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News & Articles By Mary Villareal
04/15/2022
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By Mary Villareal
EU looking at embargo on Russian oil products, potentially causing another supply chain catastrophe
European officials are now drafting plans for an embargo on Russian oil products, the most contested measure yet in punishing Russia for its invasion of Ukraine. After banning Russian coal – a move that sent coal prices around the globe at all-time highs – the European Union (E.U.) is now likely to adopt a similar […]
04/08/2022
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By Mary Villareal
Poor countries feel the brunt of surging prices as governments crank up handouts to help cover the costs
The surge in food and fuel prices has pressured governments to pick up the tab for their citizens, effectively stretching public finances and intensifying political instability in fragile economies. Government handouts have kept fuel and food price protests in check, but it may prove too much to bear for poorer countries. Protests have broken out […]
03/31/2022
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By Mary Villareal
THANKS, BIDEN: Small businesses struggle as highest inflation in decades wrecks US economy
Small business owners are getting increasingly worried about the impact of inflation, with the majority raising prices to offset their financial burdens. A recent survey from the Chamber of Commerce and MetLife found that 85 percent of small business owners are concerned about the effects of the highest inflation to hit the United States in four […]
03/31/2022
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By Mary Villareal
Shanghai covid lockdown to exacerbate supply chain crisis, making shipping containers nearly impossible to source
The recently announced two-phase lockdown in Shanghai could have a worse impact than the initial Wuhan coronavirus (COVID-19) lockdowns in 2020, especially on the supply chain. The Chinese government implemented the latest COVID measures when the initial two weeks of targeted, temporary lockdowns failed to contain the new outbreak. First phase of the lockdown applies to the […]
03/30/2022
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By Mary Villareal
The REAL price of fuel: Reports of deaths and violence plague Sri Lanka as people queue to buy expensive fuel
The Russian invasion of Ukraine has increased protests in Sri Lanka as the country falls into its worst economic crisis since its independence in 1948. The fuel crisis in Sri Lanka has led to at least three deaths due to the long hours of waiting that proved too much for people. Numerous others have also […]
03/24/2022
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By Mary Villareal
Maryland and Georgia suspend gas taxes, other states to follow in effort to hide Biden’s inflation
Maryland and Georgia have halted their collection of gas taxes in an effort to hide the effects of Biden’s inflation from the American people. In Maryland, the emergency bipartisan legislation signed by Governor Larry Hogan will suspend the gas tax for 30 days and will save the residents 36.1 cents per gallon for diesel. Hogan said […]
03/16/2022
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By Mary Villareal
Record gas prices are pushing up everyday costs, could lead to recession
Americans are in shock with the surging prices at gas stations across the country. The global energy costs are now rippling through the economy following Russia’s invasion of Ukraine, and the surges appear to be making inflation problems even worse. John Migliorini, vice president of Lakeville Trucking in Rochester, New York, said that customers may […]
03/14/2022
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By Mary Villareal
Russia likely to default on sovereign debt payments
Russia got another slash in its credit rating on March 8 as Fitch Ratings warned that Moscow is likely to default on its sovereign debt payments. Less than a week after Fitch downgraded Russia to junk status and put Moscow on the “rating watch negative” following its invasion of Ukraine, the agency cut the rating […]
03/11/2022
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By Mary Villareal
McDonald’s pulls out of Russia, causes frenzy among population trying to get their last fast food fix
Fast-food giant McDonald’s recently announced store closures in Russia following the country’s invasion of Ukraine, causing a buying frenzy from hungry customers. One McDonald’s lover went viral for filling their fridge full of burgers. Many others have started selling Big Macs online for as high as £250 ($325.96) after McDonald’s announced that it is closing its 850 […]
03/01/2022
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By Mary Villareal
Financial pressures rise worldwide as governments witness the unfolding of the Russia-Ukraine crisis
Benchmarks rose in early trading in Tokyo and Shanghai as global investors began eyeing talks aimed at ending the Russian assault on Ukraine. The surging oil prices and increasing financial pressure from the U.S. and its allies on Russia for its invasion of Ukraine, are now adding to uncertainty about the global economic outlook. Russia, […]
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