir Putin began the process of forcing states that have placed sanctions against Russia – “unfriendly” states – to pay for fuel exports with rubles. Refusal […]
03/23/2022
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By Arsenio Toledo
Los Angeles first major city in the country to reach average gas price of $6 per gallon
Los Angeles on Tuesday, March 22, became the first major city in the United States to have an average gas price of over $6 per gallon. Patrick De Haan, head of petroleum analysis for Boston-based fuel price assessment company GasBuddy, broke the story that Los Angeles was the first big city in America to breach […]
03/23/2022
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By Arsenio Toledo
Production costs in Germany rise by record-breaking 25.9% due to ongoing energy crisis
German producers reported a record-breaking rise in factory gate costs of 25.9 percent year-on-year for February, pushed upward mainly due to the ongoing energy crisis caused by Germany’s green policies and the war in Ukraine. This data is according to the Federal Statistics Office, a German federal authority responsible for collecting statistical information. The office added that […]
03/22/2022
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By Arsenio Toledo
China’s Evergrande indefinitely suspended from trading in Hong Kong Stock Exchange
The Hong Kong Stocks Exchange (HKSE) just suspended trading in shares for Evergrande, China’s largest property developer and one of the world’s most indebted corporations. China Evergrande Group has become quite notorious in recent months due to its financial troubles, which could have debilitating effects on the global economy. (Related: On the brink of economic […]
03/17/2022
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By Arsenio Toledo
World braces for renewed supply chain crisis as COVID outbreaks shut down highly vaccinated China
The supply chain crisis is expected to get worse as the resurgence of Wuhan coronavirus (COVID-19) in highly vaccinated China led to tens of millions being forced into some form of lockdown. News from authoritarian China shows that the communist nation’s zero-tolerance approach to the coronavirus has failed, and around 51 million people are currently under lockdown due […]
03/08/2022
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By Arsenio Toledo
Food crisis incoming: War in Ukraine threatening global food supplies, half a billion people at risk of hunger
The ongoing conflict between Russia and Ukraine is disrupting global food supply chains, and experts have sounded the alarm as the war is threatening the food security of nearly half a billion people who rely on Ukrainian and Russian food exports. Every time a massive war broke out in any part of the world, the end result was […]
03/08/2022
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By Arsenio Toledo
US crude oil surges to 13-year high of $130 a barrel as Russia-Ukraine war escalates
As oil buyers and investors race to replace Russian crude oil, its price has surged to a 13-year high of $130 a barrel. Right around when the Russian invasion of Ukraine began, the price of oil went above $100 a barrel for the first time since 2014. Since then, the price of oil has skyrocketed even […]
03/04/2022
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By Arsenio Toledo
Oil prices surge to multi-year highs as Ukraine conflict causes ripple effect in global oil supplies
Oil prices are climbing to multi-year highs as the ongoing conflict Russia has embroiled itself in is preventing it from exporting a vast supply of crude, causing a ripple effect on global oil supplies. Russia is the second-largest producer of oil in the world. According to 2020 data from the Energy Information Administration, Russia produced over […]
03/02/2022
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By Arsenio Toledo
Major household goods companies raising prices on popular products due to inflation
Many of America’s major household goods manufacturers are raising the prices of their products in response to rapid inflation, disastrous economic policies and ongoing international crises. Colgate-Palmolive, known for its line of personal care products including toothpaste, recently said that it is releasing a line of $10 toothpaste. CEO Noel Wallace said in an industry conference […]
03/01/2022
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By Arsenio Toledo
Ongoing Russia-Ukraine conflict pushing global economy closer to collapse
The ongoing conflict between Russia and Ukraine is causing dire ramifications not just for their economies, but for the world’s as well. The economy of the United States is also getting affected. World stocks are already tumbling, while oil prices are soaring as the Russian invasion of Ukraine continues and most Western nations ramp up […]
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