Capital mobility has sucked money out of the global South and into financial vortexes such as Wall Street and the City of London.
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Economics
CNBC: Europe’s fear gauge just hit its highest level since May 2020
The difference in Italian and German bond yields is seen as a measure of stress in European markets and is closely watched by investors. The spread widened Monday to levels not seen since May 2020, […]
Economics
Market Watch: Why India is the big winner as EU’s Russia oil ban redraws energy trade map
India buys oil cheaply from Russia & then sells it expensively as a refined product to Europe Read Here Photo: Indian oil refinery Kendash1987 licensed under the Creative Commons Attribution-Share Alike 4.0 International
Climate Crisis
Transport & Environment – True cost of Big Oil’s profits: Trillions in unpaid health and environmental costs
BP, Eni, Repsol, Shell, and TotalEnergies have paid back just 5% of the €13 trillion in societal and environmental debt. Read Here
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