There are thousands of ships in the global oil tanker fleet, by some estimates nearly as many as 9000 (and that excludes sanctions vessels). Just a fraction of these are either waiting to enter the […]
Germany has become the new big spender in the worldwide arms build-up, reveals think-tank data. But the billions diverted into weapons programmes are damaging an economy in need of education investment. Read Article HERE This […]
Volkswagen will cut 50,000 jobs in Germany by 2030, following a sharp decline in profits and mounting pressure from US tariffs, weaker demand in China and North America, and higher costs associated with electrification. Read […]
New orders in manufacturing January 2026 (in real terms, provisional): -11.1% on the previous month (seasonally and calendar adjusted) +3.7% on the same month a year earlier (calendar adjusted) Read Article HERE
Production in industry January 2026 (in real terms, provisional): -0.5% on the previous month (seasonally and calendar adjusted) -1.2% on the same month a year earlier (calendar adjusted) Read Article HERE
Iraq, Kuwait and the United Arab Emirates, three big OPEC producers, have cut oil output as they run out of storage space. They are unable to export through the Strait of Hormuz due to Iranian […]
The Chinese economy is the envy of the West Michael Roberts is an Economist in the City of London and a prolific blogger. Cross-posted from Michael Roberts’ blog Photo: Screen Grab The Chinese government is just […]
Germany is in the midst of an industrial job loss wave worse than the one during COVID. The Right blames the green transition, and parts of the Left blame the Ukraine war. But the real […]
The latest war-driven global price panic is not an aberration but a constant state of being in the contemporary global economic. It is all so unstable that unless we take a new course, it will […]
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