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Markets Insider (January 17)

2024/ 01/ 19 by jd in Global News

“The US and European Union are seeing large stockpiles of solar panels after soaring manufacturing capacity fueled a substantial oversupply.” At year end, “an estimated 45 gigawatts of modules in the US and 90 gigawatts in the EU had piled up, nearly twice the forecast installations for 2024.” The glut is leading to “even lower prices” and “fierce competition between manufacturers,” with “less efficient manufacturers… bound to lose out, as overcapacity and low module prices add to financial challenges.”

 

New York Times (October 27)

2022/ 10/ 28 by jd in Global News

“Because of soaring deforestation rates under President Jair Bolsonaro, the Amazon ecosystem is on the brink of catastrophe.” For Brazilians, “this will be a painful election between two deeply flawed candidates. But for the future of human life on this planet, there is only one right choice.” Luiz Inácio Lula da Silva “promises to stop the destruction.”

 

Business Insider (September 9)

2022/ 09/ 10 by jd in Global News

“For the first time in decades, the western world is preparing for widespread and rolling energy shortages. The US, UK, and EU have all been squeezed by Russia’s invasion of Ukraine, soaring costs for electricity and fuel, and record-breaking heat waves. While fall is just around the corner, the worst of the energy strain is likely still to come.”

 

Bangkok Post (September 2)

2022/ 09/ 03 by jd in Global News

“Many developing countries are teetering on the edge of a debt crisis, with the Covid-19 pandemic, soaring food and energy costs, and the monetary tightening of major economies all threatening to push them over.” Lebanon, Sri Lanka and some other countries have already teetered. “As of the end of March, 38 of 69 low-income countries were either already in or at high risk of debt distress. Middle-income developing countries’ debt-service burden is at its highest level in 30 years.”

 

CNN (July 26)

2022/ 07/ 27 by jd in Global News

Is the U.S. “heading for a recession” or “already in one”? Since “it already feels like a recession, such fine distinctions may not matter. “Soaring prices… make it tougher to pay for everyday expenses and monthly bills. The stock market has tanked this year. Home sales have started to slip. Consumer confidence is low.” One mid-July poll found that 65% of US voters already “think we’re in a recession.”

 

New York Times (May 11)

2022/ 05/ 13 by jd in Global News

The weak yen, coupled with soaring food and energy costs, “are posing yet another challenge for the world’s third-largest economy as Japan trails other major nations in emerging from the economic blow of the pandemic. The rise in prices has spooked Japanese consumers used to decades of stability, and the weak yen is starting to look as if it will depress demand at home more than stimulate it abroad.”

 

Investment Week (March 28)

2022/ 03/ 30 by jd in Global News

Global dealmaking has dropped “to its lowest level since the start of the Covid-19 pandemic…. Just over $1trn of deals were struck in the first quarter of 2022, nearly a quarter less than the same period last year.” Primary factors behind slowing M&A activity appear to be “tougher regulations on both sides of the Atlantic, soaring inflation and Russia’s invasion of Ukraine.”

 

Star Tribune (February 21)

2022/ 02/ 23 by jd in Global News

Hit by higher costs for barley, a can shortage and soaring shipping costs, “even the world’s largest beer manufacturers are passing on their higher costs to consumers.” Up to now, “consumers have taken it in stride. Just as higher grocery bills are offset by dining out less, a bigger tab at liquor stores is being absorbed by a lack of travel and entertainment expenses.” Even so, there are worries we may be reaching a turning point where consumption will fall.

 

New York Times (April 28)

2021/ 04/ 29 by jd in Global News

“California is awash in cash, thanks to a booming market. In a single year, the state’s financial outlook has gone from surplus to deficit to surplus as capital gains tax collections have risen amid a soaring stock market and I.P.O. boom.” At the worst, the state “anticipated a $54 billion shortfall,” but it now expects a $15 billion surplus in the fiscal year that starts July 1.

 

The Independent (August 7)

2019/ 08/ 09 by jd in Global News

“Soaring temperatures in Japan have killed at least 57 people since late July… highlighting the health threat to athletes and fans that Olympics organisers must tackle before next year’s Tokyo games.”

 

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