Russia's Gazprom cuts off Finland from gas supply amid NATO application

Sweden, Finland applying for NATO membership ‘direct consequence’ of Russia-Ukraine war: Expert France Ambassador for International Investment Pascal Cagni discusses the French economy and energy independence. Russia has cut off Finland's natural gas after the Scandinavian country made clear its desire to join NATO and refusal to pay in Russian currency. Finland's government-owned energy company […]

Thailand Q1 GDP Growth Improves More Than Expected

Thailand’s economic growth accelerated more than expected in the first quarter as the relaxation of Covid-19 travel restrictions underpinned tourism, but the government downgraded its outlook for this year citing risks emanating from the war in Ukraine. Gross domestic product grew 2.2 percent on a yearly basis in the first quarter, the National Economic and […]

First home buyer super plan is election window dressing

The coalition’s plan to allow first home buyers to tap up to $50,000 from their superannuation fund to add to their deposit is unlikely to help many people enter the property market. With restrictions on the scheme and an expected limited uptake, it is neither likely to drive up property prices, nor would it impact […]

What is an ETF and why are people investing in them?

Units in exchange-traded funds (ETFs) are easy to buy and sell as they are listed on sharemarkets, just like shares in listed companies, except they can provide broad-based returns across entire markets instead of just the one company. Many simply track or mirror the returns of a market, whether it is a benchmark sharemarket index, […]

India, second-largest wheat producer, bans exports amid food supply concerns

Fox Business Flash top headlines for May 13 Check out what’s clicking on FoxBusiness.com. India, the second-largest producer of wheat, has banned exports of the commodity, due to a risk to its food security.  A Friday notice in the government gazette signed by Santosh Kumar Sarangi, the Director General of Foreign Trade, said that a […]

Crypto billionaires see their wealth destroyed as rout deepens

It’s been a long few weeks since the crypto crowd was partying in Miami. Coinbase Global founder Brian Armstrong had a personal fortune of $US13.7 billion ($19.7 billion) as recently as November and about $US8 billion at the end of March. That’s now just $US2.2 billion, according to the Bloomberg Billionaires Index, after a selloff […]

German ZEW Economic Confidence Improves In May

Germany’s economic confidence improved in May but remained at a very low level as the economy is expected to continue to deteriorate in the near-term in the face of the war in Ukraine and the coronavirus restrictions in China, survey results from the ZEW – Leibniz Centre for European Economic Research showed on Tuesday. The […]

Morgan Stanley warns ingredients for a global recession are 'on the table'

Inflation is ‘killing’ the consumer: Expert Kaltbaum Capital Management Gary Kaltbaum discusses the markets, Federal Reserve and inflation. With inflation at the highest level in 40 years and the Federal Reserve taking increasingly aggressive action to cool consumer demand and prices, the risk of a global recession is on the rise, according to Morgan Stanley […]

2-Year Recession Threatens US Prosperity

Many economists say the United States faces a recession, due primarily to inflation. However, inflation may last well over a year, and the millions of jobs that are unfilled today could disappear in months, pushing unemployment higher. While inflation may be the primary catalyst of an economic drop, there are other factors. One, which is […]

Germany Industrial Output Declines Most Since April 2020

German industrial production declined the most in nearly two years in March, underscoring the impact of the war in Ukraine as suggested earlier by other economic reports released over this week. Industrial output decreased 3.9 percent month-on-month in March, reversing February’s revised 0.1 percent increase, data from Destatis revealed on Friday. Economists had forecast a […]