Noticias de dinero

BSP study notes economic impact of temperature shocks

Climate change, particularly higher temperatures, has a detrimental effect on output growth and persistent inflationary effects, a Bangko Sentral ng Pilipinas (BSP) study found. A discussion paper issued at the end of last year said that on average, a one-degree Celsius rise in annual mean temperature would cut the country’s aggregate output growth by 0.37

READ MORE
Global

‘Wowsers!’: Snow Shocks Local in North Wales

Snow was falling in several parts of the UK on Thursday, February 8, with alerts for icy conditions issued by the Met Office. Footage here recorded by Seema Thomas shows snow falling over Mold, in north Wales. “Wowsers!” Thomas wrote. The Met Office issued yellow and amber alerts for parts of Wales and across the

READ MORE
Global

Optus customer service worker’s blunt message shocks Aussies

An Optus customer has been left shocked after receiving an extremely blunt response when reaching out for help to the telco’s customer service team. Approximately 10 million customers were left without service for more than nine hours on Wednesday after a fault in the provider’s core network triggered a nationwide outage. Thousands of businesses were

READ MORE
Noticias de dinero

Rate shocks and growth stocks

Good morning. Yesterday, long bond prices stopped falling, and everyone exhaled. Kate Duguid, our fearless colleague from the bond desk, will survey the fixed-income wreckage in Unhedged on Monday, while Ethan and I are away. In the meantime, email me: robert.armstrong@ft.com. Rate shocks and growth stocks I’ve argued at some length recently that there is

READ MORE
Global

UN says Russian troops torturing Ukrainians to death, reveals 1 survivor suffered shocks for ‘an eternity’

A U.N. commission tasked with investigating the behavior of Russian troops in Ukraine revealed Monday that Putin’s forces are “committing war crimes” and torturing people to death, including speaking with as survivor who said they suffered electric shocks for what “felt like an eternity.”  In the Kherson region alone, “Russian soldiers raped and committed sexual violence

READ MORE
Noticias de dinero

Rising Coffee Prices: A Story of Supply Shocks

The US produces almost no coffee, other than small quantities from Hawaii. However, the US market imports about 15% of global coffee production each year, and thus is fully exposed to global coffee prices–which have been on the rise. Angela Cantor describes the recent supply and demand patterns in “Historic coffee prices percolated after a

READ MORE