Washington Post (August 21)
“A looming rail work stoppage in Canada is worrying U.S. businesses and threatening deliveries of cars, timber, petroleum products, grains and other crucial supplies.” A strike would likely prevent “more than 2,500 railcars from crossing the border each day.” Estimates suggest one day of stoppage will “require three to five days for the railroads to recover” so the “consequences of a Canadian rail strike could be far-reaching.”
Tags: Businesses, Canada, Cars, Consequences, Deliveries, Grains, Looming, Petroleum, Railcars, Railroads, Recover, Strike, Timber, U.S., Work stoppage
Financial Times (September 28)
“Another tediously pointless, economically debilitating and teeth-gratingly stupid US government shutdown is looming. Goldman Sachs now reckons that there is now a 90 per cent chance it starts this Sunday.”
Tags: 90%, Debilitating, Goldman Sachs, Government, Looming, Pointless, Shutdown, Stupid, Sunday, U.S.
Forbes (April 5)
“Deutsche Bank on Tuesday became the first major bank on Wall Street to forecast a recession next year, albeit a ‘moderate’ one, thanks to the combination of surging inflation and rising interest rates.” Expectations are increasing for “a possible economic downturn on the horizon, with alarms growing louder after the widely-observed yield curve inverted last week and indicated a looming recession.”
Tags: Deutsche Bank, Economic downturn, Expectations, Forecast, Interest rates, Looming, Recession, Surging inflation, Wall Street, Yield curve
The Economist (February 19)
“With the candour that has wrong-footed Mr Putin, many Western security officials accused him of lying, redoubling their warnings of a looming Russian invasion. Even if the troops pull back, this crisis is not yet over. And, whatever happens, war or no war, Mr Putin has damaged his country by engineering it.”
Tags: Crisis, Looming, Lying, Putin, Russian invasion, Security officials, Troops, Ukraine, War, Warnings, Wrong-footed
Investment Week (October 20)
“The UK’s credit rating has been downgraded by Moody’s amid a looming economic hit from the coronavirus pandemic and the forthcoming Brexit deadline.” The UK’s sovereign debt status dropped “one notch to Aa3, from Aa2,” with the ratings agency “noting that Britain’s growth has been meaningfully weaker than expected and is likely to remain so in the future.”
Tags: Aa3, Brexit, Coronavirus, Credit rating, Deadline, Debt, Downgraded, Economic hit, Looming, Moody's, Pandemic, Sovereign, UK
The Times (January 21)
“While China and Japan are facing increasingly acute problems of ageing societies, it is actually Europe that is grappling with a looming ‘demographic bomb.’”
Tags: Acute problems, Ageing societies, China, Demographic bomb, Europe, Japan, Looming
Forbes (November 16)
“The looming prospect of no-deal Brexit is already spooking markets. Sterling tanked today, and the cost of CDS protection on U.K. government debt rose. Shares in Britain’s state-owned bank RBS fell by 9%.”
Tags: Brexit, CDS protection, Debt, Gilts, Looming, Markets, No-deal, Prospect, RBS, Shares, Spooking, Sterling, Tanked, U.K., UK
Chicago Tribune (February 7)
A shadow is hanging over the Olympiad, which “is set against the looming menace posed by one of the world’s most dangerous regimes — North Korea. Whether Pyongyang and the U.S. continue to trade threats of nuclear destruction is a challenge for politicians, diplomats and military strategists.”
Tags: Dangerous, Looming, Menace, North Korea, Nuclear destruction, Olympiad, Regime, Shadow, Threats, U.S.
South China Morning Post (June 27)
“Thanks to Brexit, a new global financial crash is looming. More vulnerable economies risk slipping back into recession and deflation will continue to get the upper hand.”
Tags: Brexit, Deflation, Financial crash, Looming, Recession, Risk, Vulnerable
