Michelin-starred chef Tom Kerridge says the utility bill at his UK pub spiked from £60K to £420K — why Europe’s energy crisis is getting worse and how it hurts the US Aftershocks from the war in...
Tag: Crisis
Bitcoin is Fueling the Climate Crisis: Greenpeace USA
Greenpeace USA – an environmental advocacy group – is calling out Bitcoin for having what it calls an “outdated and efficient” code system. In a tweet on Thursday, the organization doubled down on cl...
Tentative Rail Strike Deal Could Avert New England Winter Energy Crisis
Rail oil tank cars transporting petroleum crude oil pass through Livingston, Montana heading west. … [+] (Photo by William Campbell/Corbis via Getty Images) Corbis via Getty Images The White Hou...
The next financial crisis may already be brewing, but not where many expect
A growing number of traders, academics, and bond-market gurus are worried that the $24 trillion market for U.S. Treasury debt could be headed for a crisis as the Federal Reserve kicks its “quantitativ...
Yen’s 24% Plunge Is Crisis Warning World Can’t Ignore
Japanese Prime Minister Fumio Kishida’s approval rating is down around 40%. RODRIGO REYES MARIN/POOL/AFP via Getty Images The only thing in Tokyo falling more dramatically than the yen is Prime ...
Weekly MacroSlate: Bitcoin facing first global recession as currency collapses, energy crisis becomes reality for Europe
TL;DR Liz Truss became the U.K. Prime Minister on Sept. 6 as the country prepares for a possible recession in Q4. European Central Bank has increased interest rates by 75bps, a record, but they are st...
China’s Evergrande crisis worsens as lender seizes HQ in Hong Kong
A lender has taken possession of Evergrande’s Hong Kong headquarters after the cash-strapped Chinese property developer defaulted on a loan and made two unsuccessful attempts to sell the building. Ea...
Europe’s Energy Crisis Threatens To Decimate Disposal Incomes And Car Sales
Flaming gas burners on household kitchen stove with an exchange graph of the growth in the cost of … [+] natural gas prices getty European disposal income could be trashed by a massive increase ...
Professor of Economics warns ‘Europe is on the brink of another banking crisis’
One of the most consequential ripple effects of the war in Ukraine was the energy crisis that developed and that has had much of Europe in its grip since Russia invaded. The continent’s dependence on...
Analyst Warns US Debt Crisis Is Possible — Rising Treasury Yields, Inflation, Stock Market Rout Could Cause ‘Multiple Black Swans’ – Economics Bitcoin News
Wall Street’s major indexes closed the day in red on Tuesday, alongside cryptocurrencies, and precious metals like gold and silver taking some percentage losses. The leading crypto asset bitcoin dropp...
Key BTC mining pools’ crisis and everything you need to know
Bitcoin [BTC] miners, despite some bullish instances of mining operations, continue to face heavy losses. But things might just have gone from bad to worse. Here, one of the largest Bitcoin mining poo...
Will Europe’s ‘Third World’ Economic Crisis Lead To Global Recession?
Netherlands leadership says Europeans need to get used to being poorer. Bad policy decisions leading … [+] to one crisis after the next as layoffs begin in one of the most important economic reg...
Deutsche Bank says risk of a sterling crisis is rising as Truss becomes PM
A banners of Deutsche Bank is pictured in front of the German share price index, DAX board, at the stock exchange in Frankfurt, Germany, September 30, 2016. Reuters Following the news that Liz Truss w...
Bitcoin Mining Transforming Global Energy Crisis, Says Arcane Research
Arcane Research, a Norway-based digital asset analysis company providing data-driven analysis and bespoke research within the field of cryptocurrency, has published a report examining the relationship...
DeFi Systems Are Better Equipped To Deal With a Crisis Than CeFi
DeFi systems will cope with tremors in the financial landscape much better than CeFi, says Sasha Ivanov, the founder of Waves. The world of decentralized finance (DeFi) exists as an answer to the limi...
Repurposing Bitcoin mining heat can solve global energy crisis: Arcane
The flexibility behind running Bitcoin (BTC) mining operations can be vital to solving the real-world problems that stand in the way of the energy industry, suggests Arcane research. One of the bigges...
Ways Hollywood Can Solve The Climate Crisis
American actor Marlon Brando gestures at a table while American actor Robert Duvall sits behind him … [+] in a still from the film, ‘The Godfather,’ directed by Francis Ford Coppola ...
EU energy crisis worsens as Germany’s Google searches for ‘firewood’ explodes
It seems that there is real cause for concern in Europe as the embargo on Russian gas and oil is causing nasty surprises for the end consumers. Skyrocketing prices of natural gas and electricity has ...
Eurozone hits record inflation of 9.1% amid gas and energy crisis
August marks the ninth consecutive month of rising inflation for the Eurozone at 9.1%. In July, the official inflation numbers landed at 8.9%. The Eurozone consists of 19 countries, including Germany,...
Can Blockchain Curb the Growing Health Crisis?
The world is in a state of medical turmoil. The population is amid an ongoing pandemic, navigating through yet another dangerous disease, global obesity forecasts have reached astronomical highs, and ...
Germany’s Energy Crisis Dispels Several Myths
Germany is undergoing an energy crisis now as severely reduced gas flows from Russia threaten to leave it with a cold, dark winter. Much of its problem is self-inflicted and demonstrates the perils of...
Mississippi governor declares emergency amid Jackson water crisis
An SUV rests in flood waters in this northeast Jackson, Miss., neighborhood, Monday, Aug. 29, 2022. Rogelio V. Solis | AP Residents of Jackson, Mississippi, the state’s capital and largest city,...
The European sovereign debt crisis 2.0
Despite their best efforts, European countries’ governments have so far been unable to curb inflation this year. Russia’s invasion of Ukraine was the spark that finally triggered the crisis that loome...
Europe’s Energy Crisis Won’t Be Over Anytime Soon, Experts Say
A man waves a European Union flag in front of the Romanian Parliament headquarters during a protest … [+] against government and corruption in the front of the Romanian Government headquarters i...
UN says the global food crisis is about affordability, not availability
Food prices remain stubbornly high as Russia’s war in Ukraine drags on, exacerbating existing pressure from supply chain disruptions and climate change. The war has “put a lot of fuel on a...
Putin slashes gas supplies to France as energy crisis deepens
Putin Russia France gas supplies energy crisis EU winter rationing – Mikhail Klimentyev / Sputnik / AFP Putin has slashed gas flows to France, adding to fears of an energy crisis across Europe t...
The Energy Crisis Is Ushering In A New Era Of Growth Stocks
Over the past decade or so, investing in the U.S. stock market has been pretty straightforward: buy the big names in tech, rinse, repeat. The famous quintuplet of Meta Inc. (NASDAQ: FB) (formerly know...
Europe crisis and how it is impacting crypto markets
Just after the intense effect of the COVID-19 pandemic, Europe seems to be headed for another economic crisis owing to rising inflation, the energy crisis, and the increase of debts in some of the mem...
Weekend reads: This may cause the next financial crisis
The Federal Reserve invigorated the economy before and during the coronavirus pandemic by purchasing Treasury bonds. The central bank was the main purchaser of newly issued U.S. debt and created trill...