News
Wim’s News – Rising Energy Prices: Will British SMEs Survive?
Small and medium-sized businesses (SMEs) in the UK are experiencing unprecedented energy bill increases, according to new reports. There has been an increase of more than 250% in gas prices over the past year on average. The combination of rising overheads and a difficult
Wim’s News – U.S. expressed concern India was being used to export fuel of Russian origin, Indian central banker says
India has expressed concern to the United States that it is being used to export fuel made from Russian crude to New York through high-seas transfers to hide its origin, a top Indian central banker said on Saturday. Deputy Governor Michael Patra of the
Wim’s News – The disparity between Nigeria’s imports and exports of petroleum totals $43 billion
Currently, Nigeria’s petroleum imports exceed its petroleum exports by $43 billion, according to a report. According to the Budget Office, Nigeria’s debt in the first four months of the year exceeded its revenue despite high oil prices. Unlike other oil producers, Nigeria has not
Wims News – As oil imports rise, the trade gap between India and the UAE widens
Due to a spike in oil and gold imports, India’s trade gap with the United Arab Emirates quadrupled in May-June, the first two months following the India-UAE free trade agreement. In the two-month period, the country’s trade deficit with the UAE increased to $3.92
Wims News – Using US-drilled natural gas, Mexico plans to become an export hub
Mexico, which imports nearly all of its natural gas, has a somewhat surprising mission: to become the world’s largest exporter of the fuel. In spite of Mexico’s inability to export natural gas, since it produces too little of the fuel to meet its own
Wims News – UN expects ‘big uptick’ in ships wanting to export Ukraine grain
The United Nations expects an increase in the number of ships seeking to export Ukrainian grain through the Black Sea after transit procedures are agreed upon and a goal of two to five million tonnes a month is “achievable.” On Monday, Russia, Ukraine, Turkey
Wim Van Hooydonk Warnings and Updates – Turkey’s deepening relationship with Russia alarms western capitals
Increasingly alarmed by Recep Tayyip Erdoan’s cozy relationship with Vladimir Putin, western capitals are considering punitive retaliation against the Nato member if it assists Russia in avoiding sanctions. According to the Financial Times, six western officials expressed concern about the Turkish and Russian leaders’
Wim Van Hooydonk Warnings and Updates – Japanese Inc. grapples with COVID work stoppages and no chitchat at lunch
The COVID-19 pandemic is causing Japanese businesses to temporarily close their offices or suspend production in a country that so far has fared better than most advanced economies during the epidemic. Last week, Toyota Motor Corp and Daihatsu Motor Co halted production line shifts