Good morning, and welcome to our rolling coverage of the world economy, the financial markets, the eurozone and business. The UK economy has returned to growth as the economic damage caused by the Omicron variant faded. UK GDP grew by 0.8% in January, faster than economists expected, after contracting 0.2% in December when ‘Plan B’...Read More

When it comes to good news on the economic front, there isn’t a lot to be found at the moment. Gas prices continue to soar, a skyrocketing rise fueled by Vladimir Putin’s malicious invasion of Ukraine. Consumers not only feel that pain at the pump but also on store shelves as the cost to deliver...Read More

A new 200-euro banknote is presented at the ECB headquarters in Frankfurt, Germany, September 17, 2018. REUTERS/Kai Pfaffenbach Register now for FREE unlimited access to Reuters.com Register NEW YORK, March 10 (Reuters) – Fallout from Russia’s invasion of Ukraine may be setting the stage for more gains in the dollar, upending investor expectations for a...Read More

Soaring U.S. energy prices are hitting all modes of transport, squeezing smaller shipping lines amid already-volatile ocean rates, as well as truckers who have to contend with delays in clawing back higher costs. Crude oil surged to the highest level in almost 14 years this week after the United States and United Kingdom said they...Read More

Is cryptocurrency going to bring a global economic meltdown of never-before-seen proportions? Something worse than the Great Recession of 2009-2011? Some economists and traditional financiers think so…who does anyone talk to about cryptocurrency; currencies that simply float in the air with nobody’s backing? From a purely economist’s perspective, I think we need more analysis to...Read More

Gas prices in Utah and across the country have spiked dramatically in the last few weeks, driven in large part by the economic fallout from Russia’s invasion of Ukraine and further heightened by President Joe Biden’s decision, announced Tuesday, to ban U.S. imports of Russian oil and gas. But besides the record-high prices for gasoline...Read More

Representations of virtual cryptocurrencies are placed on U.S. Dollar banknotes in this illustration taken November 28, 2021. REUTERS/Dado Ruvic/Illustration Register now for FREE unlimited access to Reuters.com Register WASHINGTON, March 9 (Reuters) – U.S. President Joe Biden signed an executive order on Wednesday requiring the government to assess the risks and benefits of creating a...Read More

There’s a gaping hole in venture capital and other sources of funding for women-of-color-owned businesses in the U.S. Numerous articles outline why excluding and withholding funding from an entire segment / race / gender of business founders is not only morally unsound, but unprofitable. Investing in women — especially women of color — as both...Read More

Chinese President Xi Jinping and Russian President Vladimir Putin attend a meeting during the BRICS (Brazil, Russia, India, China, and South Africa) summit in Brasilia on November 14, 2019. Pavel Golovkin | Afp | Getty Images BEIJING — Since taking office last year, President Joe Biden has pursued a strategy of restoring relationships with allies...Read More

E.U. officials, meanwhile, unveiled a separate plan to cut Russian gas imports by approximately two-thirds this year — though questions quickly emerged about whether the European nations would be able to achieve that goal. The consecutive blows to Russia’s energy sector immediately reverberated throughout the global economy. Gas prices in the United States continued their...Read More