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Category: Economy

    Economy
    61% of Brits Think Brexit Hurt the Economy

    61% of Brits Think Brexit Hurt the Economy

    A recent poll for The Independent revealed that nearly two-thirds of the British population, or around 61% of voters, believe that Brexit has negatively impacted the UK economy. The survey, which Savanta conducted, showed that

    Economy
    JP Morgan’s Prediction: Pound Euro Rate Could Drop To 1.06

    JP Morgan’s Prediction: Pound Euro Rate Could Drop To 1.06

    While the decrease in gas prices may provide some backing for the UK economy, the bank predicts that the UK will not perform as well as other countries globally, particularly due to the strong influence

    Economy
    Oil Prices Rise on Threat of Russian Supply Cuts

    Oil Prices Rise on Threat of Russian Supply Cuts

    On Monday, oil prices saw an upward trend following their initial dip as investors considered the potential impact of Russia's crude production cutback and short-term demand in light of America's impending inflation data. Brent oil

    Economy
    The Luxury Sector Looks Like It’s Starting to Rebound with China’s Reopening

    The Luxury Sector Looks Like It’s Starting to Rebound with China’s Reopening

    The luxury sector experienced record sales and profits despite slowing global growth over the past year, signaling an improvement in the industry’s broader performance. As restrictions due to the pandemic continue to ease around the

    Economy
    Is American Mercantilism Rising?

    Is American Mercantilism Rising?

    Deglobalization is a significant new phenomenon that has been developing subtly since the beginning of COVID-19 and has received a lot of attention recently. But, even though this wave has only recently begun to take

    Economy
    Earthquake In Turkey Will Wipe 1% Of Growth According To Bloomberg

    Earthquake In Turkey Will Wipe 1% Of Growth According To Bloomberg

    The human toll of the two earthquake in Turkey is heartbreaking, and its potential economic consequences are beginning to reveal themselves. Early estimates suggest this disaster will be immense, with a lasting effect on Turkish

    Economy
    Despite Avoiding Recession, UK Economy Is Sending Mixed Signals

    Despite Avoiding Recession, UK Economy Is Sending Mixed Signals

    The most recent economic figures created a complex portrait of the British economy, where inflation lowered while a recession was narrowly avoided - through trade and businesses remain troubled. After news that the UK just

    Economy
    Earthquake in Türkiye Could Affect Global Oil and Gas Supply

    Earthquake in Türkiye Could Affect Global Oil and Gas Supply

    The tragic earthquake that struck Turkiye and Syria on February 6th was one of the most devastating events in their history, claiming over 37,000 lives and injuring many more. Despite its immense sadness, it is

    Economy
    The News that Russia Will Reduce Oil Production Caused an Increase in Crude Oil Prices

    The News that Russia Will Reduce Oil Production Caused an Increase in Crude Oil Prices

    On Monday, oil prices rose following Russia's proposed cuts to their crude production and investors' worries about short-term demand. Brent futures spiked 22 cents (0.3%) up to $86.61 a barrel, while U.S crude gained 42

    Economy
    Markets Have Reasons To Be Optimistic About The Economy, According To The IMF

    Markets Have Reasons To Be Optimistic About The Economy, According To The IMF

    On Monday, the Director of IMF, Kristalina Georgieva, reassured financial markets that they have good reason to be confident. She suggested that this is due to the US economy likely averting recession and China’s re-entry