The Strategist
Markets & Industries

Italy faces threat of rising pasta prices due to wheat shortages - 09/13/2021

Italy is threatened by rising pasta prices due to a drop in durum wheat production. One of the largest pasta producers in the country said that there has never been such a thing in the 110 years of the company's work. Italians may soon face rising pasta prices due to falling durum wheat production, reports Il Sole 24 Ore newspaper.  "Our family has been in this business for 110 years, but...

China will release reserve oil to market because of rising prices - 09/10/2021

China's State Reserve Administration has announced that it will release crude oil from its national reserves to the market to ease the burden on businesses due to rising commodity prices, Xinhua news agency reported Sept. 9. The National Food and Strategic Stocks Administration said that the release, which will be carried out in batches, is mainly aimed at Chinese enterprises that practice the...

Buyers of Chinese goods face delivery problems - 09/09/2021

Small and medium-sized Chinese companies that make goods for export have been forced to cut production because of problems with delivery. This is reported by the South China Morning Post (SCMP). Because of this, both they and their customers are facing problems - businesses in China have to cancel orders to avoid overstocking products. The difficulties with delivery, both by sea and by air, are...

U.S. Department of Energy reports increase in global oil demand - 09/09/2021

Global oil demand in August was 98.4 million bpd, up 5.7 million bpd from August 2020 but 4 million bpd lower than August 2019, according to the U.S. Energy Information Administration's (EIA) monthly short-term forecast from the Department of Energy. "We estimate that the world consumed 98.4 million bpd of oil and liquid hydrocarbons in August, 5.7 million bpd more than in August 2020 but 4...

Tech giants to fight global microchips problem on their own - 09/07/2021

Global tech giants, including Apple, Google, Amazon, Tesla and Baidu, have decided to design their own microchips. This, writes CNBC, is necessary to avoid shortages in production facilities. In addition, the corporations' own developments will allow them to adapt the chips to their needs. It will help to increase the competitive advantage of the product. Forrester's research director Glenn...

Saudi Arabia lowers oil prices to attract buyers - 09/06/2021

Saudi Arabia has lowered oil prices for Asian buyers more than market participants expected. The country is trying to take market share from competitors, oil buyers said. Saudi Arabia has lowered oil prices for buyers from Asia for the next month, Bloomberg said. The agency notes that the country's actions show its desire to attract buyers. Saudi state-owned Saudi Aramco is lowering the price...

Japan becomes the most expensive country for professional expats - 09/03/2021

Japan topped the list of the most expensive countries for employers to hire foreign workers. The United Kingdom dropped from first place to second, followed by India, China and Hong Kong. Japan has become the most expensive place for companies to work and live for foreign workers. It surpassed the United Kingdom, which previously topped the list of most expensive countries for expat employers,...

Chinese e-car industry falls victim to a global problem - 09/03/2021

Shipments of electric cars from Chinese companies Nio and Xpeng fell in August. According to CNBC, the industry fell victim to a global chip shortage and supply chain disruptions caused by local lockdowns due to the coronavirus. Nio delivered 5,880 electric cars in August, down from 7,931 in July. The company also lowered its delivery forecast for the third quarter of 2021 to 22,500-23,500 cars...

OPEC+ agrees to stick to its plan to increase oil production - 09/02/2021

The OPEC+ countries have agreed to maintain the current plan to increase oil production. The price of oil is falling amid this. At a meeting on Wednesday, the countries of OPEC + agreed to maintain the previously approved plan to increase oil production. It is reported by Reuters with reference to the statement of the organization.  Oil production will be increased by 400,000 barrels per...

USA to introduce cryptocurrency tax - 09/02/2021

The U.S. government announced that it will soon introduce tax rules for cryptocurrency transactions. The announcement caused discontent among traders, but in the long term, the new rules could strengthen the digital money trading system, Bloomberg writes. U.S. residents must pay income tax on any profits, but many crypto investors ignore this obligation. For several years now, the Internal...
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