JPMorgan’s Marko Kolanovic is bracing for a 20% sell-off to hit the S&P 500. According to the Institutional Investor hall-of-famer, high interest rates are creating a breaking point for stocks — and choosing cash at a 5.5% return in money market and short-term Treasurys is a key protection strategy right now. “I’m not sure how … Read more
HARARE, Zimbabwe — The death toll from a shaft collapse at a disused gold mine in Zimbabwe was expected to rise to 13, the vice president said, according to state media. State-run newspaper The Sunday Mail quoted Vice President Constantino Chiwenga as saying “we believe we have lost about 13” in the mine disaster, which … Read more
Westend61 | Westend61 | Getty Pictures Specialists have been pointing to a coming downturn for the U.S. economic system. The query was when. Now, nonetheless, some companies and specialists are strolling again these predictions, calling into query the validity of a once-trusted recession indicator referred to as the yield curve inversion. “Whereas it’s true that … Read more
Francis Ndege isn’t certain if his prospects in Africa’s largest slum can afford to maintain shopping for rice from him. Costs for rice grown in Kenya soared some time in the past due to larger fertilizer costs and a yearslong drought within the Horn of Africa that has decreased manufacturing. Low-cost rice imported from India … Read more
PAVLIVKA, Ukraine — The summer time winds carried the odor of burned grain throughout the southern Ukrainian steppe and away from the shards of three Russian cruise missiles that struck the unassuming metallic hangars. The agricultural firm Ivushka utilized for accreditation to export grain this 12 months, however the strike in mid-July destroyed a big … Read more
ATTARAT, Jordan — Jordan’s Attarat energy plant was envisioned as a landmark undertaking promising to supply the desert kingdom with a significant supply of vitality whereas solidifying its relations with China. However weeks after its official opening, the location, a sea of black, crumbly rock within the barren desert south of Jordan’s capital, is as … Read more
CHUAO, Venezuela — Lengthy earlier than dawn, dozens of individuals collect round greater than 50 boats alongside this portion of Venezuela’s huge Caribbean coast, their tanned our bodies displaying scars and maimed palms from years of fishing. Most of them are males, however girls are more and more amongst them. The ladies could also be … Read more
CAIRO — Saudi Arabia is internet hosting its largest Hajj pilgrimage in three years, beginning Monday. However for a lot of pilgrims, and for a lot of others who couldn’t make it, world inflation and financial crises made it extra of a pressure to hold out Islam’s non secular journey of a lifetime. Mohammed, a … Read more
Sri Lanka’s Central Financial institution has diminished its rates of interest for the primary time because the island nation declared chapter final 12 months ByKRISHAN FRANCIS Related Press FILE- Road hawkers open up their enterprise for the day at a market place in Colombo, Sri Lanka, Nov. 14, 2022. The Central Financial institution of Sri … Read more
China’s pandemic-battered economic system is beginning to see shoppers open their wallets wider, based on KraneShares’ Brendan Ahern. “We’re seeing the incremental rebound from the Chinese language client,” the agency’s chief funding officer instructed “ETF Edge” this week. “[But] it isn’t like turning on a lightweight swap.” The Nationwide Bureau of Statistics of China studies … Read more