An economic development collaboration between Brazos County and a local provider of refrigerator valves as well as systems is on the agenda for Tuesday’s meeting. RVS’s parent firm, EVAPCO, is aiming to increase production and move to a larger facility in the Crosswind Drive, off of Highway 21, area of Bryan. Cooling towers and closed-circuit […]
New Mexico’s record-breaking oil output is expected to generate an unprecedented multibillion-dollar surplus for the state government throughout the 2018 fiscal year, state economists stated Wednesday. In accordance with forecasts from four state agencies, which include the Legislature’s budget and accountability office, annually state general fund income will rise to $13 billion for the fiscal […]
The anticipation of a potential strike at a liquefied natural gas (LNG) facility in Australia has sent shockwaves through European wholesale gas markets, causing prices to surge. The Offshore Alliance union’s recent warning about the imminent strike at the North West Shelf plant, operated by Woodside Energy Group, has raised concerns about the global supply […]
Thursday in New York, China’s Evergrande Group, once the country’s second-largest property developer, filed for bankruptcy. The troubled company borrowed extensively and defaulted on its debt in 2021, triggering an immense property crisis in China’s economy, which is still being felt. Evergrande filed for Chapter 15 protection from bankruptcy, which authorizes a US bankruptcy court […]
In the ongoing discourse surrounding the UK’s National Health Service (NHS), the announcement of an additional 900 NHS beds has ignited a fresh wave of debate. Shadow Health Secretary Wes Streeting, representing the Labour Party, has openly dismissed this move as a mere “sticking plaster,” emphasizing the need for more substantial measures to address the […]
In Asian trade at midmorning on Monday, crude oil prices declined as China’s economic recovery continued to disappoint and the U.S. dollar strengthened. Despite the decline, benchmarks remain significantly higher than they have been for months. Brent crude was trading barely below $86 per barrel at the time of writing, while West Texas Intermediate was […]
After over three years of interest-free deferment on federal student loans, millions of Americans will soon be required to make monthly payments. The effects may spread throughout the economy. Currently, federal student loan debt stands at $1.6 trillion, based on data from the New York Fed’s first quarter Household Debt and Credit Report. This will […]
China’s economic aspirations for a robust post-pandemic rebound have faced another setback as the country’s exports plummeted in July, raising concerns about its ability to reinvigorate its economy. Despite the lifting of COVID-19 lockdowns at the end of the previous year, China’s latest export figures suggest that the anticipated recovery is yet to materialize. The […]
Ron DeSantis, governor of Florida, is positioning himself as the economic protector of the American family, building on his assertion that he protects them culturally. Monday, the Republican candidate for president in 2024 released a 10-point economic plan that he calls a “Declaration of Economic Independence.” DeSantis, who trails former President Donald Trump in the […]
In 2020, China took a firm stance against its tech sector, cracking down on Big Tech companies that had been soaring in value. The move wiped out a staggering $1.1 trillion from their market value. However, in a surprising turn of events, authorities are now rolling out the red carpet for these very same firms. […]
