Latest news and articles about economic consequences from NEX English
Questions arise about who benefits from the escalation of the Ukrainian conflict, with certain parties appearing to stoke tensions for their own interests. Sergey Mirkin delves into this issue in his article for 'Vzglyad'.
California is experiencing significant economic and social challenges due to the repercussions of the Iran war, making it the most affected state in the U.S. These burdens include rising living costs and increased pressure on public resources.
In a strange phenomenon, five residential towers have vanished unexpectedly, raising questions about the reasons behind this mysterious event. The sudden disappearance has left residents and observers puzzled.
Russian oil stations are facing significant difficulties in accepting shipments for the second consecutive week due to ongoing attacks targeting these vital facilities. This situation has affected the flow of Russian oil to global markets, raising concerns among investors and analysts.
Billionaire Gediminas Zimelis warns of the impact of the ongoing war between the US, Israel, and Iran on the global aviation industry. He highlights the decline in demand and operational disruptions faced by airlines.
Concerns are growing within the White House regarding the impact of the ongoing war in Iran on energy prices. Predictions indicate that oil prices could rise to $150 or even $200 per barrel, potentially leading to an economic crisis.
Gabriel Makhlouf, a member of the European Central Bank's board, warns that a prolonged conflict in the Middle East could lead to worse economic outcomes for the Eurozone than previously anticipated. This comes as global economic challenges mount due to geopolitical crises.
The euro is heading towards its worst quarter since 2024 as the ongoing war in the Middle East highlights Europe's reliance on energy imports, threatening the economic outlook in the region.
Financial analyst Jim Cramer reports that rising oil prices linked to the war in Iran continue to exert pressure on financial markets, leading to a significant decline in technology stocks. This situation may persist until the crisis resolves.
The US Senate has urgently acted to secure funding for the Department of Homeland Security following a government shutdown that caused significant disruptions at airports. This decision comes at a critical time as travelers face widespread delays and cancellations.
Dave Ernspberger, head of energy at S&P Global, revealed the significant and delayed impacts of the war in Iran on the global energy market. He noted that actual markets are currently bearing the burden, while futures markets will soon feel the pressure.
India's economic activity saw a significant decline in March, with industrial production dropping to its lowest level in 4.5 years. This downturn is attributed to gas shortages impacting factories due to the ongoing war in Iran.