Forex rates saw big swings in the past two sessions in the unofficial currency market in Tehran with prices moving up on Sunday.  The dollar jumped more than 1.5% to be traded at 263,500 rials in the free market. It had retreated below the critical 260,000 rial-level on Saturday apparently due to geopolitical developments.   The...Read More

At the dawn of the 20th century, Norman Angell famously (or infamously) predicted that the era of global commercial integration had made great power conflict so costly and destructive as to be unthinkable. A few years later, the outbreak of World War I proved him right about the cost and destruction, but wrong about being unthinkable....Read More

First it was a financial crisis. Then a decade of slow growth that bred political anger. After that came a pandemic. Just as the threat of Covid-19 appeared to be receding, along came a European war. Welcome to the era of incessant crises. Comparisons are often made between today and the 1970s, and in some...Read More

Companies across the globe have been fleeing Russia as the country faces increasing sanctions due to its ongoing invasion of Ukraine, raising concerns over the ramifications the crisis may have on the global economy. Major Japanese manufacturers have added their names to the ever growing list of businesses halting operations in Russia, but economists note...Read More

Family Dollar announced a massive recall a few weeks ago, stopping sales of many products in its stores after discovering an enormous rodent infestation at a distribution center. The recall was so significant that the US Food and Drug Administration (FDA) posted a separate warning to inform customers about the significant recall action. A couple...Read More

The big western brands showed Vladimir Putin how to do it. While the Kremlin’s army was getting bogged down in Ukraine, Coca-Cola and Starbucks lost no time in closing their doors to Russian customers. But the most emblematic move of all came from McDonald’s, which has shut all 850 of its outlets in Russia. The...Read More

“Customers really don’t want to hear it, but fuel prices are going through the roof so we’re having to charge more,” said John Migliorini, vice president of Lakeville Trucking in Rochester, N.Y., where diesel costs have nearly doubled to about $400,000 a month. “What choice do we have? I’ve never seen prices jump this high,...Read More

Two weeks since Russia began Europe’s biggest conflict since World War II, businesses across the continent are already in varying stages of despair at the consequences on livelihoods. A crisis of human suffering in Ukraine, whose wider economic impact prompted European Central Bank officials to quicken their withdrawal from stimulus this week, is affecting prosperity...Read More

SPRINGFIELD, S.D. — Residents in Springfield displayed mixed emotions at their most recent city council meeting over transparency and legal issues after they say city leaders sprung the development of a Dollar General store on the public with improper notice. In November 2021, Sean and Cindy Doyle, who live just outside Springfield’s city limits, were...Read More

Biden called the actions “another crushing blow to Russia’s economy,” which has been pummeled by comprehensive financial sanctions announced in the aftermath of Moscow’s Feb. 24th invasion of its neighbor. The U.S. and Europe have cut off major Russian banks from global financial channels, blocked the country’s access to advanced technologies, and blacklisted wealthy business...Read More