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Asia’s Coconut Oil Crunch Turns a Kitchen Staple into a Global Pressure Point 08/20/2025

Banks and markets push back as global crypto rules risk shutting lenders out 08/20/2025

Tesla may refuse producing new Model Y L in the U.S. 08/22/2025

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Economics

India restricts wheat exports due to food security threats

India has imposed restrictions on wheat exports. The country was expected to be able to replace grain supplies from Ukraine, which fell amid the conflict, but its own food security was threatened. The Indian authorities have imposed a ban on wheat export. Exceptions will be made only for countries...

Bitcoin Likely To Witness Record Losing Streak As Crypto Market Severely Impacted By 'Stablecoin' Collapse

Cryptocurrencies suffered significant losses on Friday, with bitcoin trading at $30,000 and on track for a record losing streak due to the collapse of TerraUSD, a so-called stablecoin. Concerns about high inflation and rising interest rates have prompted widespread dumping of hazardous...

Economists warn of global recession risk from COVID-19 in China and war in Ukraine

The world economy is threatened by a recession, experts from the international Institute of International Finance have warned. They also sharply lowered its growth forecast. Among the reasons are the situation around Ukraine and consequences of the COVID-19 outbreaks in China. Economists of the...

Bank of Mexico raises key rate by 50 points

According to a statement on the Bank of Mexico's website, the Governing Council hiked the key rate for the third time in 2022, by 50 basis points to 7%. "From 13 May 2022, the Bank of Mexico's Governing Council has decided to raise its target overnight interbank interest rate by 50 basis points to...

IEA Now Believes The World Will Tide Over Lost Russian Oil Supply

Even with lower output from sanctions-hit Russia, the world will not run out of oil, the International Energy Agency (IEA) declared on Thursday, in a U-turn from its March prediction of a probable "global supply shock." After warning on March 16 that 3 million barrels per day (bpd) could...

Crypto Crisis Worsens As Tether, A Stablecoin, Falls Below The Dollar's Peg

On Thursday, the collapse of TerraUSD, one of the world's largest stablecoins, sent shockwaves across cryptocurrency markets, plunging Tether below its dollar peg and driving bitcoin to 16-month lows. Cryptocurrencies have been swept up in a sell-off in higher-risk assets that has gained...

UK GDP up 8.7% in first quarter

UK GDP in the first quarter of 2022, according to preliminary estimates, grew by 8.7% year-on-year and by 0.8% quarter-on-quarter, according to the country's national statistics office. Analysts surveyed by DailyFX believed that the figure grew by 9% in annual terms and by 1% in quarterly terms....

Germany Develops Crisis Plan To Manage Sudden End To Russian Gas – Reuters

According to a report published by the news agency Reuters based on source information, German officials are secretly developing an emergency package for any sudden halt in Russian gas supply, which could involve taking control of crucial enterprises. The Ministry of Economic Affairs'...

Ukraine Crisis Shuts Russian Gas Route To Europe, Supply Drop By A Quarter

For the first time, shipments of Russian oil and gas via Ukraine have been blocked since the start of the Russian invasion of Ukraine. That has resulted in Russian gas flows to Europe via Ukraine decreasing by a quarter on Wednesday after Kyiv stopped the use of a vital transit...

Putin Instructs Experts To Work On Trade Payments With Allies And 'Enemies'

Russian President Vladimir Putin established an international payments working committee, tasked with determining terms for transactions with "unfriendly" countries. Putin warned in March that Russia, the world's largest natural gas producer, would oblige hostile countries to pay for fuel...