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Reuters (January 8)

2024/ 01/ 08 by jd in Global News

“The world is full of danger. The planet starts 2024 with war in Gaza and Ukraine, superpower rivalry, climate change and slow growth. The possible return of Donald Trump as U.S. president is another risk…. It’s easy to see how the world’s multiple overlapping crises – what some observers have labelled the ‘polycrisis’—could feed on one another, creating a doom loop.” But none of this is inevitable. “There are more optimistic scenarios, and some silver linings in the pessimistic ones.”

 

Reuters (December 23)

2023/ 12/ 24 by jd in Global News

In 2024, “the global trade war will shift from fossil fuels to metals and raw materials. Russia’s invasion of Ukraine highlighted the risk of relying on autocratic states for energy. Even if Europe’s gas crisis eases, Western manufacturers’ focus will switch to reducing China’s dominance in materials key to a cleaner economy.”

 

Reuters (December 8)

2023/ 12/ 09 by jd in Global News

“Since war broke out in Ukraine and the U.S. Federal Reserve began a rapid cycle of raising borrowing costs early last year, it has been exceedingly difficult in most parts of the world for companies to get initial public offerings off the ground. Many are getting ready in case an opportunity arises,” but conditions remain unpromising. So far in 2023, “new listings have raised just $114 billion,” which is “on pace to be the lowest amount since 2008” and marks a “dramatic fall from the $571 billion peak achieved just two years ago.”

 

New York Times (November 1)

2023/ 11/ 03 by jd in Global News

“After shocks from the pandemic and Russia’s invasion of Ukraine, there’s little cushion if the fighting between Hamas and Israel becomes a regional conflict.” An escalation would cloud “the global economy’s outlook, threatening to dampen growth and reignite a rise in energy and food prices.” An escalation would also mark the first time the world has dealt with two simultaneous energy shocks.

 

Guardian (September 21)

2023/ 09/ 24 by jd in Global News

“Europe’s apparent rightwards drift is not a fait accompli. But there is a risk that, as mainstream parties accommodate more and more of the radical right’s agenda, it becomes one. Years of austerity, followed by the pandemic and the Ukraine-related cost of living crisis, have led to chronic economic insecurity for less well-off Europeans. That has created an opening for ugly political movements and populist leaders to exploit.”

 

Washington Post (September 12)

2023/ 09/ 13 by jd in Global News

“After decades of relying on the U.S. security umbrella, many European policymakers are aware that an investment in Ukraine’s security is a down payment on their own. Their efforts are accelerating, but not fast enough to negate the potentially catastrophic fallout of a U.S. withdrawal.”

 

Wall Street Journal (September 6)

2023/ 09/ 07 by jd in Global News

Vladimir Putin’s meeting with North Korea’s Kim Jong Un “underscores the global nature of the threat to U.S. interests.” Indeed, the Japanese Prime Minister’s visit to Kyiv this spring was partly “because America’s allies in Asia understand that Ukraine isn’t a distant squabble. Russia has its own Pacific ambitions, including militarizing the Kuril Islands, some of which Japan also claims. A Russia that prevails in Ukraine will provoke elsewhere. Mr. Putin is also the junior partner to the neighborhood’s No. 1 threat: The Chinese Communist Party.”

 

The Guardian (August 10)

2023/ 08/ 11 by jd in Global News

“China’s attempt to hold together conflicting interests on the war in Ukraine – maintaining its ‘no limits’ partnership with Russia, without damaging its relationship with western nations and its tarnished global brand too greatly – has proved awkward.” Beijing’s gestures “should not be mistaken for a substantive shift in position. But they should not be ignored either.”

 

Financial Times (July 29)

2023/ 07/ 30 by jd in Global News

“Inflation is falling for a number of reasons “beyond the Fed’s control,” like an easing of the worst impacts from “the pandemic and the war in Ukraine.” But the Fed’s rate hikes have effectively “reduced demand for credit.” The results can be seen in mortgage debt and car loans. “Overall, growth in non-revolving credit—the loans you take out just once, like a mortgage—is now just below zero.” There’s one snag on the revolving credit side, where credit growth is still “coming from credit cards.”

 

Time (May 22)

2023/ 05/ 22 by jd in Global News

“Ukraine’s Volodymyr Zelensky was the undisputed star of the G7. But Summit’s focus remained firmly on China…. The bulk of business in Hiroshima was not focused on Vladimir Putin’s war of choice, but some 3,600 miles east of Moscow: Beijing’s growing assertiveness.”

 

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