???????????? #Brent has topped $120/bbl this morning. Converted in €, on a monthly average basis, Brent is on track to hit a record high in May. pic.twitter.com/1VXYzT52f0— Christophe Barraud???????? (@C_Barraud) May 30, 2022 … [Read more...] about Brent is on track to hit a record high in May
Briefing
Middle East container ports are the most efficient in the world
World Bank and S&P Global Market Intelligence container port performance index shows ports in the Middle East and East Asia responded best to the heavy volume growth and service volatility caused by impacts of the global pandemic NEW YORK, May 25, 2022 - Ports in the Middle East took four of the top five spots in the second edition of the global Container Port Performance … [Read more...] about Middle East container ports are the most efficient in the world
Deloitte research reveals inaction on climate change could cost the world’s economy US$178 trillion by 2070
By contrast, the global economy could gain US$43 trillion over the next five decades by rapidly accelerating the transition to net-zero Key highlights: Deloitte's Global Turning Point Report finds that unchecked climate change could cost the global economy US$178 trillion over the next 50 years, unless global leaders unite in a systemic net-zero transition The … [Read more...] about Deloitte research reveals inaction on climate change could cost the world’s economy US$178 trillion by 2070
Russia on the edge of default
The US Treasury is expected to tighten sanctions this week on Russia, threatening about $1 billion owed to bondholders this year and putting the country on the edge of default https://t.co/pUy42zzrx2— Bloomberg (@business) May 23, 2022 … [Read more...] about Russia on the edge of default
Russia’s economy is imploding
Russia's economy is imploding. We forecast a GDP collapse of -30% by end-2022. Russia has stopped publishing data, but our tracking of exports from 20 countries to Russia give a clue. Those exports are down over -50% in April 2022 from a year ago (blue). With @JonathanPingle pic.twitter.com/4intbaNc0O— Robin Brooks (@RobinBrooksIIF) May 22, 2022 … [Read more...] about Russia’s economy is imploding