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October 18, 2021

Crisis

Biden unveils plan to ease supply chain crisis

CBS News
CBS News – For more and to sign up click here Biden unveils plan to ease supply chain crisis – CBS News Watch CBSN Live President Biden vowed to fix the supply chain backlog that has stranded cargo ships loaded with consumer goods. The Port of Los Angeles will now......

China property shares slide as Evergrande crisis reverberates

Reuters
The company logo is seen on the headquarters of China Evergrande Group in Shenzhen, Guangdong province, China September 26, 2021. REUTERS/Aly Song SHANGHAI, Oct 14 (Reuters) – Shares of Chinese real estate firms fell further on Thursday as investors fretted about a debt crisis rippling through developers including China Evergrande......

China to liberalise coal-fired power pricing to tackle energy crisis

Reuters
A chimney of a China Energy coal-fired power plant is pictured in Shenyang, Liaoning province, China September 29, 2021. REUTERS/Tingshu Wang All coal-fired electricity to be traded via market Price reform expected to increase power supply -NDRC official BEIJING, Oct 12 (Reuters) – China will further liberalise pricing for coal-fired......

Tunisia unveils new government but with no sign of end to crisis

Reuters
Prime Minister Najla Bouden Romdhane poses for a picture during her meeting with Tunisia’s President Kais Saied, in Tunis, Tunisia September 29, 2021. Tunisian Presidency/Handout via REUTERS No hint on economic reforms, relinquishing power Critics decry ‘coup’, backers hail blow vs elite Protests have raised fears of political unrest Saied......

Labour on fuel ‘chaos after chaos, crisis after crisis’

BBC
The government must “keep all options on the table” to guarantee fuel supplies in the UK, Labour has said. Shadow business minister Seema Malhotra called for “productive talks” between ministers and business. She also questioned whether the energy supply market was “fit for purpose” BBC – For more and to......

Lebanon suffers 24-hour blackout, food poisoning, business closures amid fuel crisis

CNBC
CNBC – For more and to sign up click here An anti-government demonstrator waves the national flag as they block the street, with burning garbage dumpsters, in front of Lebanon’s central bank in the capital Beirut on March 16, 2021, during a protest against the deteriorating economic situation. JOSEPH EID......

Yellen sees Democratic leaders averting a debt ceiling crisis

Politico
Politico.com – For more and to sign up click here Yellen and President Joe Biden last week met with top executives including from JPMorgan Chase, Intel, Nasdaq, Raytheon, Citi and Deloitte to discuss the “disastrous impact” of the country not paying its bills if the debt ceiling isn’t raised. Host......

Ian Blackford: ‘Nurse’ businesses through energy crisis

BBC
Ian Blackford, the SNP’s Westminster leader, has called on the UK government to “nurse” businesses through the energy crisis. He described the situation facing the UK as a “perfect storm”. Wholesale gas prices have risen 250% since January and there are warnings some industrial sectors may have to shut down......

Lurching From Crisis to Crisis, Congress Is Addicted to Cliffs

New York Times
WASHINGTON — Congress disposed of a looming global economic catastrophe this week by doing what it does best: Not much. After weeks of a market-threatening partisan stare-down, Senate leaders struck a not-so-grand bargain that raised the debt ceiling into early December, just two short months away. If history is any......

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