Just a few months ago, investors appeared relatively sanguine about the dreaded prospect of stagnant economic activity and rising inflation. Oil prices surging to the brink of $100 per barrel and the specter of higher for longer inflation have renewed concern about stagflation risks, however. “I think that the big bogeyman out there is stagflation, … Read more
Chinese firms are playing an increasingly critical role in supplementing Russia’s struggling economy and boosting its military capabilities, including via the trade of goods for use on the battlefield in Ukraine, new analysis by CNBC shows. Russian customs data filed as recently as August 2023 point to the continued import of drones, helmets, vests and … 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