Authorities in China cancelled hundreds of flights, closed schools and ramped up mass testing on Thursday (Oct 21) to try and stamp out a new COVID-19 outbreak linked to a group of tourists. Beijing has maintained a relentless zero-COVID approach with strict border closures and targeted lockdowns, even as other countries tentatively try to easeContinue reading “Flights cancelled, schools closed as China fights new COVID-19 outbreak”
The collapse of Lebanon’s economy is one of the worst ever recorded, and nowhere can it be felt more than in the ER of Beirut’s main public hospital.
Cotton is everywhere in our modern world, and it became a hugely important crop in the 19th century United States. Cotton was a huge economic boon to the US, and much of that wealth was built on the backs of enslaved laborers. And cotton didn’t only benefit the states where slavery was legal. While cottonContinue reading “The Rise of Cotton: Crash Course Black American History #13”
China is rationing electricity as it struggles to contain its worst power blackouts in a decade. Long hours of outages are affecting residential areas and shutting factories. The government has introduced coal rationing and is trying to increase coal imports. But as Al Jazeera’s Rob McBride reports from Hong Kong, the crisis is a resultContinue reading “China rations electricity amid worst blackouts in decade – Al Jazeera”
Petrol stations run dry in major British cities Trucker shortage strains British economy Germany’s Scholz: we told UK not to Brexit Health workers should get priority, medics union says Gas station pumps ran dry in major British cities on Monday and vendors rationed sales as a shortage of truckers strained supply chains to breaking pointContinue reading “Pumps run dry at gas stations in Britain”
In which John Green teaches you about the economic malaise that beset the United States in the 1970s. A sort of perfect storm of events, it combined the continuing decline of America’s manufacturing base and the oil shocks of 1973 and 1979, and brought about an stagnant economy, paired with high inflation. Economists with aContinue reading “Ford, Carter, and the Economic Malaise: Crash Course US History #42”
INTERRUPTIONS to food supply to Scottish shops and restaurants are largely due to Brexit – not the “pingdemic” – say independent food retailers. They report that one major issue is hauliers from the EU have cut the UK from their routes. Some suppliers in European countries are also finding other buyers for their produce, because of theContinue reading “Retailers blame Brexit as food shortages sweep across Scotland’s stores”
A Chinese official has openly declared that Beijing has singled out Australia for economic punishment, saying the federal government cannot profit from China while “smearing” it. China’s government has hit several Australian industries with economic sanctions, imposing hefty tariffs on Australian barley and wine exports while throwing up barriers to several other products including timber,Continue reading “Chinese official declares Beijing has targeted Australian goods as economic punishment”