Russia’s oil and gas revenues have already fallen by 10% — and that may be just the beginning. Oil prices are sliding amid fears of a global economic slowdown triggered …
Economics
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Economics
The Great Barrier Tariff: How Trump’s tariffs hit the global economy — and the U.S. itself
by Anna CooperFollowing President Trump’s announcement of a “liberation day” from what he termed the “unjust exploitation” of America by its friends and partners, the global economy — and the U.S. most …
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Economics
A pre-crisis atmosphere: Four Russian economic sectors set to buckle first under high interest rates and falling demand
by Anna CooperThe boost from defense spending is no longer enough to prop up Russian industry. Economists are observing stagnation in the country’s overall economy, while non-military sectors are actively shrinking. Soon, …
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Economics
Reserve bubble: Why adding cryptocurrencies to strategic holdings could undermine the U.S. economy
by Anna CooperThe United States is preparing to create a strategic reserve of Bitcoin and other cryptocurrencies — a move that fulfills a campaign promise made by then-candidate Donald Trump. Now that …
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Economics
Reverse thrust: How Russia’s new aircraft developers drag their feet and cover up their failures
by Anna CooperThe Russian Sukhoi Superjet 100 has completed its first flight with domestically produced PD-8 engines. Officials and industry executives insist that the hardest part is over and that airlines will …
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Economics
Electric dreams, political nightmares: Tesla is losing the market because of Elon Musk
by Anna CooperTesla’s sales in Europe fell by half in January and February, while demand for other electric vehicles rose by more than a quarter, according to the industry association Acea. Once …
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Economics
Wealthy but not healthy: Why U.S. healthcare is so expensive and ineffective, and what Trump will (not) do to change it
by Anna CooperThe United States spends more on healthcare than any other G7 country, according to a March study by the Our World in Data project. Yet among G7 nations, the U.S. …
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Despite rumors to the contrary, Russia’s Central Bank is not planning to freeze citizens’ deposits, says its head, Elvira Nabiullina. However, such reassurances only deepen public anxiety — if the …
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Economics
Making a killing: The foreign companies that gained the most by staying in Russia after the invasion of Ukraine
by Anna CooperForeign companies that left Russia after the start of its full-scale invasion of Ukraine are now cautiously discussing a possible return. However, some never left. More than 11,000 Western-owned companies …
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Donald Trump’s approval rating has declined slightly following his first month in office. Many Americans now worry that the president’s actions could harm the economy — suggesting that perhaps they …