Tag: sanctions

UK: Grocery Price Inflation Surges to 17%

‘Food prices are second only to energy prices when it comes to the general public’s concern.’ Grocery price inflation has surged again to 17.1 per cent, adding £811 to consumers’ annual bill. GB News Economics and Business Editor @LiamHalligan provides the latest update. pic.twitter.com/bJVgarzVYc —…

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Turkey and Russia Now Developing Visa and Mastercard Alternative

#Moscow and #Ankara are working on an alternative to replace the Russian payment system Mir after the US threatened Türkiye with #sanctions for servicing its cards, Russia’s ambassador there, Aleksey Yerkhov, said on Thursday. https://t.co/RPX39WpOV0 — TNT Radio (@tntradiolive) February 11, 2023 It is extremely…

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UK Suffers “Permanent” Reduction in Living Standards

One in four UK households will be unable to pay their energy and food bills despite the economy narrowly escaping a recession in 2023, a leading think tank predicts https://t.co/mPcSjJDyId — Bloomberg (@business) February 8, 2023 The important thing to remember here is that you…

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US Dollar Status as Reserve Currency in Jeopardy, Doctor Doom Says

My new @FT oped on gradual de-dollarization: A bipolar currency regime will replace the dollar’s exorbitant privilege. The greenback is bound sooner or later to feel the effects of intensifying geopolitical rivalry between the US and China https://t.co/gJoxUf9YjI — Nouriel Roubini (@Nouriel) February 5, 2023…

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Russia Keeps Increasing Oil Exports to China and India

We need to give Russia credit. They’ve won the economic war. The shooting war is whatever – it matters a lot less anyway. But they’re winning that too. RT : Exports of Urals and Kazakhstan Export Blend Crude Oil (KEBCO) brands are expected to surge…

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