COVID-19 made hunger a critical concern as millions of Americans lost their jobs, families were homebound and supply chains disrupted. Now inflation and war are making it worse. Ensuring that people had enough food to feed their families wasn’t a partisan issue during the pandemic, when Congress approved relief measures to boost aid. And it
LONDON – Russia’s invasion of Ukraine has reconfigured the global oil market, with African suppliers stepping in to meet European demand and Moscow, stung by Western sanctions, increasingly tapping risky ship-to-ship transfers to get its crude to Asia. The reroutings mark the biggest supply-side shakeup of the global oil trade since the U.S. shale revolution
Russia is advancing a new law that will allow it to take control of local businesses operated by western companies leaving in the wake of Moscow’s invasion of Ukraine, raising the stakes for multinationals trying to exit. The law, which could be in place within weeks, will give Russia sweeping powers to intervene where there
BEIJING – China’s slowing economy will struggle to stage the kind of stunning recovery it achieved from the early depths of the pandemic two years ago, as its formidable export machine is teetering and options to revive investment and consumption are dwindling. Analysts and policy insiders say that means China’s leaders may have to quietly
WASHINGTON – President Joe Biden enjoyed high approval among Americans in the early months of his presidency. Millions of vaccines were distributed throughout the United States. The White House trumpeted high job growth as proof of a rebounding economy. But privately, Biden’s lead pollster was already sounding the alarm that even with the early successes,
Last month, 13 copper-industry representatives at the London Metal Exchange (LME) were asked whether Russian metal should be blocked from its warehouses. Ten of them said “yes.” But when advisory groups for nickel and aluminum discussed the same question, the general consensus was “no.” The LME, which is the ultimate decision-maker, says it won’t take
PICTURE GALLERY (CLICK TO ENLARGE). NEW YORK CITY– At last months COP26 climate top, numerous banks declared that they would put trillions of dollars to work to finance services to environment change.Yet a major barrier stands in the way: The worlds financial system actually restrains the flow of financing to establishing nations, creating a monetary
